Vaughn is a licensed dentist. During the first month of the operation of her business, the...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Vaughn is a licensed dentist. During the first month of the operation of her business, the following events and transactions occurred. April 1 Invested $19,000 cash in her business. Hired a secretary-receptionist at a salary of $500 per week payable monthly. Paid office rent for the month $1,000. Purchased dental supplies on account from Dazzle Company $5,00o. 3 10 Performed dental services and billed insurance companies $5,000. 11 Received $1,500 cash advance from Leah Mataruka for an implant. 20 Received $1,800 cash for services performed from Michael Santos. 30 Paid secretary-receptionist for the month $2,000, 30 Paid $3,200 to Dazzle for accounts payable due. Prepare a trial balance on April 30, 2022. VAUGHN, DENTIST Trial Balance Debit Credit Totals Vaughn is a licensed dentist. During the first month of the operation of her business, the following events and transactions occurred. April 1 Invested $19,000 cash in her business. Hired a secretary-receptionist at a salary of $500 per week payable monthly. Paid office rent for the month $1,000. Purchased dental supplies on account from Dazzle Company $5,00o. 3 10 Performed dental services and billed insurance companies $5,000. 11 Received $1,500 cash advance from Leah Mataruka for an implant. 20 Received $1,800 cash for services performed from Michael Santos. 30 Paid secretary-receptionist for the month $2,000, 30 Paid $3,200 to Dazzle for accounts payable due. Prepare a trial balance on April 30, 2022. VAUGHN, DENTIST Trial Balance Debit Credit Totals
Expert Answer:
Answer rating: 100% (QA)
VAUGHN DENTIST Trial Balance As at April 302022 Deb... View the full answer
Related Book For
Financial and managerial accounting
ISBN: 978-1118016114
1st edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Posted Date:
Students also viewed these accounting questions
-
During the first month of operation of Gordon Construction, Inc., completed the following transactions: June 2 Gordon received $55,000 cash and issued common stock to the stockholders. 3 Purchased...
-
During the first month of operations, Johnson Plumbing, Inc., completed the following transactions: Requirements 1. Record each transaction in the journal. Key each transaction by date. Explanations...
-
During the first month of operations, Martinson Services, Inc., completed the following transactions: May...... 2...... Martinson Services received $65,000 cash and issued common stock to the...
-
Investor's Report Objectives: You will conduct financial statement analysis of two comparable companies and provide recommendations about the financial position about each for two investors. Select...
-
How are analytical procedures used near the end of the audit?
-
A set of final examination grades in an introductory statistics course is normally distributed, with a mean of 73 and a standard deviation of 8. a. What is the probability that a student scored below...
-
a. Distinguish between ratio and difference estimation. b. What conditions are necessary to use these techniques?
-
Juniper Design Ltd. of Manchester, England, is a company specializing in providing design services to residential developers. Last year the company had net operating income of 600,000 on sales of...
-
Students and their families want to know that their unique personal and cultural backgrounds will be respected and valued in the classroom. Educators must be prepared to effectively communicate this...
-
A network administrator has received reports of intermittent connectivity issues. To diagnose the problem, the network administrator has decided to use tcpdump. Which of the following are the primary...
-
Mary, Rose and Peter decided to start a wellness centre offering massage (Mary), yoga (Rose) and tai chi (Peter). Peter has worked as a CEO of a large company and has felt burnt out for a while, so...
-
Behavioral Economics: I bought a high-end gaming computer on impulse last Halloween because of the great holiday deals. However, after a few months, I realized I wasn't using it as much due to my...
-
Now derive the transient (time-dependent) velocity profile for pulsatile flow between parallel v plates. [note that now the governing equation has changed to include time dependence p at P Assume...
-
Google eagerly relies on machines as opposed to individuals since machines are coordinated correspondingly which gives individuals heaps of decisions to look at. This decision given by the machine is...
-
Design and implement a chat server that can handle multiple clients simultaneously. Clients should be able to send messages to the server and receive updates when other clients send messages.
-
The Aberdeen plant had already ramped up production of respirator masks in response to demand from first responders battling wildfires in Australia and contending with a volcano in the Philippines....
-
Stack-based Recursive Graphics Links in the screenshots are: Link 1- https://processing.org/examples/tree.html Link 2- https://processing.org/examples/recursion.html Link 3-...
-
In the busy port of Chennai, India, the number of containers loaded onto ships during a 15-week period is as follows: 1. Develop a linear trend equation to forecast container loadings. 2. Using the...
-
For Hunt Company, a mixed cost is $15,000 plus $18 per direct labor hour. Diagram the behavior of the cost using increments of 500 hours up to 2,500 hours on the horizontal axis and increments of...
-
Selected transactions from the journal of Roberta Mendez, investment broker, are presented below. Instructions (a) Post the transactions to T-accounts. (b) Prepare a trial balance at August 31,2014....
-
For nearly 20 years, Specialized Coatings has provided painting and galvanizing services for manufacturers in its region. Manufacturers of various metal products have relied on the quality and quick...
-
The 10-Q filing with the Securities and Exchange Commission is produced by the company's: A. management. B. beneficial owners. C. independent accountant.
-
If an investor would like to find out the compensation of the highest paid employees of the company, the best source of this information is the company's: A. 8-K filing. B. 10-K filing. C. proxy...
-
Off-balance sheet financing is a concern because: A. It is illegal. B. It is recorded at book value instead of market value. C. There is debt that is not fully reported in the financial statements.
Study smarter with the SolutionInn App