Reference no: EM132961360
Question - Victoria Hall is a licensed dentist. During the first month of the operation of her business, the following events and transactions occurred.
April 1 Invested $20,000 cash in her business.
April 1 Hired a secretary-receptionist at a salary of $700 per week payable monthly.
April 2 Paid office rent for the month $1,100.
April 3 Purchased dental supplies on account from Smile Company $4,000.
April 10 Provided dental services and billed insurance companies $5,100.
April 11 Received $1,000 cash advance from Trudy Borke for an implant.
April 20 Received $2,100 cash for services completed and delivered to John Carl.
April 30 Paid secretary-receptionist for the month $2,800.
April 30 Paid $2,400 to Smile Company for accounts payable due.
Victoria 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. 301 Owner's Capital, No. 400 Service Revenue, No. 726 Salaries and Wages Expense, and No. 729 Rent Expense.
Required -
(a) Journalize the transactions.
(b) Post to the ledger accounts.
(c) Prepare a trial balance on April 30, 2012.