Maurice Tutor

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Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 15 Feb 2018 My Price 4.00

Meghan Lindh

Exercise 3-8 Meghan Lindh, D.D.s, opened a dental practice on January 1, 2017. During the first month of operations, the following transactions oocurred. 1. Performed services for patients who had dental plan insurance. At January 31, $890 of such services were performed but not yet recorded. 2. Utility expenses incurred but not paid prior to January 31 totaled $690. 3. Purchased dental equipment on January 1 for $86,000, paying $21,000 in cash and signing a $65,000, 3-year note payable. (a) The equipment depreciates $430 per month. (b) Interest is $550 per month, 4. purchased a one-year malpractice insurance policy on January 1 for $24,360. 5. Purchased $1.500 of dental supplies. On January 31, determined that $400 of supplies were on hand. Prepare the adjusting entries on January 31. Account titles are Accumulated Depreciation-Equipment, Depreciation Expense, Service Revenue, Accounts Receivable, Insurance Expense, Interest Expense, Interest Payable, Prepaid Insurance, Supplies, Supplies Expense, Utilities Expense, and Accounts payable. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Date 1. Jan. 31 2. Jan. 31 3, Jan. 31 4, Jan. 31. Meghan Lindh, D.O.S., opened a dental practice on January 1, 2017. During the first month of operations, the following transactions occurred. Prepare the adjusting entries on January 31. Account titles are Accumulated Depreciation-Equipment, Depreciation Expense, Service Revenue, Accounts Receivable, Insurance Expense, Interest Expense, Interest Payable. Prepaid Insurance, Supplies, Supplies Expense, Utilities Expense, and Accounts Payable. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

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Maurice Tutor
(5)
Status NEW Posted 15 Feb 2018 07:02 PM My Price 4.00

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