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    Sectioemily Valley Is A Licensed Dentist. During The First Month of The Operation of Her Business, The Following Events and Transactions Occurredn4

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    Bassam Alyeser
    The document provides accounting transactions for Dr. Bridgette Keyes' dental practice for the month of April. It includes investing cash into the business, paying rent and supplies, performing services and billing insurance, receiving payments from patients, paying salaries, and preparing a trial balance at the end of the month. The trial balance shows total debits of $29,800 equal to total credits of $29,800, indicating the accounting records are in balance.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Sectioemily Valley Is A Licensed Dentist. During The First Month of The Operation of Her Business, The Following Events and Transactions Occurredn4

    Uploaded by

    Bassam Alyeser
    133 views14 pages
    The document provides accounting transactions for Dr. Bridgette Keyes' dental practice for the month of April. It includes investing cash into the business, paying rent and supplies, performing services and billing insurance, receiving payments from patients, paying salaries, and preparing a trial balance at the end of the month. The trial balance shows total debits of $29,800 equal to total credits of $29,800, indicating the accounting records are in balance.

    Original Title

    sectioEmily Valley is a licensed dentist. During the first month of the operation of her business, the following events and transactions occurredn4

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    The document provides accounting transactions for Dr. Bridgette Keyes' dental practice for the month of April. It includes investing cash into the business, paying rent and supplies, performing services and billing insurance, receiving payments from patients, paying salaries, and preparing a trial balance at the end of the month. The trial balance shows total debits of $29,800 equal to total credits of $29,800, indicating the accounting records are in balance.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    133 views14 pages

    Sectioemily Valley Is A Licensed Dentist. During The First Month of The Operation of Her Business, The Following Events and Transactions Occurredn4

    Uploaded by

    Bassam Alyeser
    The document provides accounting transactions for Dr. Bridgette Keyes' dental practice for the month of April. It includes investing cash into the business, paying rent and supplies, performing services and billing insurance, receiving payments from patients, paying salaries, and preparing a trial balance at the end of the month. The trial balance shows total debits of $29,800 equal to total credits of $29,800, indicating the accounting records are in balance.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 14

     The Accounts that increase

    the owner’s equity (Credit)


    Debit Credit  The Accounts that
    Accounts Accounts decrease the owner’s
    equity (Debit)
    Increase the owner’s equity so its
    nature is credit Account
    Increase in credit – decrease in debit

    Decrease the owner’s equity so its


    nature is Debit Account
    Increase in debit– decrease in credit

    Increase the owner’s equity so its


    nature is credit Account
    Increase in credit – decrease in debit

    Decrease the owner’s equity so its


    nature is debit Account
    Increase in debit– decrease in credit
    P2-2A Emily Valley is a licensed dentist. During
    the first month of the operation of her business,
    the following events and transactions occurred:
    • Instructions
    (a) Journalize the transactions.
    (b) Post to the ledger accounts.
    (c) Prepare a trial balance on April 30, 2017
    April 1 Invested $20,000 cash in her business.
    Cash Increased Owner’s Capital Increased
    Debit Credit

    date Explanation Debit Credit


    April 1 cash 20000
    Owner’s Capital 20000

    date debit credit Balance date debit credit Balance


    April1 20000 20000 April1 20000 20000
    April1 Hired a secretary-receptionist at a salary of $700
    per week payable monthly.
    April2 Paid office rent for the month $1,100.
    Cash Decreased(Credit) Rent Expense. increased (Debit)

    date Explanation Debit Credit


    April 2 Rent Expense 1100
    Cash 1100

    date debit credit Balance date debit credit Balance


    April1 20000 20000 April3 1100 1100
    April2 1100 18900
    April 3 Purchased dental supplies on account from Dazzle
    Company $4,000.
    Supplies increased(Debit) Accounts payable increased (Credit)

    date Explanation Debit Credit


    April 3 Supplies 4000
    Accounts Payable 4000

    date debit credit Balance date debit credit Balance


    April3 4000 4000
    April3 4000 4000
    April 10 Performed dental services and billed insurance
    companies $5,100.
    Service Revenues Increased (Credit)
    Accounts Receivable increased (debit)

    date Explanation Debit Credit


    April 10 Accounts Receivable 5100
    Service Revenues 5100

    date debit credit Balance date debit credit Balance


    April10 5100 5100 April10 5100 5100
    April 11 Received $1,000 cash advance from Leah Mataruka for
    an implant.
    Cash increased ( Debit)
    Unearned Service Revenues increased (Credit)

    date Explanation Debit Credit


    April 10 Cash 1000
    Unearned Service Revenue 1000

    date debit credit Balance date debit credit Balance


    April1 20000 20000 April11 1000 1000
    April2 1100 18900
    April11 1000 19900
    April 20 Received $2,100 cash for services performed
    from Michael Santos.
    Cash increased (Debit)
    Service Revenue increased (Credit)

    date Explanation Debit Credit


    April20 Cash 2100
    Service Revenue 2100

    date debit credit Balance


    date debit credit Balance
    April1 20000 20000
    April10 5100 5100
    April2 1100 18900
    April20 2100 7200
    April11 1000 19900
    April20 2100 22000
    April 30 Paid secretary-receptionist for the month $2,800.
    Cash decreased (Credit)
    Salaries Expense increased (Debit)

    date Explanation Debit Credit


    April 30 Salaries Expense 2800
    Cash 2800

    date debit credit Balance date debit credit Balance


    April1 20000 20000 April30 2800 2800
    April2 1100 18900
    April11 1000 19900
    April20 2100 22000
    April30 2800 19200
    April 30 Paid $2,400 to Dazzle for accounts payable due.
    Cash decreased (Credit) Accounts Payable Decreased (Debit)

    date Explanation Debit Credit


    April30 Accounts payable 2400
    Cash 2400

    date debit credit Balance date debit credit Balance


    April1 20000 20000 April3 4000 4000
    April2 1100 18900 April30 2400 1600
    April11 1000 19900
    April20 2100 22000
    April30 2800 19200
    April30 2400 16800
    Cash Accounts Payable
    date debit credit Balance date debit credit Balance
    April1 20000 20000 April3 4000 4000
    April2 1100 18900 April30 2400 1600
    April11 1000 19900
    Unarned Service Revenue
    April20 2100 22000
    date debit credit Balance
    April30 2800 19200
    April11 1000 1000
    April30 2400 16800
    Owner’s Capital
    Supplies
    date debit credit Balance
    date debit credit Balance
    April1 20000 20000
    April3 4000 4000
    Rent Expense
    Accounts Receivable
    date debit credit Balance
    date debit credit Balance
    April3 1100 1100
    April10 5100 5100
    Salaries Expense
    Service Revenue
    date debit credit Balance
    date debit credit Balance
    April30 2800 2800
    April10 5100 5100
    April20 2100 7200
    BRIDGETTE KEYES, DENTIST
    Trial Balance
    April 30, 2014

    Explanation Debit Credit


    Cash 16800
    Accounts receivable 5100
    Supplies 4000
    Accounts Payable 1600
    Unearned Service Revenue 1000
    Owner’s Capital 20000
    Service Revenue 7200
    Salaries & Wages Expense 2800
    Rent Expense 1100
    29800 29800

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