first month of the operation of her business, the following events and transactions occurred. April 1 Shareholders invested Tk. 40,000 cash in exchange for ordinary shares. 1 Hired a secretary-receptionist at a salary of Tk. 600 per week payable monthly. 2 Paid offi ce rent for the month Tk. 1,400. 3 Purchased dental supplies on account from Halo Company Tk. 5,200. 10 Provided dental services and billed insurance companies Tk. 6,600. 11 Received Tk. 1,000 cash advance from Rich Welk for an implant. 20 Received Tk. 2,100 cash for services completed and delivered to Phil Stueben. 30 Paid secretary-receptionist for the month Tk. 2,400. 30 Paid Tk. 1,900 to Halo Compan
Juthi is a licensed dentist. During the first month of the operation of her business, the following
events and transactions occurred.
April 1 Shareholders invested Tk. 40,000 cash in exchange for ordinary shares.
1 Hired a secretary-receptionist at a salary of Tk. 600 per week payable monthly.
2 Paid offi ce rent for the month Tk. 1,400.
3 Purchased dental supplies on account from Halo Company Tk. 5,200.
10 Provided dental services and billed insurance companies Tk. 6,600.
11 Received Tk. 1,000 cash advance from Rich Welk for an implant.
20 Received Tk. 2,100 cash for services completed and delivered to Phil Stueben.
30 Paid secretary-receptionist for the month Tk. 2,400.
30 Paid Tk. 1,900 to Halo Company for accounts payable due.
Judi uses the following chart of accounts: No. 101 Cash, No. 112
126 Supplies, No. 201 Accounts Payable, No. 209 Unearned Service Revenue, No. 311 Share
Capital—Ordinary, No. 400 Service Revenue, No. 726 Salaries and Wages Expense, and No.
729 Rent Expense.
Instructions
a) Prepare a tabular analysis of the above transactions
b) Journalize the transactions.
c) Post to the ledger accounts.
d) Prepare a
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