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Docs in a Box Inc Case Solution

Solution Id Length Case Author Case Publisher
1274 460 Words (7 Pages) David W. Young The Crimson Group : TCG141
This solution includes: A Word File A Word File and An Excel File An Excel File

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Case Analysis for Docs in a Box Inc Case Solution

Docs in a Box, Inc.

GENERAL LEDGER

 

 

 

 

 

 

Sr. No.

Details

Account

Ref

Debit

Credit

1

Cash contributed by two physicians

 

 

 

 

 

Cash

1001

65000

 

 

 

Common Stock

2001

 

65000

 

 

 

 

 

 

2

Center took a one-year note, at 10%

 

 

 

 

 

Cash

1001

15000

 

 

 

Notes Payable

2002

 

15000

 

 

 

 

 

 

3

Acquisition of equipment & furniture against cash

 

 

 

 

Equipment & Furniture

1002

36000

 

 

 

 

 

 

 

 

 

Cash

1001

 

36000

 

 

 

 

 

 

4

Acquisition of medical supplies on credit

 

 

 

 

 

Medical Supplies

1003

25000

 

 

 

Accounts Payable

2003

 

25000

 

 

 

 

 

 

5

Rental expense for December

 

 

 

 

 

Rent Expense

3001

6000

 

 

 

Cash

1001

 

6000

 

 

 

 

 

 

6

Earned revenue for December

 

 

 

 

 

Cash

1001

32000

 

 

 

Accounts Receivable

1004

8000

 

 

 

Revenue

4001

 

40000

 

 

 

 

 

 

7

Semimonthly wages paid in cash

 

 

 

 

 

Salaries Expense

3002

4000

 

 

 

Cash

1001

 

4000

 

 

 

 

 

 

8

Payments received from clients

 

 

 

 

 

Cash

1001

3000

 

 

 

Accounts Receivable

1004

 

3000

 

 

 

 

 

 

9

Payment made for the purchase of supplies

 

 

 

 

Accounts Payable

2003

21000

 

 

 

Cash

1001

 

21000

 

 

 

 

 

 

 

 

 

 

 

 

Sr. No.

Details

Account

Ref

Debit

Credit

10

Supplies used in the month of December

 

 

 

 

 

Supplies Expense

3003

10000

 

 

 

Medical Supplies

1003

 

10000

 

 

 

 

 

 

11

Semimonthly wages to be paid on 2nd January

 

 

 

 

Salaries Expense

3002

4500

 

 

 

Salaries Payable

2004

 

4500

 

 

 

 

 

 

12

Principal repaid on Note

 

 

 

 

 

Notes Payable

2002

1250

 

 

 

Cash

1001

 

1250

 

 

 

 

 

 

13

Depreciation on equipment and furniture

 

 

 

 

Depreciation Expense

3004

300

 

 

 

Accumulated Depreciation

1005

 

300


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