Listed below are the transactions of Shigeki Muruyama, D.D.S., for the month of September.

Sept. 1 Muruyama begins practice as a dentist and invests $20,000 cash.

2 Purchases furniture and dental equipment on account from Green Jacket Co. for $17,280.

4 Pays rent for office space, $680 for the month.

4 Employs a receptionist, Michael Bradley.

5 Purchases dental supplies for cash, $942.

8 Receives cash of $1,690 from patients for services performed.

10 Pays miscellaneous office expenses, $430.

14 Bills patients $5,120 for services performed.

18 Pays Green Jacket Co. on account, $3,600.

19 Withdraws $3,000 cash from the business for personal use.

20 Receives $980 from patients on account.

25 Bills patients $2,110 for services performed.

30 Pays the following expenses in cash: office salaries $1,400; miscellaneous office expenses $85.

30 Dental supplies used during September, $330.

Instructions

(a) Enter the transactions shown above in appropriate general ledger accounts (use T-accounts). Use the following ledger accounts: Cash; Accounts Receivable; Supplies on Hand; Furniture and Equipment; Accumulated Depreciation; Accounts Payable; Shigeki Muruyama, Capital; Service Revenue; Rent Expense; Miscellaneous Office Expense; Office Salaries Expense; Supplies Expense; Depreciation Expense; and Income Summary. Allow 10 lines for the Cash and Income Summary accounts, and 5 lines for each of the other accounts needed. Record depreciation using a 5-year life on the furniture and equipment, the straight-line method, and no salvage value. Do not use a drawing account.

(b) Prepare an adjusted trial balance.

(c) Prepare an income statement, an unclassified balance sheet, and a statement of owner’s equity.

(d) Close the ledger.

(e) Prepare a post-closing trial balance.