Alicia Hiram is a licensed dentist. During the first month ofthe operation of her business, the following events andtranscations occured.
April 1 Stock holders invested $40,000 cash in exchange forcommon stock.
April 1 Hired a secretary-receptionist at a salary of $600 perweek payable monthly.
April 2 Paid office rent for the month of $1,700
April 3 Purchased dental supplies on account from JenningsCompany $5,200
April 10 Performed dental services and billed insurancecompanies $6,600
April 11 Received $1,200 cash advance from Bob carow for animplant
April 20 Received $2,100 cash for dental services perfomed forRyan Banks
April 30 Paid secretary-receptionist for the month $2,400
April 30 Paid $2,200 to Jennings company for accounts payabledue
Alicia uses the following chart of accounts: No 101 cash No. 112Accounts receivable No. 126 Supplies No. 201 Accounts payable No.209 Unearned service revenue No. 311 Common stock,
No. 400 Services revenue, No. 726 Salaries and Wages expense andNo. 729 Rent expense.
Instructions:
A. Journalize the transcations
B. Post to the ledger accoutns
C. Prepare a trial balance on April 30, 2015.
Alicia Hiram is a licensed dentist. During the first month ofthe operation of her business, the following events andtranscations occured.
April 1 Stock holders invested $40,000 cash in exchange forcommon stock.
April 1 Hired a secretary-receptionist at a salary of $600 perweek payable monthly.
April 2 Paid office rent for the month of $1,700
April 3 Purchased dental supplies on account from JenningsCompany $5,200
April 10 Performed dental services and billed insurancecompanies $6,600
April 11 Received $1,200 cash advance from Bob carow for animplant
April 20 Received $2,100 cash for dental services perfomed forRyan Banks
April 30 Paid secretary-receptionist for the month $2,400
April 30 Paid $2,200 to Jennings company for accounts payabledue
Alicia uses the following chart of accounts: No 101 cash No. 112Accounts receivable No. 126 Supplies No. 201 Accounts payable No.209 Unearned service revenue No. 311 Common stock,
No. 400 Services revenue, No. 726 Salaries and Wages expense andNo. 729 Rent expense.
Instructions:
A. Journalize the transcations
B. Post to the ledger accoutns
C. Prepare a trial balance on April 30, 2015.
Related questions
Problem 2-2A (Part Level Submission)
Julia Dumars is a licensed CPA. During the first month of operations of her business, Julia Dumars, Inc., the following events and transactions occurred.
| May 1 | Stockholders invested $20,700 cash in exchange for common stock. | |
| 2 | Hired a secretary-receptionist at a salary of $2,700 per month. | |
| 3 | Purchased $2,400 of supplies on account from Vincent Supply Company. | |
| 7 | Paid office rent of $830 cash for the month. | |
| 11 | Completed a tax assignment and billed client $3,800 for services performed. | |
| 12 | Received $2,500 advance on a management consulting engagement. | |
| 17 | Received cash of $1,800 for services performed for Orville Co. | |
| 31 | Paid secretary-receptionist $2,700 salary for the month. | |
| 31 | Paid 40% of balance due Vincent Supply Company. |
Julia uses the following chart of accounts: No. 101 Cash, No. 112 Accounts Receivable, No. 126 Supplies, No. 201 Accounts Payable, No. 209 Unearned Service Revenue, No. 311 Common Stock, No. 400 Service Revenue, No. 726 Salaries and Wages Expense, and No. 729 Rent Expense.
A.Journalize the transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
B.
Post to the ledger accounts. (Post entries in the order of journal entries presented in the previous part.)
C.
Prepare a trial balance on May 31, 2017.
