COMPLETE THE CLOSING LEDGER

Problem 3-1 (Part Level Submission) Listed below are the transactions of Chris Kawabata, D.D.S., for the month of September Sept. 1 Kawabata begins practice as a dentist and invests $24,540 cash 2 Purchases dental equipment on account from Green Jacket Co. for $17,400 4 Pays rent for office space, 826 for the month. 4 Employs a receptionist, Michael Bradley 5 Purchases dental supplies for cash, $997 8 Receives cash of $1,720 from patients for services performed 10 Pays miscellaneous office expenses, $500 14 Bills patients $6,110 for services performed 18 Pays Green Jacket Co. on account, $4,700 19 Withdraws $3,870 cash from the business for personal use 20 Receives $1,020 from patients on account. 25 Bills patients $2,960 for services performed 30 Pays the following expenses in cash: Salaries and wages 2,130; miscellaneous office expenses $91. (Record each separately.) 30 Dental supplies used during September, $380 Record depreciation using a 5-year life on the equipment, the straight-line method, and no salvage value