Problem 3-01 (Part Level Submission) Listed below are the transactions of Gary King, D.D.S., for the month of September. Sept. 1 King begins practice as a dentist, invests $20,600 cash and issues 2,060 shares of $10 par stock. 2 Purchases dental equipment on account from Green Jacket Co. for $18,780. 4 Pays rent for office space, $640 for the month. 4 Employs a receptionist, Michael Bradley. 5 Purchases dental supplies for cash, $940. 8 Receives cash of $1,860 from patients for services performed. 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 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. (d) Close the ledger. (Post entries in the order as displayed in the problem statement.) 640 Sept. 1 Sept. 8 Sept. 20 940 380 Cash 20,600 Sept. 4 1,860 Sept. 5 920 Sept. 10 Sept. 18 Sept. 19 Sept. 30 Sept. 30 12,812 Accounts Receivable 5,850 Sept. 20 2,150 7,080 Rent Expense 3,740 3,100 1,680 88 Sept. 30 Bal. 920 Sept. 14 Sept. 25 Sept. 30 Bal. Sept. 4 640 Supplies 940 Sept. 30 570 Sept. 5 Sept. 30 Bal. 370 Office Expense Sept. 10 380 Office Expense Sept. 10 380 Sept. 30 88 Salaries and Wages Expense Sept. 30 1,680 Supplies Expense Sept. 30 370 Depreciation Expense Sept. 30 313 Sept. 2 Sept. 30 bal Equipment 18,780 18,780 Common Stock Sept. 1 Sept. 30 bal Retained Earnings 20,600 20,600 Dividende Dividends Sept. 19 3,100 Sept. 18 Accounts Payable 3,740 Sept. 2 Sept. 30 Bal. Service Revenue 18,780 15,040 Sept. 8 1,860 Sept. 14 5,850 Sept. 25 2,150 313 Accumulated Depreciation-Equipment Sept. 30 Sept. 30 Bal. Income Summary 313 Sept. 25 2,150 313 Accumulated Depreciation-Equipment Sept. 30 Sept. 30 Bal. Income Summary 313