Listed below are the transactions of Yasunari Kawabata, D$.$D$.$S$.,$ for the month of September.

Sept. $1$ Kawabata begins practice as a dentist, invests $$20,000$ cash, and issues $2,000$ shares of $$10$ par stock.

$2$ Purchases dental equipment on account from Green Jacket Co$.$ for $$17,280.$

$4$ Pays rent for office space, $$680$ for the month.

$4$ Employs a receptionist, Michael Bradley.

$5$ Purchases dental supplies for cash, $$942.$

$8$ Receives cash of $$1,690$ from patients for services performed.

$10$ Pays miscellaneous office expenses, $$430.$

$14$ Bills patients $$5,820$ for services performed.

$18$ Pays Green Jacket Co$.$ on account, $$3,600.$

$19$ Pays a dividend of $$3,000$ cash.

$20$ Receives $$980$ from patients on account.

$25$ Bills patients $$2,110$ for services performed.

$30$ Pays the following expenses in cash: salaries and wages $$1,800$; miscellaneous office expenses $$85.$

$30$ Dental supplies used during September, $$330.$

$30$ Depreciation of dental equipment purchased on September $2$nd

Instructions

$1.$ Create journal entries for the above transactions

Use proper account names listed below $($part a$)$

a$.$ Enter the transactions shown above in appropriate general ledger accounts $($use T$-$accounts$).$ Use the following ledger accounts: Cash, Accounts Receivable, Supplies,

Equipment, Accumulated Depreciation$$Equipment$,$ Accounts Payable, Common Stock, Retained Earnings, Dividends, Service Revenue, Rent Expense, Office Expense,

Salaries and Wages Expense, Supplies Expense, Depreciation Expense, and Income Summary.

Record depreciation using a $5-$year life on the equipment, the straight$-$line method, and no salvage value. Do not use a drawing account.

Use cell referencing from the Journal entries $($Part $1)$ into the Ledger $($part a & d$)$ for full credit; do not "hard$-$key" in account entries

b$.$ Prepare a trial balance.

Use cell referencing from Ledger $($part a & d$)$ to Trial Balance $($part b$)$ for full credit; do not "hard$-$key" Ledger totals

c$.$ Prepare an income statement, a retained earnings statement, and an unclassified balance sheet.

Use cell referencing from Trial Balance $($part b$)$ to Financial Statements $($part c$)$ for full credit; do not "hard$-$key" Trial Balance totals

d$.$ Close the ledger.

Use cell referencing from temporary$/$nominal Ledger accounts to Income Summary account $($part a & d$)$ for full credit; do not "hard$-$key" totals

e$.$ Prepare a post$-$closing trial balance.

Use cell referencing from Income Summary & Dividends accounts $($part a & d$)$ to Post$-$Closing Trial Balance $($part e$)$ for full credit; do not "hard$-$key" totals

Name Journal Entries

Section

Date

General Journal $15$ points max

Date Account Titles Debit Credit

$11$

$22$

$33$

$44$

$55$

$66$

$77$

$88$

$99$

$1010$

$1111$

$1212$

$1313$

$1414$

$1515$

$1616$

$1717$

$1818$

$1919$

$2020$

$2121$

$2222$

$2323$

$2424$

$2525$

$2626$

$2727$

$2828$

$2929$

$3030$

$3131$

$3232$

$3333$

$3434$

$3535$

$3636$

$3737$

$3838$

$3939$

$4040$

$4141$

$4242$

$43$

Name

Section

Date Yasunari Kawabata, D$.$D$.$S$.$

$($a$)$ and $($d$)$ General Ledger $30$ points max

CASH

Sept. $30,$ Cash Balance $=$ $$12,133-$ Check Figure

ACCOUNTS PAYABLE

EQUIPMENT

COMMON STOCK

ACCOUNTS RECEIVABLE

SERVICE REVENUE

RENT EXPENSE

ACCUMULATED DEPRECIATION $-$

SUPPLIES EQUIPMENT

OFFICE EXPENSE DEPRECIATION EXPENSE

INCOME SUMMARY

SALARIES AND WAGES EXPENSE

SUPPLIES EXPENSE

DIVIDENDS

$71$

Name

Section

Date Yasunari Kawabata, D$.$D$.$S$.$

$($b$)10$ points max

Yasunari Kawabata, D$.$D$.$S$.$

Trial Balance

September $30$

$1$ Account Titles Debit Credit $1$

$22$

$33$

$44$

$55$

$66$

$77$

$88$

$99$

$1010$

$1111$

$1212$

$1313$

$1414$

$1515$

$1616$

$1717$

$1818$

$1919$

$2020$

$2121$

$2222$

$2323$

Trial Balance $43588$ check figure

$72$

Name

Section

Date Yasunari Kawabata, D$.$D$.$S$.$

$($c$)10$ points max

Yasunari Kawabata, D$.$ D$.$S$.$

Income Statement

For the Month of September

$11$

$22$

$33$

$44$

$55$

$66$

$77$

$88$

$99$

$1010$

$10$ points max

Yasunari Kawabata, D$.$D$.$S$.$

Retained Earnings Statement

For the Month of September

$11$

$22$

$33$

$44$

$55$

$66$

$77$

$15$ points max

Yasunari Kawabata, D$.$D$.$S$.$

Balance Sheet

September $30$

$1$ Assets $1$

$22$

$33$

$44$

$55$

$66$

$77$

$88$

$9$ Liabilities and Owner's Equity $9$

$1010$

$1111$

$1212$

$1313$

Total Liabilities and Owner's Equity $36687$ check figure

$73$

Name

Section

Date Yasunari Kawabata, D$.$D$.$S$.$

$($e$)10$ points max

Yasunari Kawabata, D$.$D$.$S$.$

Post$-$Closing Trial Balance

September $30$

$1$ Account Titles Debit Credit $1$

$2$

$3$

$4$

$5$

$6$

$7$

$8$

$9$

$10$

$11$

$12$

$13$

$14$

$15$

$16$

$17$

$18$

$19$

$20$

Post$-$Closing Trial Balance $36975$ check figure