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Enter the transactions show below in appropriate general ledger accounts. using T-accounts. Record depreciation using a 5 year life on the equipment, the straight line
Enter the transactions show below in appropriate general ledger accounts. using T-accounts. Record depreciation using a 5 year life on the equipment, the straight line method, and no salvage value.
Listed below are the transactions of Joseph Moore, D.D.S., for the month of September. Sept 1 Moore begins practice as a dentist, invests $20,030 cash, and issues 2,003 shares of $10 par stock. 2 Purchases dental equipment on account from Green Jacket Co. for $17,820. 4 Pays rent for office space, $690 for the month. 4 Employs a receptionist, Michael Braley. 5 Purchases dental supplies for cash, $900. 8 Receives cash of $1,770 from patients for services performed. 10 Pays miscellaneous office expenses, $420. 14 Bills patients $5,950 for services performed. 18 Pays Green Jacket Co. on account, $3,760. 19 Pays a dividend of $3,090 cash. 20. Receives $1.060 from patients on account. 25 Bills patients $1,980 for services performed. 30. Pays the following expenses in cash: salaries and wages $1,700, miscellaneous office expenses $83. 30. Dentall supplies used during September, $320. Listed below are the transactions of Joseph Moore, D.D.S., for the month of September. Sept 1 Moore begins practice as a dentist, invests $20,030 cash, and issues 2,003 shares of $10 par stock. 2 Purchases dental equipment on account from Green Jacket Co. for $17,820. 4 Pays rent for office space, $690 for the month. 4 Employs a receptionist, Michael Braley. 5 Purchases dental supplies for cash, $900. 8 Receives cash of $1,770 from patients for services performed. 10 Pays miscellaneous office expenses, $420. 14 Bills patients $5,950 for services performed. 18 Pays Green Jacket Co. on account, $3,760. 19 Pays a dividend of $3,090 cash. 20. Receives $1.060 from patients on account. 25 Bills patients $1,980 for services performed. 30. Pays the following expenses in cash: salaries and wages $1,700, miscellaneous office expenses $83. 30. Dentall supplies used during September, $320Step by Step Solution
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