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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 |
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Case Analysis for Docs in a Box Inc
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Docs in a Box, Inc. |
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GENERAL LEDGER |
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Sr. No. |
Details |
Account |
Ref |
Debit |
Credit |
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1 |
Cash contributed by two physicians |
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Cash |
1001 |
65000 |
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Common Stock |
2001 |
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65000 |
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2 |
Center took a one-year note, at 10% |
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Cash |
1001 |
15000 |
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Notes Payable |
2002 |
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15000 |
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3 |
Acquisition of equipment & furniture against cash |
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Equipment & Furniture |
1002 |
36000 |
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Cash |
1001 |
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36000 |
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4 |
Acquisition of medical supplies on credit |
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Medical Supplies |
1003 |
25000 |
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Accounts Payable |
2003 |
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25000 |
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5 |
Rental expense for December |
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Rent Expense |
3001 |
6000 |
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Cash |
1001 |
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6000 |
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6 |
Earned revenue for December |
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Cash |
1001 |
32000 |
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Accounts Receivable |
1004 |
8000 |
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Revenue |
4001 |
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40000 |
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7 |
Semimonthly wages paid in cash |
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Salaries Expense |
3002 |
4000 |
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Cash |
1001 |
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4000 |
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8 |
Payments received from clients |
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Cash |
1001 |
3000 |
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Accounts Receivable |
1004 |
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3000 |
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9 |
Payment made for the purchase of supplies |
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Accounts Payable |
2003 |
21000 |
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Cash |
1001 |
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21000 |
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Sr. No. |
Details |
Account |
Ref |
Debit |
Credit |
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10 |
Supplies used in the month of December |
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Supplies Expense |
3003 |
10000 |
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Medical Supplies |
1003 |
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10000 |
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11 |
Semimonthly wages to be paid on 2nd January |
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Salaries Expense |
3002 |
4500 |
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Salaries Payable |
2004 |
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4500 |
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12 |
Principal repaid on Note |
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Notes Payable |
2002 |
1250 |
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Cash |
1001 |
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1250 |
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13 |
Depreciation on equipment and furniture |
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Depreciation Expense |
3004 |
300 |
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Accumulated Depreciation |
1005 |
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300 |
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