Question 4 Listed below are the transactions of Steven Garcia, D.D.S., for the month of September Sept. 1 Garcia begins practice as a dentist, invests $21,320 cash and issues 2,132 shares of $10 par stock. 2 Purchases dental equipment on account from Green Jacket Co. for $18,360. 4 Pays rent for office space, $710 for the month. 4 Employs a receptionist, Michael Bradley. 5 Purchases dental supplies for cash, $940. 8 Receives cash of $1,790 from patients for services performed. 10 Pays miscellaneous office expenses, $400. 14 Bills patients $5,510 for services performed. 18 Pays Green Jacket Co. on account, $3,340. 19 Pays a dividend of $2,900 cash. 20 Receives $930 from patients on account. 25 Bills patients $2,240 for services performed. 30 Pays the following expenses in cash: Salaries and wages $1,650; miscellaneous office expenses $84. 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. your answer is partially correct. Try again. Enter the transactions shown above in appropriate general ledger accounts (use T-accounts) (Post entries in the order displayed in the proble Cash Sept. 1 Sept. 1 Wu! Sept. 2 Sept. 1 x Accounts Receivable Accounts Receivable Rent Expense Supplies Office Expense x x X Office Expense Salaries and Wages Expense Supplies Expense Depreciation Expense Equipment Common Stock Common Stock x Dividends Accounts Payable Service Revenue Accumulated Donariwon.Com Dividends Accounts Payable Service Revenue Accumulated Depreciation Equipment STEVEN GARCIA, D.D.S. Trial Balance Debit Credit X X Total SHOW LIST OF ACCOUNTS STEVEN GARCIA, D.D.S. Income Statement Prepare a retained earnings statement. (List items that increase owner's equity first.) STEVEN GARCIA, D.D.S. Statement of Retained Earnings STEVEN GARCIA, D.D.S. Balance Sheet Assets Liabilities and Owners' Equity X X $ Liabilities and Owners' Equity X Cash 710 Sept. 1 Sept. 8 Sept. 20 940 400 21,320 Sept. 4 1,790 Sept. 5 930 Sept. 10 Sept. 18 Sept. 19 Sept. 30 Sept. 30 14,016 Accounts Receivable 5,510 Sept. 20 2,240 6,820 Rent Expense 3,340 2,900 1,650 84 Sept. 30 Bal. 930 Sept. 14 Sept. 25 Sept. 30 Bal. Sept. 4 710 Supplies 360 Sept. 5 Sept. 30 Bal. Supplies 940 Sept. 30 580 Office Expense X Sept. 10 400 Sept. 30 841 Salaries and Wages Expense Sept. 30 1,650 Supplies Expense Sept. 30 360 Depreciation Expense Depreciation Expense Sept. 30 306 Sept. 2 Sept. 30 bal Y Equipment 18,360 18,360 Common Stock Sept. 1 Sept. 30 bal Retained Earnings 21,320 21,320 Sept. 19 Sept. 30 bal Dividends 2.900 2,900 Accounts Payable Sept. 19 Sept. 30 bal 2,900 2,900 Accounts Payable 3,340 Sept. 2 Sept. 30 Bal. Service Revenue Sept. 18 18,360 15,020 Sept. 8 1,790 Sept. 14 5,510 Sept. 25 2,240 306 Accumulated Depreciation-Equipment Sept. 30 Sept. 30 Bal. Income Summary 306 X 30 Sept. 30 Bal. Income Summary
