Question
Problem 3-1 Listed below are the transactions of Tony Kawabata, D.D.S., for the month of September. Sept. 1 Kawabata begins practice as a dentist and
Problem 3-1 Listed below are the transactions of Tony Kawabata, D.D.S., for the month of September. Sept. 1 Kawabata begins practice as a dentist and invests $24,680 cash. 2 Purchases dental equipment on account from Green Jacket Co. for $19,380. 4 Pays rent for office space, $790 for the month. 4 Employs a receptionist, Michael Bradley. 5 Purchases dental supplies for cash, $1,016. 8 Receives cash of $1,720 from patients for services performed. 10 Pays miscellaneous office expenses, $480. 14 Bills patients $5,880 for services performed. 18 Pays Green Jacket Co. on account, $4,190. 19 Withdraws $3,180 cash from the business for personal use. 20 Receives $1,070 from patients on account. 25 Bills patients $3,560 for services performed. 30 Pays the following expenses in cash: Salaries and wages $2,040; miscellaneous office expenses $97. (Record each separately.) 30 Dental supplies used during September, $350. Record depreciation using a 5-year life on the equipment, the straight-line method, and no salvage value. Enter the transactions shown above in appropriate general ledger accounts (use T-accounts).
b.Prepare a trial balance
c.Prepare an income statement
Prepare a statement of owners equityd.
Prepare an unclassified balance sheet
Close the ledger
Prepare a post-closing trial balance.
d.
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