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please include calculation and/or formulas used Problem 3-1 Listed below are the transactions of Leon Kawabata, D.D.S., for the month of September. Sept. 1 Kawabata
please include calculation and/or formulas used Problem 3-1 Listed below are the transactions of Leon Kawabata, D.D.S., for the month of September. Sept. 1 Kawabata begins practice as a dentist and Invests $20.310 cash. 2 Purchases dental equipment on account from Green Jacket Co. for $17,280. 4 Pays rent for office space, $785 for the month. 4 Employs a receptionist, Michael Bradley. 5 Purchases dental supplies for cash, $964. 8 Receives cash of $1,770 from patients for services performed. 10 Pays miscellaneous office expenses, $470. 14 Bilis patients $5,860 for services performed. 18 Pays Green Jacket Co. on account, $5,450. 19 With draws $3,320 cash from the business for personal use. 20 Receives $1,030 from patients on account. 25 Bills patients $2,380 for services performed. 20 Pays the following expenses in cash: Salaries and wages $3,450; miscellaneous office expenses $99. (Record each separately.) 30 Dental supplies used during September, $380. Depreciation is recorded using a 5-year life on the equipment, the straight-line method, and no salvage value. (a) Record the transactions above in a general journal. (b) Post the joumal entries to appropriate general ledger accounts (use T-accounts). Do not use a drawing account. (c) Prepare a trial balance. (d) Prepare an income statement. (e) Prepare an unclassified balance sheet. () Record closing entries in the general joumal and post them to the ledger (9) Prepare a post-closing trial balance
please include calculation and/or formulas used
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