Problem 3-1

Listed below are the transactions of Yasunari Kawabata, D.D.S., for the month of September.

Sept. 1		Kawabata begins practice as a dentist and invests $23,430 cash.
2		Purchases dental equipment on account from Green Jacket Co. for $18,240.
4		Pays rent for office space, $887 for the month.
4		Employs a receptionist, Michael Bradley.
5		Purchases dental supplies for cash, $1,044.
8		Receives cash of $1,800 from patients for services performed.
10		Pays miscellaneous office expenses, $470.
14		Bills patients $6,940 for services performed.
18		Pays Green Jacket Co. on account, $3,700.
19		Withdraws $3,870 cash from the business for personal use.
20		Receives $1,050 from patients on account.
25		Bills patients $3,130 for services performed.
30		Pays the following expenses in cash: Salaries and wages $3,140; miscellaneous office expenses $96. (Record each separately.)
30		Dental supplies used during September, $430.

Record depreciation using a 5-year life on the equipment, the straight-line method, and no salvage value.

1. Prepare an unclassified balance sheet.