Accounts & Beginning Balances McMuffin's Clinic 1/31/2022 Cash 80,000 Notes Payable 88,000 Accounts Receivable 42,000 Common Stock 150,000 Office Supplies 11,000 Retained Earning 72,000 Building 74,000 Patient Service Revenue0 Land 46,000 Income Tax Expense 0 Office Fixtures and Equipment 29,000 Compensation Expense 0 Medical Instruments 63,000 Insurance Expense 0 Accounts Payable 35,000 Utilities Expense 0
Journal Entries for McMuffin's Clinic during January 2022 DateAccountDebitCredit 1/1/2022 Land 32,000 Cash 32,000 1/2/2022 Cash 35,000 Common Stock35,000 1/5/2022 Cash 30,000 Accounts receivable 30,000 Services rendered 60,000 1/6/2022 Equipment 45,000 Cash 25,000 Notes Payable 20,000 1/8/2022 Cash 26,000 Accounts receivable 26,000 1/10/2022 Medical Inst.10,000 Accounts payable 10,000 1/14/2022 Office Supplies 14,000 Accounts payable 14,000 1/20/2022 Insurance 3,200 Accounts payable 3,200 1/26/2022 Income taxes 6,000 Cash6,000 1/27/2022 Accounts payable 5,500 Cash 5,500 1/28/2022 Salary 22,000 Cash 22,000 1/31/2022 Utilities 6,000 Cash 6,000
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