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Listed below are the transactions of Richard Miller, D.D.S., for the month of September. Sept. 1 2 4 4 8 10 Miller begins practice as
Listed below are the transactions of Richard Miller, D.D.S., for the month of September. Sept. 1 2 4 4 8 10 Miller begins practice as a dentist, invests $ 19,330 cash and issues 1.933 shares of $10 par stock Purchases dental equipment on account from Green Jacket Co.for $ 17,700. Pays rent for office space, $ 690 for the month. Employs a receptionist, Michael Bradley. Purchases dental supplies for cash $ 970. Receives cash of $ 1,680 from patients for services performed. Pays miscellaneous office expenses, $ 470. Bills patients $5,510 for services performed. Pays Green Jacket Co. on account, $3,310. Pays a dividend of $ 3,180 cash. Receives $ 970 from patients on account. Bills patients $ 1,990 for services performed. Pays the following expenses in cash: Salaries and wages $ 1,840; miscellaneous office expenses $ 79. Dental supplies used during September, $ 310, 14 18 19 20 25 30 30 Record depreciation using a 5-year life on the equipment, the straight-line method, and no salvage value. Enter the transactions shown above in appropriate general ledger accounts (use T-accounts) (Post entries in the order displayed in the problem statement.) Cash Accounts Receivable Rent Expense Supplies Office Expense Salaries and Wages Expense Supplies Expense Depreciation Expense Depreciation Expense Equipment Common Stock Dividends Accounts Payable Service Revenue . Dividends Accounts Payable Service Revenue Accumulated Depreciation-Equipment
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