Maria Juarez is a licensed dentist. During the first month of the operation of her business, the…

 
   

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Maria Juarez is a licensed dentist. During the first month of the operation of her business, the following events and transactions occurred.

April 1 Invested $40,000 cash.

1 Hired a secretary-receptionist at a salary of $600 per week payable monthly.

2 Paid office rent for the month $1,000.

3 Purchased dental supplies on account from Smile Company $4,000.

10 Provided dental services and billed insurance companies $5,100.

11 Received $1,000 cash advance from Trudy Borke for an implant.

20 Received $2,100 cash for services completed and delivered to John Stanley.

30 Paid secretary-receptionist for the month $2,400.

30 Paid $1,600 to Smile Company for accounts payable due.

Maria uses the following chart of accounts: No. 101 Cash, No. 112 Accounts Receivable, No. 126 Supplies, No. 201 Accounts Payable, No. 205 Unearned Revenue, No. 301 Maria Juarez, Capital; No. 400 Service Revenue, No. 726 Salaries Expense, and No. 729 Rent Expense.

Instructions

(a) Journalize the transactions.

(b) Post to the ledger accounts.

(c) Prepare a trial balance on April 30, 2010.