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Question: warren dental services transactions for jenuary 2015 name atnum transactions...

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WARREN DENTAL SERVICES Transactions for Jenuary 2015 NAME AtNum TRANSACTIONS Using your pencil, write in the entries for these transactions 1 J. wamen Dernal Servoes. 2 Wamen borrowed $20000 cash from Bank of America on a 1 year note payable. 3 Warren purchased supplies in the amount of $3000 on account 4 Waen purchased Dental Equipment in the amount of $30600 Warren invested $50000 cash in the business on account. Life of the Equipment is 3 years (36 months) 5 Expenees for the month were Rent, $1000 and Advertsing, $2500, both paid in cash 6 Revenue earned for she month was $1 1000 all on account 7Atotal of $7000 colected on account, nash Warren recorded depreciation of $850 for the month. Debit Depreciation Expense and credit Accumulated 9 Supplies used up amounted to $1,000. Debit Supplies Expense, credit Supplies 10 Warren Dental Income Statement 11 Warren Dental OE Statement REVENUE RENT EXP BEGINNING CAPITAL +NET INCOME SUBTOTAL ADVERT EX DEPR EXP SUPP EXP DRAWINGS ENDING CAPITAL TOTAL EXP NET INCOME 2 Warren Dental Balance Sheet CASH ACCTS RECEIVABLE SUPPLIES EQUIPMENT ACC DEPA TOTAL ASSETS-T - ACCTS PAYABLE NOTES PAYABLE S TOTAL LIAB WAAREN CAPITAL TOTAL LIAB & OE S
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