Question
Listed below are the transactions ofDanielJackson, D.D.S., for the month of September. Sept.1Jacksonbegins practice as a dentist, invests $21,930cash and issues2,193shares of $10 par stock.
Listed below are the transactions ofDanielJackson, D.D.S., for the month of September.
Sept.1Jacksonbegins practice as a dentist, invests $21,930cash and issues2,193shares of $10 par stock.
2Purchases dental equipment on account from Green Jacket Co. for $18,000.4Pays rent for office space, $680for the month.4Employs a receptionist, Michael Bradley.5Purchases dental supplies for cash, $990.8Receives cash of $1,840from patients for services performed.10Pays miscellaneous office expenses, $440.14Bills patients $5,940for services performed.18Pays Green Jacket Co. on account, $3,300.19Pays a dividend of $2,750cash.20Receives $1,000from patients on account.25Bills patients $2,230for services performed.30Pays the following expenses in cash: Salaries and wages $1,620; 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.
- prepare unclassified balance sheet.
2 Close the ledger
Cash
Sept. 121,930
Sept. 4680
Sept. 81,840
Sept. 5990
Sept. 201,000
Sept. 10440
Sept. 183,300
Sept. 192,750
Sept. 301,620
Sept. 3086
Sept. 30 Bal.14,904
Accounts Receivable
Sept. 145,940
Sept. 201,000
Sept. 252,230
Sept. 30 Bal.7,170
Rent Expense
Sept. 4680
choose a transaction date
Sept. 1
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enter a credit amount
enter a debit balance
enter a credit balance
Supplies
Sept. 5990
Sept. 30360
Sept. 30 Bal.630
Office Expense
Sept. 10440
choose a transaction date
Sept. 1
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Sept. 3086
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Sept. 1
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Sept. 30 Bal.
enter a credit amount
enter a debit balance
enter a credit balance
Salaries and Wages Expense
Sept. 301,620
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Sept. 1
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enter a credit amount
enter a debit balance
enter a credit balance
Supplies Expense
Sept. 30360
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Sept. 1
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enter a credit amount
enter a debit balance
enter a credit balance
Depreciation Expense
Sept. 30300
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Sept. 1
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enter a credit balance
Equipment
Sept. 218,000
Sept. 30 bal18,000
Common Stock
Sept. 121,930
Sept. 30 bal21,930
Retained Earnings
Dividends
Sept. 192,750
Sept. 30 bal2,750
Accounts Payable
Sept. 183,300
Sept. 218,000
Sept. 30 Bal.14,700
Service Revenue
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Sept. 1
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enter a debit amount
Sept. 81,840
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Sept. 1
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Sept. 145,940
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Sept. 1
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enter a debit amount
Sept. 252,230
enter a debit balance
enter a credit balance
Accumulated Depreciation-Equipment
Sept. 30300
Sept. 30 Bal.300
Income Summary
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Sept. 1
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Sept. 30 Bal.
enter a debit amount
choose a transaction date
- prepare post-closing trial balance.
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