Question
Listed below are the transactions of Alan Kawabata, D.D.S., for the month of September. Sept. 1 Kawabata begins practice as a dentist and invests $20,690
Listed below are the transactions of Alan Kawabata, D.D.S., for the month of September.
Sept. 1 Kawabata begins practice as a dentist and invests $20,690 cash.
2 Purchases dental equipment on account from Green Jacket Co. for $18,480 .
4 Pays rent for office space, $719 for the month.
4 Employs a receptionist, Michael Bradley.
5 Purchases dental supplies for cash, $1,010
8 Receives cash of $1,710 from patients for services performed.
10 Pays miscellaneous office expenses, $540.
14 Bills patients $7,650for services performed.
18 Pays Green Jacket Co. on account, $4,050.
19 Withdraws $3,670cash from the business for personal use.
20 Receives $1,050 from patients on account.
25 Bills patients $3,520 for services performed.
30 Pays the following expenses in cash: Salaries and wages $3,280; miscellaneous office expenses $86. (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.
question:
a.Enter the transactions shown above in appropriate general ledger accounts (use T-accounts). Do not use a drawing account.
b.Prepare a trial balance.
c.Prepare an income statement.
d.Prepare a statement of owner’s equity.
e.Prepare an unclassified balance sheet.
f.Close the ledger
g.Prepare a post-closing trial balance.
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