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Using the below information create an income statement Sept. 1 2 2 4 4 5 8 10 14 18 19 20 25 30 Transactions of
Using the below information create an income statement
Sept. 1 2 2 4 4 5 8 10 14 18 19 20 25 30 Transactions of Yasunari Kawabata in September Kawabata begins practice as a dentist and invests $20,000 cash. Purchases a one-year insurance policy for $1,200, paying the entire amount In cash. Purchases dental equipment on account from Green Jacket Co. for $17,280. ollects $3,000 prepayment from patient for 2 year orthodontic treatment Ian. Pays rent for office space, $680 for the month. Employs a receptionist, Michael Bradley. Purchases dental supplies for cash, $942. Receives cash of $1,690 from patients for services performed. Pays miscellaneous office expenses, $430. Bills patients $5,820 for services performed. Pays Green Jacket Co. on account, $3,600. ithdraws $3,000 cash from the business for personal use. Receives $980 from patients on account. Bills patients $2,110 for services performed. Pays the following expenses in cash: Salaries and wages $1,800; iscellaneous office expenses $85. (Record each separately.) Record depreciation using a 5-year life on the equipment, the straight-line method, and no salvage value. Dental supplies used during September totaled $330.
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