Secure : https://wwwmathx.com/St spxhomeworkld 462243671 questionld-48flushed tr

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Secure : https://wwwmathx.com/St spxhomeworkld 462243671 questionld-48flushed trueäcdd-48083478center ACTG 001A Financial Accounting i MW Chicke Bryant-Anderson 1 3/14/18 12 Homework: Chapter 02 Homework Score: 0 31 of 1 pt 40r 7 (7 complete) HW Score: 51.25%, 7.69 P2-29A (similar to) Question Vto Yasmin practices medicine under the business tile Vito Yasmin, M.D. During July, the medical practice compieted the following transactions (Click the icon to view the transactions ) The business uses the following accounts Cash, Accounts Receivable. Office Supplies, Land. Accounts Payable. Advertising Payable. Useaned Revenue Payable: Yasmin, Capital, Yasmin, Withdrawals, Service Revenue, Salaries Expense. Rent Expense, Ulities Expense, and Advertising Expense Read the resquirements Bal We will post to the accounts one transacton at a time. Begin by posting the events from the 1st July 1. Yasmin contnbuted $62,000 cash to the business in exchange for capital Journal entry Date Jul 1 Cash Yasmin, Capital 62,000 ° More into Ju1 Yasmin contribuled $62,000 cash to the business in exchange for capital 5 Paid monthly rent on medical equipment, $560 9 Paid $21,000 cash to purchase land to be used in operations 10 Purchased office supples on account, $1,500 19 Borrowed $31,000 from the bank for business use 22 Paid $1,400 on account 28 The business received a bil for advortising in the daily newspaper to s Expense ing Expense paid in August, $310 31 Revenues earned during the month included 56,400 cash and $5,900 on 31 Paid employees' salaries $2,200, office rent $1,600 and utities $700. Record as a compound entry 31 The business received $1,050 for medcal screening senvices to be 31 Yasmin withdrew cash of $6.800 performed nexd month 12 Check Answer Pint Done

Explanation / Answer

Cash Account

Yasmin Capital Account

Rent Expense Account

Land Account

Office Supplies Account

Account Payable

Bank Account

Bank Borrowings Account

Advertiseing Expense Account

Creditors for Expense Account

Account Recevable  

Revenue Accouny

Medical Screening Service

Salary Account

Office Rent

Utility Account

Date Debit Amount Date Credit Amount July1 $ 62000 July 5 $ 560 July 31 $ 6400 July 9 $ 21000 July 22 $ 1400 July 31 $ 6800 July 31 $ 2200 July 31 $ 1600 July 31 $ 700

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