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i want this anwers pleas and Statement of Financial Position Listed below are the transactions of Steven Garcia, D.D.S., for the month of September (amounts
i want this anwers pleas and Statement of Financial Position
Listed below are the transactions of Steven Garcia, D.D.S., for the month of September (amounts in thousands). Sept. 1 Garcia begins practice as a dentist and invests 22,800 cash. 2 Purchases equipment on account from Green Jacket Co. for 19,920. 4 Pays rent for office space, 782 for the month. 4 Employs a receptionist, Michael Bradley. 5 Purchases dental supplies for cash, 1,076. 8 Receives cash of 1,930 from patients for services performed. 10 Pays miscellaneous office expenses, 497. 14 Bills patients 6,628 for services performed. 18 Pays Green Jacket Co. on account, 4,104. 19 Withdraws 3,420 cash from the business for personal use. 20 Receives 1,124 from patients on account. 25 Bills patients 2,402 for services performed. 30 Pays the following expenses in cash: office salaries 2,052; miscellaneous office expenses 102. 30 Dental supplies used during September, 383. Record depreciation using a 5-year life on the equipment, the straight-line method, and no residual value. Do not use a drawing account. Prepare an income statement. (Enter loss using either a negative sign preceding the number e.g. 45 or parentheses e.g. (45).) Step by Step Solution
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