Listed below are the transactions of James Smith, D.D.S., for the month of September.

Sept. 1Smith begins practice as a dentist, invests $20,620 cash and issues 2,062 shares of $10 par stock.2Purchases dental equipment on account from Green Jacket Co. for $17,340.4Pays rent for office space, $740 for the month.4Employs a receptionist, Michael Bradley.5Purchases dental supplies for cash, $890.8Receives cash of $1,740 from patients for services performed.10Pays miscellaneous office expenses, $450.14Bills patients $6,230 for services performed.18Pays Green Jacket Co. on account, $3,260.19Pays a dividend of $3,270 cash.20Receives $980 from patients on account.25Bills patients $2,240 for services performed.30Pays the following expenses in cash: Salaries and wages $1,680; miscellaneous office expenses $86.30Dental supplies used during September, $360.

Record depreciation using a 5-year life on the equipment, the straight-line method, and no salvage value.

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