Journalizing the transactions during the month of April is as follows:
Journal Entries:
April 1 Debit Cash $19,000
Credit Common Stock $19,000
To record the issuance of stock for cash.
April 2 Debit Office Rent Expense $1,200
Credit Cash $1,200
To record the payment for rent expense for the month.
April 3 Debit Dental Supplies $4,900
Credit Accounts Payable (Dazzle Company) $4,900
To record the purchase of supplies on account.
April 10 Debit Accounts Receivable $5,100
Credit Service Revenue $5,100
To record the services performed on account.
April 11 Debit Cash $1,300
Credit Deferred Revenue (Leah Mataruka) $1,300
To record cash received in advance for an implant.
April 20 Debit Cash $2,700
Credit Service Revenue $2,700
To record receipt of cash for services performed.
April 30 Debit Salary Expense $2,800
Credit Cash $2,800
To record the payment of salary for the month.
April 30 Debit Accounts Payable (Dazzle Company) $3,140
Credit Cash $3,140
To record payment on account.
Data Analysis:
April 1 Cash $19,000 Common Stock $19,000
April 1 Hired a secretary-receptionist at a salary of $700 per week payable monthly.
April 2 Office Rent Expense $1,200 Cash $1,200
April 3 Dental Supplies $4,900 Accounts Payable (Dazzle Company) $4,900
April 10 Accounts Receivable $5,100 Service Revenue $5,100
April 11 Cash $1,300 Deferred Revenue (Leah Mataruka) $1,300
April 20 Cash $2,700 Service Revenue $2,700
April 30 Salary Expense $2,800 Cash $2,800
April 30 Accounts Payable (Dazzle Company) $3,140 Cash $3,140
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