Discover the answers you need at Westonci.ca, where experts provide clear and concise information on various topics. Explore in-depth answers to your questions from a knowledgeable community of experts across different fields. Discover in-depth answers to your questions from a wide network of professionals on our user-friendly Q&A platform.
Sagot :
Journalizing the transactions during the month of April is as follows:
Journal Entries:
April 1 Debit Cash $19,000
Credit Common Stock $19,000
To record the issuance of stock for cash.
April 2 Debit Office Rent Expense $1,200
Credit Cash $1,200
To record the payment for rent expense for the month.
April 3 Debit Dental Supplies $4,900
Credit Accounts Payable (Dazzle Company) $4,900
To record the purchase of supplies on account.
April 10 Debit Accounts Receivable $5,100
Credit Service Revenue $5,100
To record the services performed on account.
April 11 Debit Cash $1,300
Credit Deferred Revenue (Leah Mataruka) $1,300
To record cash received in advance for an implant.
April 20 Debit Cash $2,700
Credit Service Revenue $2,700
To record receipt of cash for services performed.
April 30 Debit Salary Expense $2,800
Credit Cash $2,800
To record the payment of salary for the month.
April 30 Debit Accounts Payable (Dazzle Company) $3,140
Credit Cash $3,140
To record payment on account.
Data Analysis:
April 1 Cash $19,000 Common Stock $19,000
April 1 Hired a secretary-receptionist at a salary of $700 per week payable monthly.
April 2 Office Rent Expense $1,200 Cash $1,200
April 3 Dental Supplies $4,900 Accounts Payable (Dazzle Company) $4,900
April 10 Accounts Receivable $5,100 Service Revenue $5,100
April 11 Cash $1,300 Deferred Revenue (Leah Mataruka) $1,300
April 20 Cash $2,700 Service Revenue $2,700
April 30 Salary Expense $2,800 Cash $2,800
April 30 Accounts Payable (Dazzle Company) $3,140 Cash $3,140
Read more about recording journal entries at brainly.com/question/17201601
Visit us again for up-to-date and reliable answers. We're always ready to assist you with your informational needs. We appreciate your time. Please revisit us for more reliable answers to any questions you may have. Find reliable answers at Westonci.ca. Visit us again for the latest updates and expert advice.