Use the September transaction data for Otis Carpenter, M.D., P.C. Requirements 1. Open the following T-accounts: Cash,

Question:

Use the September transaction data for Otis Carpenter, M.D., P.C.

Requirements

1. Open the following T-accounts: Cash, Accounts receivable, Medical supplies, Accounts payable, Common stock, Service revenue, and Rent expense.

2. After making the journal entries, post to the T-accounts. No dates or posting references are required. Compute the balance of each account, and denote it as Bal.

3. Prepare the trial balance, complete with a proper heading, at September 3, 2010.

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