- equipment insurance
- paid email service
- paid sms service
Adam Singh, D.D.S., opened an incorporated dental practice on January 1, 2012. During the first month of operations the following transactions occurred:
1. Performed services for patients who had dental plan insurance. At January 31, $930 of such services was earned but not yet billed to the insurance companies.
2. Utility expenses incurred but not paid prior to January 31 totaled $600.
3. Purchased dental equipment on January 1 for $86,180, paying $20,310 in cash and signing a $65,870, 3-year note payable (Interest is paid each December 31). The equipment depreciates $400 per month. Interest is $620 per month.
4. Purchased a 1-year malpractice insurance policy on January 1 for $24,000.
5. Purchased $2,680 of dental supplies (recorded as increase to Supplies). On January 31 determined that $570 of supplies were on hand.
Prepare the adjusting entries on January 31.
*This Format*
http://www.flickr.com/photos/101024393@N07/10352000444/
1. Performed services for patients who had dental plan insurance. At January 31, $930 of such services was earned but not yet billed to the insurance companies.
2. Utility expenses incurred but not paid prior to January 31 totaled $600.
3. Purchased dental equipment on January 1 for $86,180, paying $20,310 in cash and signing a $65,870, 3-year note payable (Interest is paid each December 31). The equipment depreciates $400 per month. Interest is $620 per month.
4. Purchased a 1-year malpractice insurance policy on January 1 for $24,000.
5. Purchased $2,680 of dental supplies (recorded as increase to Supplies). On January 31 determined that $570 of supplies were on hand.
Prepare the adjusting entries on January 31.
*This Format*
http://www.flickr.com/photos/101024393@N07/10352000444/
Accounting Help! Prepare the adjusting entries on January 31.?
没有评论:
发表评论