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  • Journal Entry

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    JEYASHREE ESTEBAN
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    The document shows accounting transactions from January 01 to January 30 that include cash receipts and payments, purchases of assets, revenue from medical fees, salaries and supplies expenses, and distributions. Key transactions include a $50,000 capital investment, $15,000 in furniture purchases, $200,000 in medical equipment purchases financed through a note payable, and revenues of $32,500, $17,500, and $15,000 from medical fees. Expenses included $9,500 in salaries, $8,000 in rent and $2,000 in utilities.

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    Accounting

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    The document shows accounting transactions from January 01 to January 30 that include cash receipts and payments, purchases of assets, revenue from medical fees, salaries and supplies expenses, and distributions. Key transactions include a $50,000 capital investment, $15,000 in furniture purchases, $200,000 in medical equipment purchases financed through a note payable, and revenues of $32,500, $17,500, and $15,000 from medical fees. Expenses included $9,500 in salaries, $8,000 in rent and $2,000 in utilities.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    27 views3 pages

    Journal Entry

    Uploaded by

    JEYASHREE ESTEBAN
    The document shows accounting transactions from January 01 to January 30 that include cash receipts and payments, purchases of assets, revenue from medical fees, salaries and supplies expenses, and distributions. Key transactions include a $50,000 capital investment, $15,000 in furniture purchases, $200,000 in medical equipment purchases financed through a note payable, and revenues of $32,500, $17,500, and $15,000 from medical fees. Expenses included $9,500 in salaries, $8,000 in rent and $2,000 in utilities.

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    © All Rights Reserved
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    of 3

    Date Accounts Title Debit Credit

    January 01 NO ENTRY

    January 03 Cash 50,000


    Dela Cruz, Capital 50,000

    January 05 Furniture and Fixture 15,000


    Accounts Payable 15,000

    January 10 Medical Supplies 5,000


    Cash 5,000

    January 14 Cash 6,000


    Medical fees Revenue 6,000

    January 14 Accounts Receivable 32,500


    Medical fees Revenue 32,500

    January 15 Salaries Expense 9,500


    Cash 9,500

    January 16 Medical Equipment 200,000


    Notes payable 200,000

    January 17 Cash 17,500


    Medical Fees 17,500
    Revenue

    January 17 Cash 10,000


    Accounts Receivable 10,000

    January 18 Dela Cruz, Withdrawal 750


    Cash 750

    January 20 Accounts Receivable 15,000


    Medical fees 15,000
    Revenue

    January 22 Accounts Payable 5,000


    Cash 5,000

    January 24 Cash 12,000


    Medical fees Revenue 12,000

    January 25 Notes Payable 50,000


    Cash 50,000

    January 28 Medical fee Revenue 30,000


    Accounts Receivable 15,000
    Cash 15,000
    January 29 Utilities Expense 2,000
    Cash 2,000

    January 29 Rent Expense 8,000


    Cash 8,000

    January 29 Salaries Expense 9,500


    Cash 9,500

    January 30 Medical Supplies 3,000


    Cash 3,000

    Cash
    March 3 50,000 March 10 5,000
    March 14 6,000 March 15 9,500
    March 17 17,500 March 18 750
    March 17 10,000 March 22 5,000
    March 24 12,000 March 25 50,000
    March 28 15,000
    March 29 2,000
    8,000
    9,500
    3,000
    95,500 - 107,750
    12,250

    Furniture & Fixtures Medical Supplies

    March 05 15,000 March 10 5,000


    March 30 3,000

    8,000

    Medical Equipment Cash – 12,250


    March 03 30,000 Furniture & Fixture 15,000
    March 16 200,000 Medical Supplies 8,000
    Medical Equipment 230,000
    230,000 Total Assets 265,250
    Salaries Expense Utilities Expense

    March 15 9,500 March 29 2,000


    March 29 9,500

    19,000

    Rent Expense

    March 29 8,000

    Accounts Payable

    March 22 5,000 March 05 15,000

    10,000

    Notes Payable

    March 25 50,000 March 16 200,000 Accounts Payable = 10,000


    Notes Payable = 150,000
    Rent Expense = 8,000
    Salaries Expense = 19,000
    Utilities Expense = 2,000

    150,000 total Liablities 189,000

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