Derrick Wells decided
to start a dental practice. The first five transactions for the
business follow.
|
Cash |
Equipment |
||||||||||
Transaction #1 |
$75,000 |
Transaction #2 |
$15,000 |
||||||||
Transaction #3 |
$7,500 |
$15,000 |
Transaction #2 |
||||||||
$2,300 |
Transaction #4 |
||||||||||
$1,500 |
Transaction #5 |
Bal. |
$15,000 |
||||||||
Bal. |
$63,700 |
||||||||||
Fees Income |
Advertising Expense |
||||||||||
$7,500 |
Transaction #3 |
Transaction #4 |
$2,300 |
||||||||
Bal. |
$7,500 |
Bal. |
$2,300 |
||||||||
Supplies |
Derrick Wells, Capital |
||||||||||
Transaction #5 |
$1,500 |
$75,000 |
Transaction #1 |
||||||||
Bal. |
$1,500 |
Bal. |
$75,000 |
||||||||
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