Reference no: EM132982488
Question - Ahuja Dental Services' general ledger at June 30, 2021, included the following: Cash, $6,440, Supplies, $1,000, Equipment, $66,000, Notes Payable, $49,600, Accounts Payable, $800, and S. Ahuja, Capital $23,040. During July 2021, the following transactions occurred:
July 2 Paid July's rent of $1,430.
July 4 Purchased $680 supplies on account.
July 15 Paid the accounts payable owing from June 30, 2021.
July 31 Paid the dental assistant's salary of $2,120.
July 31 Provided $10,070 of dental services during July. Collected $9,480 of this in cash.
Required -
1. Create T accounts and enter the balances as at June 30, 2021.
2. Post the July journal entries.
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