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Cash No. 101 Date Explanation Ref Debit Credit Balance Apr. 1 JI $20,000 $20,000 $1,500 18,500 JI Apr. 2 JI Apr. 11 $1,000 JI Apr. 20 Apr. 30 v JI $2,800 JI Apr. 30 $2,600 Accounts Receivable No. 112 Date Explanation Ref Debit Credit Balance $5,100 JI Аpr. 10 $5,100 Supplies No. 126 Date Explanation Ref Debit Credit Balance Apr. 3 $4,000 J1 $4,000 Accounts Payable No. 201 Date Explanation Ref Debit Credit Balance $4,000 JI Apr. 3 $4,000 Apr. 30 JI $2,600 Unearned Service Revenue No. 209 Date Explanation Ref Debit Credit Balance $1,000 JI Apr. 11 $1,000 Owner's Capital No. 301 Date Explanation Ref Debit Credit Balance Apr. 1 $20,000 JI $20,000 Service Revenue No. 400 Date Explanation Ref Debit Credit Balance Apr. 10 J1 $5,100 $5,100 JI Apr. 20 $2,100 wwwww Salaries and Wages Expense No. 726 Date Explanation Ref Debit Credit Balance Apr. 30 v JI $2,800 $2,800 Rent Expense No. 729 Date Explanation Ref Debit Credit Balance Apr. 2 JI $1,500 $1,500

Cash No. 101 Date Explanation Ref Debit Credit Balance Apr. 1 JI $20,000 $20,000 $1,500 18,500 JI Apr. 2 JI Apr. 11 $1,000 JI Apr. 20 Apr. 30 v JI $2,800 JI Apr. 30 $2,600 Accounts Receivable No. 112 Date Explanation Ref Debit Credit Balance $5,100 JI Аpr. 10 $5,100 Supplies No. 126 Date Explanation Ref Debit Credit Balance Apr. 3 $4,000 J1 $4,000 Accounts Payable No. 201 Date Explanation Ref Debit Credit Balance $4,000 JI Apr. 3 $4,000 Apr. 30 JI $2,600 Unearned Service Revenue No. 209 Date Explanation Ref Debit Credit Balance $1,000 JI Apr. 11 $1,000 Owner's Capital No. 301 Date Explanation Ref Debit Credit Balance Apr. 1 $20,000 JI $20,000 Service Revenue No. 400 Date Explanation Ref Debit Credit Balance Apr. 10 J1 $5,100 $5,100 JI Apr. 20 $2,100 wwwww Salaries and Wages Expense No. 726 Date Explanation Ref Debit Credit Balance Apr. 30 v JI $2,800 $2,800 Rent Expense No. 729 Date Explanation Ref Debit Credit Balance Apr. 2 JI $1,500 $1,500

Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter2: The Accounting Information System
Section: Chapter Questions
Problem 40E: Exercise 2-40 Transaction Analysis Amanda Webb opened a home health care business under the name...
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Problem 2-02A a-c (Video) Vera Ernst 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. 1 Hired a secretary-receptionist at a salary of $700 per week payable monthly. 2 Paid office rent for the month $1,500. 3 Purchased dental supplies on account from Dazzle Company $4,000. 10 Performed dental services and billed insurance companies $5,100. 11 Received $1,000 cash advance from Leah Mataruka for an implant. 20 Received $2,100 cash for services performed from Michael Santos. 30 Paid secretary-receptionist for the month $2,800. 30 Paid $2,600 to Dazzle for accounts payable due.
Transcribed Image Text:Problem 2-02A a-c (Video) Vera Ernst 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. 1 Hired a secretary-receptionist at a salary of $700 per week payable monthly. 2 Paid office rent for the month $1,500. 3 Purchased dental supplies on account from Dazzle Company $4,000. 10 Performed dental services and billed insurance companies $5,100. 11 Received $1,000 cash advance from Leah Mataruka for an implant. 20 Received $2,100 cash for services performed from Michael Santos. 30 Paid secretary-receptionist for the month $2,800. 30 Paid $2,600 to Dazzle for accounts payable due.
Cash No. 101 Date Explanation Ref Debit Credit Balance Apr. 1 JI $20,000 $20,000 $1,500 18,500 JI Apr. 2 JI Apr. 11 $1,000 J1 Apr. 20 v Apr. 30 JI $2,800 Apr. 30 J1 $2,600 Accounts Receivable No. 112 Date Explanation Ref Debit Credit Balance $5,100 J1 Apr. 10 $5,100 Supplies No. 126 Date Explanation Ref Debit Credit Balance Apr. 3 $4,000| $4,000 JI Accounts Payable No. 201 Date Explanation Ref Debit Credit Balance Apr. 3 JI $4,000 $4,000 JI Apr. 30 $2,600 Unearned Service Revenue No. 209 Date Explanation Ref Debit Credit Balance Apr. 11 JI $1,000 $1,000 Owner's Capital No. 301 Date Explanation Ref Debit Credit Balance Apr. 1 JI $20,000 $20,000 Service Revenue No. 400 Date Explanation Ref Debit Credit Balance Apr. 10 v JI $5,100 $5,100 Apr. 20 JI $2,100 Salaries and Wages Expense No. 726 Date Explanation Ref Debit Credit Balance Apr. 30 v JI $2,800 $2,800 Rent Expense No. 729 Date Explanation Ref Debit Credit Balance Apr. 2 v J1 $1,500 $1,500
Transcribed Image Text:Cash No. 101 Date Explanation Ref Debit Credit Balance Apr. 1 JI $20,000 $20,000 $1,500 18,500 JI Apr. 2 JI Apr. 11 $1,000 J1 Apr. 20 v Apr. 30 JI $2,800 Apr. 30 J1 $2,600 Accounts Receivable No. 112 Date Explanation Ref Debit Credit Balance $5,100 J1 Apr. 10 $5,100 Supplies No. 126 Date Explanation Ref Debit Credit Balance Apr. 3 $4,000| $4,000 JI Accounts Payable No. 201 Date Explanation Ref Debit Credit Balance Apr. 3 JI $4,000 $4,000 JI Apr. 30 $2,600 Unearned Service Revenue No. 209 Date Explanation Ref Debit Credit Balance Apr. 11 JI $1,000 $1,000 Owner's Capital No. 301 Date Explanation Ref Debit Credit Balance Apr. 1 JI $20,000 $20,000 Service Revenue No. 400 Date Explanation Ref Debit Credit Balance Apr. 10 v JI $5,100 $5,100 Apr. 20 JI $2,100 Salaries and Wages Expense No. 726 Date Explanation Ref Debit Credit Balance Apr. 30 v JI $2,800 $2,800 Rent Expense No. 729 Date Explanation Ref Debit Credit Balance Apr. 2 v J1 $1,500 $1,500
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Step 1 Introduction

Ledgers: It is the main book or principal book of account. It is recording and totaling economic transaction measures in terms of a monetary unit of account type, with debits and credits in separate columns and a beginning monetary balance and ending monetary balance for each account.

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