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greatly appreciate it. CALCULATOR Problem 3-01 Listed below are the transactions of Donald Martin, D.D.S., for the month of September. Sept. 1 Martin begins practice

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CALCULATOR Problem 3-01 Listed below are the transactions of Donald Martin, D.D.S., for the month of September. Sept. 1 Martin begins practice as a dentist, invests $20,420 cash and issues 2,042 shares of $10 par stock. 2 Purchases dental equipment on account from Green Jacket Co. for $18,180. 4 Pays rent for office space, $650 for the month. 4 Employs a receptionist, Michael Bradley. 5 Purchases dental supplies for cash, $980. 8 Receives cash of $1,720 from patients for services performed. 10 Pays miscellaneous office expenses, $420. 14 Bills patients $5,270 for services performed. 18 Pays Green Jacket Co. on account, $3,630. 19 Pays a dividend of $2,860 cash. 20 Receives $1,000 from patients on account. 25 Bills patients $2,170 for services performed. 30 Pays the following expenses in cash: Salaries and wages $1,870; miscellaneous office expenses $86. 30 Dental supplies used during September, $290. Record depreciation using a 5-year life on the equipment, the straight-line method, and no salvage value. Prepare an unclassified balance sheet. (List assets in order of liquidity.) DONALD MARTIN, D.D.S. Balance Sheet Assets $ Liabilities and Owners' Equity $ Current Assets Current Liabilities Intangible Assets Long-term Investments Long-term Liabilities Property, Plant and Equipment Owners' Equity Total Assets Total Current Assets Total Current Liabilities Total Intangible Assets Total Liabilities Total Liabilities and Owners' Equity Total Long-term Investments Total Long-term Liabilities Total Property, Plant and Equipment Total Stockholders' Equity Close the ledger. (Post entries in the order as displayed in the problem statement.) 650 Sept. 1 Sept. 8 Sept. 20 980 420 Cash 20,420 Sept. 4 1,720 Sept. 5 1,000 Sept. 10 Sept. 18 Sept. 19 Sept. 30 Sept. 30 12,644 Accounts Receivable 5,270 Sept. 20 2,170 6,440 Rent Expense 3,630 2,860 1,870 86 Sept. 30 Bal. 1,000 Sept. 14 Sept. 25 Sept. 30 Bal. Sept. 4 650 Sept. 5 Sept. 30 Bal. Supplies 980 Sept. 30 690 Office Expense 290 Sept. 10 420

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