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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
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 18 19 Bills patients $5,270 for services performed. Pays Green Jacket Co. on account, $3,630. Pays a dividend of $2,860 cash. 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 30 30 Pays the following expenses in cash: Salaries and wages $1,870; miscellaneous office expenses $86. Dental supplies used during September, $290. Record depreciation using a 5-year life on the equipment, the straight-line method, and no salvage value. Close the ledger. (Post entries in the order as displayed in the problem statement.) Cash Sept. 1 20,420 Sept. 4 650 Sept. 8 1,720 Sept. 5 980 Sept. 20 1,000 Sept. 10 420 Sept. 18 3,630 Sept. 19 2,860 Sept. 30 1,870 Sept. 30 86 Sept. 30 Bal. 12,644 Sept. 14 Accounts Receivable 5,270 Sept. 20 2,170 1,000 Sept. 25 Sept. 30 Bal. 6,440 Rent Expense Sept. 4 650 Sept. 30 Bal. 650 650 Supplies 650 Sept. 5 980 Sept. 30 290 Sept. 30 Bal. 690 Sept. 10 Sept. 30 Office Expense 420 Sept. 10 420 86 Sept. 30 86 Sept. 30 Sept. 30 506 Salaries and Wages Expense 506 1,870 Sept. 30 Bal. 1870 1870 Supplies Expense 1870 290 Sept. 30 Bal. 290 Sept. 30 Supplies Expense 290 Sept. 30 Bal. 290 290 Sept. 30 Depreciation Expense 290 303 Sept. 30 Bal. 303 303 Equipment Sept. 2 18,180 Sept. 30 bal 18,180 303 Sept. 19 Common Stock Sept. 1 20,420 Sept. 30 bal 20,420 Retained Earnings Dividends 2,860 Sept. 30 Bal. 2860 2860 2860 Sept. 18 Accounts Payable 3,630 Sept. 2 18,180 Sept. 30 Bal. 14,550 Service Revenue Sept. 8 1,720 Sept. 14 5,270 Sept. 25 2,170 Accumulated Depreciation-Equipment Sept. 30 Sept. 30 Bal. Income Summary 303 303 > Income Summary > >
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