PB Judi Dench is a licensed dentist. During the first month of the operation of her
business, the following events and transactions occurred.
April Shareholders invested cash in exchange for ordinary shares.
Hired a secretaryreceptionist at a salary of per week payable monthly.
Paid office rent for the month
Purchased dental supplies on account from Halo Company
Performed dental services and billed insurance companies
Received cash advance from Rich Welk for an implant.
Received cash for services performed for Phil Stueben.
Paid secretaryreceptionist for the month
Paid to Halo Company for accounts payable due.
Judi uses the following chart of accounts: No Cash, No Accounts Receivable,
No Supplies, No Accounts Payable, No Unearned Service Revenue, No
Share CapitalOrdinary, No Service Revenue, No Salaries and Wages Expense,
and No Rent Expense.
Instructions
a Journalize the transactions.
b Post to the ledger accounts.
c Prepare a trial balance on April
Journalize transactions, post,
and prepare a trial balance.
c Trial balance totals
