Listed below are the selected transactions for the Weston Gastroenterology Clinic. May 1 The clinic issued...

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Listed below are the selected transactions for the Weston Gastroenterology Clinic. May 1 The clinic issued 1,000 additional shares of capital stock to Doctor Weston at $75 per share. May 4 The clinic purchased scoping equipment. The equipment cost $90,00o, of which $30, 000 was paid in cash; a note payable was issued for the balance. May 12 Issued a check for $2,400 in full payment of an account payable to Leah Laboratories. May 19 Purchased office supplies on account for $240. Payment is due in full by June 10. May 25 Collected a $15,000 account receivable from the Goosinger Medical Insurance. May 31 Declared and paid a $50,000 cash dividend to stockholders. Record the above transactions in general journal form for Weston Gastroenterology Clinic. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 4 5 6 Record the issuance of capital stock at $75 per share. Note: Enter debits before credits. Date General Journal Debit Credit May 01 Listed below are the selected transactions for the Weston Gastroenterology Clinic. May 1 The clinic issued 1,000 additional shares of capital stock to Doctor Weston at $75 per share. May 4 The clinic purchased scoping equipment. The equipment cost $90,00o, of which $30, 000 was paid in cash; a note payable was issued for the balance. May 12 Issued a check for $2,400 in full payment of an account payable to Leah Laboratories. May 19 Purchased office supplies on account for $240. Payment is due in full by June 10. May 25 Collected a $15,000 account receivable from the Goosinger Medical Insurance. May 31 Declared and paid a $50,000 cash dividend to stockholders. Record the above transactions in general journal form for Weston Gastroenterology Clinic. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 4 5 6 Record the issuance of capital stock at $75 per share. Note: Enter debits before credits. Date General Journal Debit Credit May 01

Answer rating: 100% (QA)

Date General Journal General Journal Debit Credit May 01 Cash 75000 Common stock i stoc... View the full answer