Savannah Company invested cash into the business, purchased equipment and supplies both with cash and on account, sold inventory to customers on account and received some cash payments from customers. They also paid creditors, withdrew cash for personal use, borrowed money from the bank, and paid expenses like salaries, rent, advertising and a computer.
Maria Juarez invested cash into starting her dental business. She hired a secretary, paid rent and purchased supplies on account. She provided services and billed insurance companies. She received a cash advance and payment for services. She paid her secretary and her supplies account.
Savannah Company invested cash into the business, purchased equipment and supplies both with cash and on account, sold inventory to customers on account and received some cash payments from customers. They also paid creditors, withdrew cash for personal use, borrowed money from the bank, and paid expenses like salaries, rent, advertising and a computer.
Maria Juarez invested cash into starting her dental business. She hired a secretary, paid rent and purchased supplies on account. She provided services and billed insurance companies. She received a cash advance and payment for services. She paid her secretary and her supplies account.
Savannah Company invested cash into the business, purchased equipment and supplies both with cash and on account, sold inventory to customers on account and received some cash payments from customers. They also paid creditors, withdrew cash for personal use, borrowed money from the bank, and paid expenses like salaries, rent, advertising and a computer.
Maria Juarez invested cash into starting her dental business. She hired a secretary, paid rent and purchased supplies on account. She provided services and billed insurance companies. She received a cash advance and payment for services. She paid her secretary and her supplies account.
Savannah Company invested cash into the business, purchased equipment and supplies both with cash and on account, sold inventory to customers on account and received some cash payments from customers. They also paid creditors, withdrew cash for personal use, borrowed money from the bank, and paid expenses like salaries, rent, advertising and a computer.
Maria Juarez invested cash into starting her dental business. She hired a secretary, paid rent and purchased supplies on account. She provided services and billed insurance companies. She received a cash advance and payment for services. She paid her secretary and her supplies account.
(1) The first month transactions of Savanah Company was the
following: 1- Invested $30,000 cash in business 2- Paid $500 cash for advertising 3- Purchased equipment for $7000 on cash 4- Sold $4000 inventory to customers on account 5- Purchased supplies on account for $700 6- Received $3200 cash from customers in transaction 4 7- Paid creditors $400 cash on balance owed 8- withdrew $1500 cash for personal use 9- borrowed $5000 from the bank by signing a note 10- paid $2000 for a computer 11- paid salaries of 600 for the employee Instructions Journalize the transactions
(2) Maria Juarez is a licensed dentist. During the first month of
the operation of her business, the following events and transactions occurred. Invested $40000 cash Hired a secretary-receptionist at salary of $600 per week payable monthly Paid office rent for the month $1000 Purchased dental supplies on account from smile company $4000 Provide dental service and billed insurance companies $5100 Received $1000 cash advance from Trudy Borke for an implant Received $2100 cash for service completed and delivered to john Stanley. Paid secretary-receptionist for the month $2400 Paid $1600 to smile company for account payable due Instructions Journalize the transactions