On February 2020, Marlon Balista started his medical services in practice. During the month the following transactions were completed: FEBRUARY 1. Mr. Balista invested P150,000 in a new bank account in the name of Marlon Balista, M.D. 3. Purchased medical equipment costing P62.000, paying P20,000 cash and the balance on notes payable. 4. Bought medical supplies for cash, P12,000. 7. Paid rent for the month, P6,000. 8. Received P15,000 for medical services rendered. 10. Acquired table & chairs on account, P8,500 13. Billed medical services to a client, P34,000 15. Paid salaries to employees, P26,400 17. Paid another doctor for preparing laboratory services on a patient, P3,000 20. Paid creditors on account, P2,500 22. Paid insurance premium for the quarter, P4,700. 23. Paid miscellaneous expenses, P2,200. 25. Received P34,000 from patient on account. 27. Paid salaries of medical technician and other employees, P58,500 28. Received cash from cash patients, P68,500

While passing a journal entry for the following transaction which account would be debited? "Commission of $5,000 received"

The following transactions occurred for Luminary Engineering: View the transactions. Journalize the transactions of Luminary Engineering. Include an explanation with each journal entry. Use the following accounts: Cash; Accounts Receivable; Supplies; Equipment; Accounts Payable; Notes Payable; Luminary, Capital; Luminary, Withdrawals; Service Revenue; and Utilities Expense. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) July 2: Received $15,000 contribution from Bobby Luminary, owner, in exchange for capital. Date Jul. 2 Transactions Jul. 2 Accounts and Explanation Jul. 4 Jul. 5 Jul. 10 Jul. 12 Jul. 19 Jul. 21 Jul. 27 Debit Received $15,000 contribution from Bobby Luminary, owner, in exchange for capital. Paid utilities expense of $440. Purchased equipment on account, $2,600. Performed services for a client on account, $3,500. Borrowed $7,200 cash, signing a notes payable. Luminary withdrew $650 cash from the business. Purchased…

Prepare a journal entry on August 13 for cash received for services rendered, $10,150. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered.