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Dental Clinic Financial Transactions

This general journal records transactions from May 1-31 for a dental clinic. It includes purchases of dental supplies and equipment, payment of rent and utilities, revenue from services provided to customers, wages paid to an employee, and payments and receipts on accounts payable and receivable. The journal tracks cash payments and receipts as well as increases and decreases in asset, liability, revenue, and expense accounts.

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Darren Ace Salazar
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99 views2 pages

Dental Clinic Financial Transactions

This general journal records transactions from May 1-31 for a dental clinic. It includes purchases of dental supplies and equipment, payment of rent and utilities, revenue from services provided to customers, wages paid to an employee, and payments and receipts on accounts payable and receivable. The journal tracks cash payments and receipts as well as increases and decreases in asset, liability, revenue, and expense accounts.

Uploaded by

Darren Ace Salazar
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd

GENERAL JOURNAL

Date: Description Post Ref. Debit Credit


1-May Cash 150,000
Capital Investment 150,000
Investment in dental clinic

Rent Expense 8,400


Cash 8,400
Rent paid for the month

2-May Dental Supplies Expense 10,750


Cash 10,750
Purchase of dental supplies

3-May Dental Equipment 245,000


Cash 45,000
Notes Payable 200,000
Purchase of dental equipment

5-May Cash 8,200


Service Revenue 8,200
Provided service to customer

9-May Utility Expense 2,680


Cash 2,680
Paid utility bills -water and electricity

10-May Accounts Receivable 19,500


Service Revenue 19,500
Provided services on account

14-May Dental Supplies Expense 7,420


Accounts Payable 7,420
Purchase of dental supplies

15-May Wages Expense 4,190


Cash 4,190
Paid employee aide

16-May Accounts Payable 1,640


Dental Supplies 1,640
Returned defective dental supplies
18-May Cash 7,800
Accounts Receivable 7,800
Received cash on accounts receivable from patients

22-May Accounts Payable 5,780


Cash 5,780
Paid dental supplies purchased on account last May 14

25-May Mecha mecha, Drawing 5,000


Cash 5,000
Mecha mecha withdrew cash for personal use

31-May Accounts Payable 50,000


Cash 50,000
Paid first installment on notes payable on dental equipment

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