Vito Busch practices medicine under the business title Vito Busch, M.D. During July, the medical practice...
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Vito Busch practices medicine under the business title Vito Busch, M.D. During July, the medical practice completed the following transactions: View the transactions. Read the requirements. Requirement 1. Record each transaction in the journal using the following account titles: Cash; Accounts Receivable; Supplies; Land; Accounts Payable; Advertising Payable; Unearned Revenue; Notes Payable; Busch, Capital; Busch, Withdrawals; Service Revenue; Salaries Expense; Rent Expense; Utilities Expense; and Advertising Expense. Explanations are not required. (Record debits first, then credits. Exclude explanations from journal entries.) Jul. 1: Busch contributed $42,000 cash to the business in exchange for common stock. Date Jul. 1 Accounts Jul. 5: Paid monthly rent on medical equipment, $540. Date Jul. 5 Accounts Jul. 9: Paid $15,700 cash to purchase land to be used in operations. Date Accounts Debit Credit Debit Credit Debit Credit Vito Busch practices medicine under the business title Vito Busch, M.D. During July, the medical practice completed the following transactions: View the transactions. Read the requirements. Requirement 1. Record each transaction in the journal using the following account titles: Cash; Accounts Receivable; Supplies; Land; Accounts Payable; Advertising Payable; Unearned Revenue; Notes Payable; Busch, Capital; Busch, Withdrawals; Service Revenue; Salaries Expense; Rent Expense; Utilities Expense; and Advertising Expense. Explanations are not required. (Record debits first, then credits. Exclude explanations from journal entries.) Jul. 1: Busch contributed $42,000 cash to the business in exchange for common stock. Date Jul. 1 Accounts Jul. 5: Paid monthly rent on medical equipment, $540. Date Jul. 5 Accounts Jul. 9: Paid $15,700 cash to purchase land to be used in operations. Date Accounts Debit Credit Debit Credit Debit Credit
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