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pls do the income statement Listed below are the transactions of Gary King, D.D.S., for the month of September. Sept. 1 2 4 King begins
pls do the income statement
Listed below are the transactions of Gary King, D.D.S., for the month of September. Sept. 1 2 4 King begins practice as a dentist, invests $20,600 cash and issues 2,060 shares of $10 par stock. Purchases dental equipment on account from Green Jacket Co. for $18,780. Pays rent for office space, $640 for the month. Employs a receptionist, Michael Bradley. Purchases dental supplies for cash $940. Receives cash of $1,860 from patients for services performed. 4 5 8 10 Pays miscellaneous office expenses, $380. 14 Bills patients $5,850 for services performed. 18 Pays Green Jacket Co. on account, $3.740. 19 Pays a dividend of $3,100 cash. 20 Receives $920 from patients on account. 25 Bills patients $2,150 for services performed. 30 Pays the following expenses in cash: Salaries and wages $ 1,680; miscellaneous office expenses $88. 30 Dental supplies used during September, $370. Record depreciation using a 5-year life on the equipment, the straight-line method, and no salvage value. trial balance for month of September credits debit$ 12,812.00 7,080.00 570.00 18,780.00 313.00 15,040.00 20,600.00 cash account receivable dental supplies dental equipment accumulated depreciation account payable common stock dividend service Revenue depreciation expenses (18780/5*1:12) rent expense miscellaneous expenses salary and wages expenses supplies expenses total 3,100.00 9,860.00 313.00 640.00 468.00 1,680.00 370.00 45,813.00 45,813.00 Prepare an income statement. (Enter loss using either a negative sign preceding the number e.g.-45 or parentheses e.g. (45).) GARY KING, D.D.S. Income Statement $ Step by Step Solution
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