Record these transactions into a general journal form for Tiffany's orthopedic clinic

Oct 1
Debit cash $200,000
Credit common stock $200,000
To record the sale of 4000 shares of stock to Dr Soges at $50 per share. Comment: we don't know if part should be capital and part additional paid in capital, but it is all equity.

Oct 4
Debit equipment $75,000
Credit cash $25,000
Credit note payable $50,000
To record the purchase of diagnostic equipment with a total cost of $75,000 including a note payable of $50,000 with terms of.... We record the total purchase even though it has not all been paid.

Oct 12
Debit account payable $9000
Credit cash $9000
To record the full payment of an account payable to Zeller Lab. In accrual accounting, the invoice would have been recorded last month.

Oct 19
Debit Supplies inventory (or maybe supplies expense) $2600
Credit accounts payable $2600
To record the purchase of surgical supplies on open accounts payable; invoice due Nov 28. Depending on how long it takes the clinic to use the supplies will determine whether they are recorded as supplies inventory (asset) or directly expensed). If the supplies are normally used up in the accounting period (one months), they would be directly expensed in this entry.

Oct 25
Debit cash $24,000
Credit accounts receivable $24,000
To record the receipt of an accounts receivable from Health One. The statement to Health One would have been recorded last month.

Oct 30
Debit Dividends Paid $300,000
Credit Cash $300,000
To record the payment of dividends to common stockholders. Normally the details of how much per share would be disclosed. In thinking through this transaction, the net effect on the balance sheet is to reduce assets and to reduce capital, the result of which is decapitalization of this company.