Question: please answer fast Question Three: (30 points) ABC is a licensed dentist. During the first month of the operation of her business, the following events

please answer fast  please answer fast Question Three: (30 points) ABC is a licensed
dentist. During the first month of the operation of her business, the

Question Three: (30 points) ABC is a licensed dentist. During the first month of the operation of her business, the following events and transactions occurred. April Invested $20,000 cash in her business. Hired a secretary-receptionist at a salary of $700 per week payable monthly. 2 Paid office rent for the month $1,100. 3 Performed dental services and billed the patient $5,100. 10 Purchased dental supplies on account from Smile Company $4,000. 20 Received $2,100 cash for dental services performed on April 3. 30 Paid secretary-receptionist salary for the month $2,800. 30 Paid $2,400 to Smile Company for accounts payable due. Required: (a) Journalize the transactions. (b) Post to the ledger accounts using T-accounts. (c) Prepare a trial balance on April 30, 2014. Journalize the transactions DATE ACCOUNT TITLE DEBIT CREDIT b) Post to the ledger accounts using T-accounts

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!