Oct. 1 The clinic issued 4,000 additional shares of capital stock to Doctor Soges at $50 per share. Oct. 4 The clinic purchased diagnostic equipment. The equipment cost $75,000, of which $25,000 was paid in cash; a note payable was issued for the balance. Oct. 12 Issued a check for $9,000 in full payment of an account payable to Zeller Laboratories. Oct. 19 Purchased surgical supplies for $2,600. Payment is not due until November 28. Oct. 25 Collected a $24,000 account receivable from Health One Insurance Company. Oct. 30 Declared and paid a $300,000 cash dividend to stockholders. Record the above selected transactions in general journal form for Sun Orthopedic Clinic, Inc. (Omit the "$" sign in your response.) Date General Journal Debit Credit Oct. 1 Cash 200,000 Capital stock 200,000 4 Diagnostic equipment 75,000 Cash Notes payable 12 Accounts payable 9,000 Cash 9,000 19 Surgical supplies 2,600 Accounts payable 2,600 25 Cash 24,000 Accounts receivable 24,000 30 Dividends 300,000 Cash 300,000 ________________________________________ eBook Links (3)

Oct.   1	The clinic issued 4,000 additional shares of capital stock to Doctor Soges at $50 per share.
Oct.   4	The clinic purchased diagnostic equipment. The equipment cost $75,000, of which $25,000 was paid in cash; a note payable was issued for the balance.
Oct. 12	Issued a check for $9,000 in full payment of an account payable to Zeller Laboratories.
Oct. 19	Purchased surgical supplies for $2,600. Payment is not due until November 28.
Oct. 25	Collected a $24,000 account receivable from Health One Insurance Company.
Oct. 30	Declared and paid a $300,000 cash dividend to stockholders.

  

Record the above selected transactions in general journal form for Sun Orthopedic Clinic, Inc. (Omit the "$" sign in your response.)

   

Date	General Journal	Debit	Credit
Oct. 1	Cash	200,000
	Capital stock		200,000
4	Diagnostic equipment	75,000
	Cash
	Notes payable
12	Accounts payable	9,000
	Cash		9,000
19	Surgical supplies	2,600
	Accounts payable		2,600
25	Cash	24,000
	Accounts receivable		24,000
30	Dividends	300,000
	Cash		300,000

eBook Links (3)