Superb Professors

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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