I NEED HELP ASAP!!!! Prepare the journal entries to record the following transactions for...
60.1K
Verified Solution
Link Copied!
Question
Accounting
I NEED HELP ASAP!!!!
Prepare the journal entries to record the following transactions for Sydney Dental Surgery in June 2021. Dates and narrations are required.
1 June: Dennis, the owner, made the following contributions to start the business. $500,000 cash and equipment valued at $150,000.
4 June: Paid $6,000 insurance premium for the next 6 months.
10 June: The business bought Dental Equipment for $30,000. A deposit of $15,000 was paid in cash and the remainder is on credit.
15 June: Received $5,500 cash for services performed.
20 June: Interest received from a bank account was $4,500.
25 June: Cash of $20,000 was received for services to be provided in July.
28 June: Owner paid $8,000 wages to staff from his personal account.
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.