Answered step by step
Verified Expert Solution
Question
1 Approved Answer
1.Create journal entries for the above transaction 2.Prepare a trail balance 3.prepare an income statement.a retained earnings statement and unclassified balance sheet. 4.Prepare a post
1.Create journal entries for the above transaction
2.Prepare a trail balance
3.prepare an income statement.a retained earnings statement and unclassified balance sheet.
4.Prepare a post -closing trail balance.
Thanks a lot.
Listed below are the transactions of Yasunari Kawabata, D.D.S., for the month of September. Sept. 1 Kawabata begins practice as a dentist, invests $20,000cash, and issues 2,000 shares of $10 par stock. 2 Purchases 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 $5,820 for services performed. 18 Pays Green Jacket Co. on account, $3,600 19 Pays a dividend of $3,000cash. 20 Receives $980 from patients on account 25 Bills patients $2,110 for services performed. 30 Pays the following expenses in cash: salaries and wages 51,800 ; miscellaneous office expenses $85. 30 Dental supplies used during September, $330 [ 30 Depreciation of dental equipment purchased on September 2ndStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started