Sept. 1 Wilson begins practice as a dentist, invests $20,740 cash and issues 2,074 shares of $10 par stock. 2 Purchases dental equipment on account from Green Jacket Co. for $17,760. 4 Pays rent for office space, $700 for the month. 4 Employs a receptionist, Michael Bradley. 5 Purchases dental supplies for cash, $860. 8 Receives cash of $1,810 from patients for services performed. 10 Pays miscellaneous office expenses, $420. 14 Bills patients $5,850 for services performed. 18 Pays Green Jacket Co. on account, $3,800. 19 Pays a dividend of $2,880 cash. 20 Receives $1,020 from patients on account. 25 Bills patients $2,020 for services performed. 30 30 Pays the following expenses in cash: Salaries and wages $1,890; miscellaneous office expenses $93. Dental supplies used during September, $330. Record depreciation using a 5-year life on the equipment, the straight-line method, and no salvage value.