Question
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.) |
Enter the transactions shown above in appropriate general ledger accounts. Then prepare a Trial Balance for September 30. (Do not book any adjusting entries yet.)
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