Prepare journal entries for the chapter two illustrative problem on page 84. Only prepare journal en
Prepare journal entries for the chapter two illustrative problem on page 84. Only prepare journal entries.
utive Problem J. F. Outz, M.D., has been practicing as a cardiologist for three years. During April 2018, Outz completed the following transactions in her practice of cardiology: Apr. 1. Paid office rent for April, $800. 3. Purchased equipment on account, $2,100. 5. Received cash on account from patients, $3,150. 8. Purchased X-ray film and other supplies on account, $245. 9. One of the items of equipment purchased on April 3 was defective. It was re- turned with the permission of the supplier, who agreed to reduce the account for the amount charged for the item, $325. 12. Paid cash to creditors on account, $1,250. 17. Paid cash for renewal of a six-month property insurance policy. $370. 20. Discovered that the balances of the cash account and the accounts payable account as of April 1 were overstated by $200. A payment of that amount to a creditor in March had not been recorded. Journalize the $200 payment as of April 20. 24. Paid cash for laboratory analysis, $545. 27. Dr. Outz withdrew $1.250 for personal use. $1.720. 30. Recorded the cash received in payment of services to patients during April, 30. Paid salaries of receptionist and nurses, $1,725. 30. Paid various utility expenses, 5360 30. Recorded fees charged to patients on account for services performed in April, 55.115 30 Paid miscellaneous expenses, 5132 Out i les, numbers and balances as of April i ull normal balances are listed © A do) 19 AM 1/15/2020 5
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