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4 4 5 8 Listed below are the transactions of Kevin Hall, D.D.S., for the month of September. Sept. 1 Hall begins practice as a

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4 4 5 8 Listed below are the transactions of Kevin Hall, D.D.S., for the month of September. Sept. 1 Hall begins practice as a dentist, invests $20,410 cash and issues 2,041 shares of $10 par stock. 2 Purchases dental equipment on account from Green Jacket Co. for $18,600. Pays rent for office space, $670 for the month. Employs a receptionist, Michael Bradley. Purchases dental supplies for cash $1,030. Receives cash of $1,790 from patients for services performed. Pays miscellaneous office expenses, $450. Bills patients $6,320 for services performed. Pays Green Jacket Co. on account, $3,420. Pays a dividend of $2,940 cash. 20 Receives $1,040 from patients on account. Bills patients $2,140 for services performed. 30 Pays the following expenses in cash: Salaries and wages $1,890; miscellaneous office expenses $80. 30 Dental supplies used during September, $300. 10 14 18 19 25 Record depreciation using a 5-year life on the equipment, the straight-line method, and no salvage value. Enter the transactions shown above in appropriate general ledger accounts (use T-accounts). (Post entries in the order displayed in the problem statement.) Cash Cash > Office Expense KEVIN HALL, D.D.S. Trial Balance Debit Credit Prepare an income statement. (Enter loss using either a negative sign preceding the number eg.-45 or parentheses e.g. (45).) KEVIN HALL, D.D.S. Income Statement $ $ $ Prepare a retained earnings statement. (List items that increase owner's equity first.) KEVIN HALL, D.D.S. Statement of Retained Earnings $ >

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