Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

pls do the trial balance 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 trial balance
image text in transcribed
image text in transcribed
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. Prepare a trial balance. (Do not leave any answer field blank. Enter o for amounts.) GARY KING, D.D.S. Trial Balance Debit Credit $ $

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Social Function Of AccountsReforming Accountancy To Serve Mankind

Authors: John Flower

1st Edition

1138645249, 9781138645240

More Books

Students also viewed these Accounting questions