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    AERON RUNGDUEN - Workbook - Comprehensive Problem - General Journal

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    Aeron Rungduen
    The general journal document records transactions for a medical business between October 1-30, 2020. On October 1, the business received a capital investment of $250,000 and purchased land for $250,000 and a medical building for $1,000,000 by issuing notes payable. It also purchased medical supplies and equipment by paying $39,000 and $420,000 in cash and issuing notes payable. Throughout the month, the business recorded various cash receipts, payments, expenses and withdrawals.

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    AERON RUNGDUEN - Workbook - Comprehensive Problem - General Journal

    Uploaded by

    Aeron Rungduen
    36 views10 pages
    The general journal document records transactions for a medical business between October 1-30, 2020. On October 1, the business received a capital investment of $250,000 and purchased land for $250,000 and a medical building for $1,000,000 by issuing notes payable. It also purchased medical supplies and equipment by paying $39,000 and $420,000 in cash and issuing notes payable. Throughout the month, the business recorded various cash receipts, payments, expenses and withdrawals.

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    AERON RUNGDUEN - Workbook_Comprehensive Problem - General Journal

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    The general journal document records transactions for a medical business between October 1-30, 2020. On October 1, the business received a capital investment of $250,000 and purchased land for $250,000 and a medical building for $1,000,000 by issuing notes payable. It also purchased medical supplies and equipment by paying $39,000 and $420,000 in cash and issuing notes payable. Throughout the month, the business recorded various cash receipts, payments, expenses and withdrawals.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    36 views10 pages

    AERON RUNGDUEN - Workbook - Comprehensive Problem - General Journal

    Uploaded by

    Aeron Rungduen
    The general journal document records transactions for a medical business between October 1-30, 2020. On October 1, the business received a capital investment of $250,000 and purchased land for $250,000 and a medical building for $1,000,000 by issuing notes payable. It also purchased medical supplies and equipment by paying $39,000 and $420,000 in cash and issuing notes payable. Throughout the month, the business recorded various cash receipts, payments, expenses and withdrawals.

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    © All Rights Reserved
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    of 10

    GENERAL JOURNAL

    YearMonth Day Particulars Ref Debit


    2020 Oct 1 Cash 250,000.00
    Marasigan, Capital

    Land 250,000.00
    Medical Building 1,000,000.00
    Cash
    20% Notes Payable

    Medical Supplies 39,000.00


    Medical Equipment 420,000.00
    Cash
    24% Notes Payable

    2 Prepaid Insurance 20,000.00


    Cash

    4 Cash 117,000.00
    Medical Revenues

    7 Medical Supplies 17,000.00


    Accounts Payable

    10 Salaries Expense 73,000.00


    Cash

    12 Cash 90,000.00
    Unearned Research Revenues
    18 Accounts Receivable 317,000.00
    Medical Revenues

    21 Repairs Expense 23,000.00


    Cash

    23 Telephone Expense 3,000.00


    Cash

    24 Medical Equipment 45,000.00


    Accounts Payable

    25 Cash 113,000.00
    Accounts Receivable

    27 Accounts Payable 13,000.00


    Cash

    30 Marasigan, Withdrawals 200,000.00


    Cash

    Association Dues Expense 15,000.00


    Cash

    AJE
    30
    Credit Cash
    Debit Credit
    250,000.00 BB
    1-Oct 1-Oct
    3-Oct 1-Oct
    12-Oct 2-Oct
    50,000.00 25-Oct 3-Oct
    1,200,000.00 21-Oct
    23-Oct
    27-Oct
    30-Oct
    59,000.00 30-Oct
    400,000.00
    ( -  ) EB Debit Balance
    ( -  ) ( -  )
    20,000.00

    117,000.00

    17,000.00

    73,000.00

    90,000.00
    317,000.00

    23,000.00

    3,000.00

    45,000.00

    113,000.00

    13,000.00

    200,000.00

    15,000.00

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