Record the journal entries for January 2008
transactions:
Jan 2 Jerry invested $20,000 cash and
$13,200 worth of dental equipment in the business in exchange for common stock
in a new corporation called J.A. Dentist, Inc.
Jan 3 Paid two monthsâ rent of $2,000.
Jan 4 Purchases $1,000 of dental supplies
and paid cash.
Jan 4 Paid insurance premiums of $3,600 for
a 1-year insurance policy.
Jan 6 Earned and collected dental fees of
$14,600 in cash during the week.
Jan 9 Paid secretary a salary of $1,200
Jan 10 Purchased $300 of dental supplies on
account.
Jan 11 Bought an automobile for business
use. It cost $13,000. Jerry paid $3,000 cash and signed anote payable for the
balance.
Jan 13 Received a $240 telephone bill that
will be paid later.
Jan 13 Billed customers $6,000 for dental
fees earned during the week.
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more