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 $24,140 cash 2 Purchases dental equipment on account from Green Jacket Co for $17,280 4 Pays rent for office space, $752 for the month 4 Employs a receptionist, Michael Bradley 5 Purchases dental supplies for cash, $959 8 Receives cash of $1,730 from patients for services performed 10 Pays miscellaneous office expenses, $440 14 Bills patients $7,560 for services performed 18 Pays Green Jacket Co on account, $4,760 19 Withdraws $3,050 cash from the business for personal use 20 Receives $1,010 from patients on account 25 Bills patients $2,140 for services performed 30 Pays the following expenses in cash Salaries and wages $3,640 miscellaneous office expenses $90 (Record each separately ) 30 Dental supplies used during September, $360 Record depreciation using a 5 year life on the equipment, the straight line method, and no salvage value Warning Don't show me this message again for the assignment Ok Cancel Enter the transactions shown above in appropriate general ledger accounts (use T accounts) (Post entries in the order displayed in the problem statement ) Cash Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Accounts Receivable Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Rent Expense Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Supplies Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Office Expense Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Salaries and Wages Expense Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Supplies Expense Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Depreciation Expense Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Equipment Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Accounts Payable Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Service Revenue Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Accumulated Depreciation Equipment Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Owners Capital Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Warning Don't show me this message again for the assignment Ok Cancel Prepare a trial balance YASUNARI KAWABATA, D D S Trial Balance September 30 Debit Credit $ $ Total $ $ Warning Don't show me this message again for the assignment Ok Cancel Prepare an income statement YASUNARI KAWABATA, D D S Income Statement For the Month of September $ Withdrawal by OwnerExpensesNet Income (Loss)Owners Capital September 1Owners Capital September 30RevenuesTotal ExpensesTotal Revenues $ Withdrawal by OwnerExpensesNet Income (Loss)Owners Capital September 1Owners Capital September 30RevenuesTotal ExpensesTotal Revenues Withdrawal by OwnerExpensesNet Income (Loss)Owners Capital September 1Owners Capital September 30RevenuesTotal ExpensesTotal Revenues $ Warning Don't show me this message again for the assignment Ok Cancel Prepare a statement of owners equity (List items that increase owner's equity first ) YASUNARI KAWABATA, D D S Statement of Owners Equity For the Month of September Withdrawal by OwnerExpensesInvestmentsNet Income (Loss)Owners Capital September 1Owners Capital September 30RevenuesTotal ExpensesTotal Revenues $ AddLess Withdrawal by OwnerExpensesInvestmentsNet Income (Loss)Owners Capital September 1Owners Capital September 30RevenuesTotal ExpensesTotal Revenues AddLess Withdrawal by OwnerExpensesInvestmentsNet Income (Loss)Owners Capital September 1Owners Capital September 30RevenuesTotal ExpensesTotal Revenues Withdrawal by OwnerExpensesInvestmentsNet Income (Loss)Owners Capital September 1Owners Capital September 30RevenuesTotal ExpensesTotal Revenues $ Warning Don't show me this message again for the assignment Ok Cancel Prepare an unclassified balance sheet (List assets in order of liquidity ) YASUNARI KAWABATA, D D S Balance Sheet As of September 30 Assets $ AddLess Current AssetsCurrent LiabilitiesIntangible AssetsLong term InvestmentsLong term LiabilitiesProperty, Plant and EquipmentOwners EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Owners EquityTotal Long term InvestmentsTotal Long term LiabilitiesTotal Property, Plant and EquipmentTotal Stockholders' Equity $ Liabilities and Owners Equity $ Current AssetsCurrent LiabilitiesIntangible AssetsLong term InvestmentsLong term LiabilitiesProperty, Plant and EquipmentOwners EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Owners EquityTotal Long term InvestmentsTotal Long term LiabilitiesTotal Property, Plant and EquipmentTotal Stockholders' Equity $ Warning Don't show me this message again for the assignment Ok Cancel Close the ledger (Post entries in the order as displayed in the problem statement ) Cash Sept 1 24,140 Sept 4 752 Sept 8 1,730 Sept 5 959 Sept 20 1,010 Sept 10 440 Sept 18 4,760 Sept 19 3,050 Sept 30 3,640 Sept 30 90 Sept 30 Bal 13,189 Accounts Receivable Sept 14 7,560 Sept 20 1,010 Sept 25 2,140 Sept 30 Bal 8,690 Rent Expense Sept 4 752 Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Supplies Sept 5 959 Sept 30 360 Sept 30 Bal 599 Office Expense Sept 10 440 Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Sept 30 90 Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Salaries and Wages Expense Sept 30 3,640 Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Supplies Expense Sept 30 360 Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Depreciation Expense Sept 30 288 Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Equipment Sept 2 17,280 Accounts Payable Sept 18 4,760 Sept 2 17,280 Sept 30 Bal 12,520 Service Revenue Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Sept 8 1,730 Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Sept 14 7,560 Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Sept 25 2,140 Accumulated Depreciation Equipment Sept 30 288 Sept 30 Bal 288 Owners Capital Sept 19 3,050 Sept 1 24,140 Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Income Summary Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Sept 1Sept 2Sept 4Sept 5Sept 8Sept 10Sept 14Sept 18Sept 19Sept 20Sept 25Sept 30Sept 30 Bal Warning Don't show me this message again for the assignment Ok Cancel Prepare a post closing trial balance YASUNARI KAWABATA, D D S Post Closing Trial Balance September 30 Debit Credit $ $ $ $ Warning Don't show me this message again for 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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

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 $24,140 cash.
2		Purchases dental equipment on account from Green Jacket Co. for $17,280.
4		Pays rent for office space, $752 for the month.
4		Employs a receptionist, Michael Bradley.
5		Purchases dental supplies for cash, $959.
8		Receives cash of $1,730 from patients for services performed.
10		Pays miscellaneous office expenses, $440.
14		Bills patients $7,560 for services performed.
18		Pays Green Jacket Co. on account, $4,760.
19		Withdraws $3,050 cash from the business for personal use.
20		Receives $1,010 from patients on account.
25		Bills patients $2,140 for services performed.
30		Pays the following expenses in cash: Salaries and wages $3,640; miscellaneous office expenses $90. (Record each separately.)
30		Dental supplies used during September, $360.

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

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