User Account

All Pages

Record the entry of daily for each of the transactions

Assignment Help Accounting Basics
Reference no: EM132568708

Dr. Pedro Mario Gonzalez, owner of a clinical diagnostic center, performed the following movements during the month of July:

  • Paid the month's rent for $15,000.
  • 4. Purchased X-ray equipment on credit for $220 000.
  • 6. Charged a $3,100 outstanding bill for services made last month.
  • 9. He bought cash stretchers for $13,450.
  • 13. Paid a debt to Morei Labs for 12,500, for the purchase of chemical reagents on credit made last month.
  • 18. Paid a monthly insurance policy against clinic damage for $1,400.
  • 21. Paid dividends of $13,100.
  • 25. Paid nurses' salaries for $32,000.
  • 26. Performed various services to patients for $23,000, which was left unpaid.
  • 28. Paid $8,300 for miscellaneous materials.

It is requested:

Question 1: Given the above information, record the entry of daily for each of the transactions that occurred.

Reference no: EM132568708

Questions Cloud

What is your own experience of friendships : Author Peggy Hutchison writes: "...extensive obstacles to friendship exist in families, communities, and services. As a result of these obstacles.
Determine taxable income in each independent cases : Determine taxable income in each of the following independent cases. In all cases, the company was very profitable in all years prior to 2017
Obligation state law equality : Write and explain them with one sentence: Obligation State Law Equality
Write down the review of critical financial ratios : In an ongoing effort to explore the feasibility of expanding services into rural areas of the state, leadership at Memorial Hospital has determined.
Record the entry of daily for each of the transactions : Record the entry of daily for each of the transactions that occurred. Charged a $3,100 outstanding bill for services made last month.
Expound the statement of jose rizal : Expound the following statement of Jose Rizal "To vilify a nation, there is nothing better than to generalize the bad in it, just to enable it, one should stren
Discuss Family and Medical Leave Act : Discuss the Family and Medical Leave Act of 1993 and the Patient Protection and Affordable Care Act of 2010.
Find the dollar amount of the cost of goods sold : Cost of goods manufactured for the FY 2018 was $329,000. Use this information to find the dollar amount of the FY 2018 cost of goods sold
Components of a classroom management plan : What are the necessary components of a classroom management plan? What is the purpose of each component?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Who might be affected by the suggested reclassification

Who might be affected by the suggested reclassification? What are the possible consequences to the Statement of Cash Flows of the decision to make the changes

  What effect does the purchase of an asset

what effect does the purchase of an asset have on the accounting equation? what about the payment of a liability - what effect does declaring and paying a cash

  What amount is cash provided by operating activities

During the year, Samuels reported net income of $300,000, Applying the indirect method, what amount is cash provided by operating activities

  A manual check for the shipment of the goods

Journal entry for receiving $60,000 in safety product inventory and $40,000 in raw material .

  Calculate the annual depreciation charge for each year

ACCT603 ACCOUNTING FOR CORPORATE STRUCTURE ASSIGNMENT. Calculate the annual depreciation charge for each of the six years of the truck's life

  Explain the fraud that occurred at healthsouth corporation

Explain the fraud that occurred at HealthSouth Corporation. What was the ultimate result of the prosecution of HealthSouth officials?

  What amount of bonus is paid each month to franz holzhausen

Compute the monthly operating income for January, February, and March under absorption costing. What amount of bonus is paid each month to Franz Holzhausen?

  What is the shareholders basis in the property received

What is the amount of the shareholder's dividend income on the distribution? What is the shareholder's basis in the property received

  Which gaap requires the use of depreciation for assets that

1. which gaap requires the use of depreciation for assets that have useful lives beyond 1 year? explain why this

  How much total income tax will jaron pay

For the current year, Custom Craft Services Inc. (CCS), a C corporation, reports taxable income of $225,000 before paying salary to Jaron the sole shareholder.

  Describe each transaction and the source of each posting

The debits and credits from two transactions are presented in the following customer account:

  What was the correct amount of unrestricted net assets

The accountant made the appropriate entry at that time. What was the correct amount of unrestricted net assets at the end of Year 2

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd