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Listed below are the transactions of Yasunari Kawabata, D.D.S., for the month of September. Sept. 1 Kawabata begins practice as a dentist and invests $20,000

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

Sept. 1

Kawabata begins practice as a dentist and invests $20,000 cash.

1

Purchases a one-year insurance policy for $1,200, paying the entire amount in cash.

2

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

2

Collects $3,000 prepayment from patient for 2 year orthodontic treatment plan.

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

Withdraws $3,000 cash from the business for personal use.

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. (Record each separately.)

Record depreciation using a 5-year life on the equipment, the straight-line method, and no salvage value. Dental supplies used during September totaled $330.

I would like help with the Income statement

Yasunari Kawabata, D.D.S.
Income Statement
For the Month of September

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