Question

Mar 6: Beared invested $139000 in the business, which in turn issued its common stock to her.

MarMar 6		BeardBeard invested $ 139 comma 000$139,000 in the business, which in turn issued its common stock to her.
9		The business paid cash for land costing $ 62 comma 000$62,000. BeardBeard plans to build an office building on the land.
12		The business purchased medical supplies for $ 2 comma 200$2,200 on account.
15		Dr. Sarah BeardDr. Sarah Beard , P.C., officially opened for business.
15-31		During the rest of the month, BeardBeard treated patients and earned service revenue of $ 9 comma 500$9,500 , receiving cash for half the revenue earned.
15-31		The business paid cash expenses: employee salaries, $ 2 comma 700$2,700 ; office rent, $ 1 comma 300$1,300 ; utilities, $ 1 comma 700$1,700.
31		The business sold supplies to another physician for cost of $ 500$500 and received cash.
31		The business borrowed $ 34 comma 000$34,000 , signing a note payable to the bank.
31		The business paid $ 1 comma 000$1,000 on account.

Record the transactions in the journal of

Dr. Sarah BeardDr. Sarah Beard ,

P.C. List the transactions by date and give an explanation for each transaction

Answer 1