Apr. 17. Paid cash for renewal of a six-month property insurance policy/ $370. 20. Discovered…

Apr. 17. Paid cash for renewal of a six-month property insurance
policy/ $370. 20. Discovered…
Apr. 17. Paid cash for renewal of a six-month property insurance
policy/ $370.
20. Discovered that the balances
of the cash account and the accounts payable account as of April 1 were
overstated by S200. A payment of that amount to a creditor in March had not
been recorded. Journalize the $200 payment as of April 20.
24. Paid cash for laboratory analysis, $545.
27. Paid cash from business bank
account for personal and family expenses, $1,250.
30. Recorded the cash received in
payment of services (on a cash basis) to pa­tients during April, $1,720.
30. Paid salaries of receptionist and nurses, $1,725.
30. Paid various utility expenses, $360.
30. Recorded fees charged to
patients on account for services performed in April, $5,145.
30. Paid miscellaneous expenses,
$132.
Outz’s account titles, numbers, and balances as of April 1 (all
normal balances) are listed as follows: Cash, 11, $4,123; Accounts Receivable,
12, $6,725; Supplies, 13, $290; Prepaid Insurance, 14, $465; Equipment, 18,
$19,745; Accounts Payable, 22, $765; J. F. Outz,Capital, 31, $30,583; J. F.
Outz, Drawing, 32; Professional Fees, 41; Salary Expense, 51; Rent Expense, 53;
Laboratory Expense, 55; Utilities Expense, 56; Miscellaneous Expense, 59.
Instructions
1.
Open a ledger of standard four-column
accounts for Dr. Outz as of April 1. Enter the balances in the appropriate
balance columns and place a check mark (?) in the Posting Reference column. (Hint: Verify the
equality of the debit and credit bal­ances in the ledger before proceeding with
the next instruction.)
2.
Journalize each transaction in a
two-column journal.
3.
Post the journal to the ledger,
extending the month-end balances to the appropri­ate balance columns after each
posting.
4.
Prepare an unadjusted trial
balance as of April 30.Mar 26 2022 01:10 PM

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