Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. question 4 during october 2016, paws veterinary cl

Question 4 During October 2016, Paws Veterinary Clinic completed the following transactions: Oct 1 4...

90.2K

Verified Solution

Question

Accounting

image

image

Question 4 During October 2016, Paws Veterinary Clinic completed the following transactions: Oct 1 4 5 11 16 17 18 22 29 31 31 Paws received $30,000 cash and issued common shares to shareholders Purchased supplies, $1,000, and equipment, $2,600 on account Performed checkup services, and received cash, $1,500 Paid cash to acquire land for an office site, $22,000 Performed a surgery on a sick cat, and billed the customer $500 Paid for the equipment, purchased Oct 4 on account Paid the telephone bill, $95 Received partial payment from client on account, $250 Paid the water and electricity bills, $400 Received $2,000 cash for conducting a workshop on "Healthy Cat Living Paid employee salary, $1,300 Declared and paid dividends of $1,500 1. Record each transaction in the journal. Key each transaction by date. Explanations are not required. 2. Prepare the trial balance of Paws at October 31, 2016

Answer & Explanation Solved by verified expert
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!
Become a Member

Other questions asked by students