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You have been hired as the Accounting Consultant by Zachary McDaniel he has reached out needing help with the financial affairs of his new dentistry
You have been hired as the Accounting Consultant by Zachary McDaniel he has reached out needing help with the financial affairs of his new dentistry business. The following are the transactions that occurred during his first months of being open. He has asked you to help get him caught up and generate financial information for each month. Zachary McDaniel, DDS opened his practice in September The following are the transactions made to date. Sept. McDaniel begins a practice as a dentist and invests $ cash Sept. Purchases dental equipment on account from Green Jacket Co for $ year useful life, straight line method Sept. Pays rent for office space, $ for the month Sept. Employs a receptionist, Michael Bradley Sept. Purchases dental supplies for cash $ Sept. Receives cash of $ from patients for services performed Sept. Pays miscellaneous office expenses, $ Sept. Bills patients $ for services performed Sept. Pays Green Jacket Co on account, $ Sept. Withdraws $ cash from the business for personal use Sept. Receives $ from patients on account Sept. Bills patients $ for services performed Sept. Pays the following expenses in cash. Salaries and wages $; miscellaneous office expenses $ Sept. Dental Supplies used during September, $ Sept. Receives $ in interest income on deposit accounts Sept. Reserve for Uncollected Receivables of $ Sept. Prepares Closing Entries for September Oct. Purchases dental equipment w cash from Smiling Teeth for year useful life, straight line method Oct. Pays rent for office space, $ for the month Oct. Receives $ from patients on account Oct. Purchases dental supplies for cash $ Oct. Receives cash of $ from patients for services performed Oct. Pays miscellaneous office expenses, $ Oct. Bills patients $ for services performed Oct. Pays Green Jacket Co on account, $ Oct. Withdraws $ cash from the business for personal use Oct. Receives $ from patients on account Oct. Bills patients $ for services performed Oct. Pays the following expenses in cash. Salaries and wages $; miscellaneous office expenses $ Oct. Dental Supplies used during September, $ Oct. Receives $ interest income on deposit accounts Oct. Reserve for Uncollectible Accounts of $ Oct. Accounts deemed uncollectible of $ Oct. Prepares Closing Entries for October Nov. Maintenance on equipment of $ paid w cash Nov. Invests in Research & Development with other dentists of $ on account Nov. Pays rent for office space, $ for the month Nov. Receives $ from patients on account Nov. Purchases dental supplies for cash $ Nov. Receive cash of $ from patients for services performed Nov. Pays miscellaneous office expenses, $ Nov. Bills patients $ for services performed Nov. Pays Green Jacket Co remaining balance Nov. Withdraws $ cash from the business for personal use Nov. Receives $ from patients on account Nov. Bills patients $ for services performed Nov. Pays the following expenses in cash. Salaries and wages $; miscellaneous office expenses $ Nov. Dental Supplies used during September, $ Nov. Receives $ interest income on deposit accounts Nov. Reserve for Uncollectible Accounts of $ Nov. Accounts deemed uncollectible of $ Nov. Prepares Closing Entries for Nov Dec. Maintenance on equipment of $ paid on account Dec. Invests in Research & Development with other dentists of $ on account Dec. Pays $ on R&D payable Dec. Pays rent for office space, $ for the month Dec. Receives $ from patients on account Dec. Purchases dental supplies for cash $ Dec. Receives cash of $ from patients for services performed Dec. Pays miscellaneous office expenses, $ Dec. Bills patients $ for services performed Dec. Receives $ from patients on account Dec. Bills patients $ for services performed Dec. Pays the following expenses in cash. Salaries and wages $; miscellaneous office expenses $ Dec. Dental Supplies used during September, $ Dec. Receives $ interest income on deposit accounts Dec. Reserve for Uncollectible Accounts of $ Dec. Accounts deemed uncollectible of $ Dec. Prepares Closing Entries for December Prepare a trial balance for September and October monthend cutoff.
You have been hired as the Accounting Consultant by Zachary McDaniel he has reached out needing help with the financial affairs of his new dentistry business. The following are the transactions that occurred during his first months of being open. He has asked you to help get him caught up and generate financial information for each month.
Zachary McDaniel, DDS opened his practice in September The following are the transactions made to date.
Sept. McDaniel begins a practice as a dentist and invests $ cash
Sept. Purchases dental equipment on account from Green Jacket Co for $ year useful life, straight line method
Sept. Pays rent for office space, $ for the month
Sept. Employs a receptionist, Michael Bradley
Sept. Purchases dental supplies for cash $
Sept. Receives cash of $ from patients for services performed
Sept. Pays miscellaneous office expenses, $
Sept. Bills patients $ for services performed
Sept. Pays Green Jacket Co on account, $
Sept. Withdraws $ cash from the business for personal use
Sept. Receives $ from patients on account
Sept. Bills patients $ for services performed
Sept. Pays the following expenses in cash. Salaries and wages $; miscellaneous office expenses $
Sept. Dental Supplies used during September, $
Sept. Receives $ in interest income on deposit accounts
Sept. Reserve for Uncollected Receivables of $
Sept. Prepares Closing Entries for September
Oct. Purchases dental equipment w cash from Smiling Teeth for year useful life, straight line method
Oct. Pays rent for office space, $ for the month
Oct. Receives $ from patients on account
Oct. Purchases dental supplies for cash $
Oct. Receives cash of $ from patients for services performed
Oct. Pays miscellaneous office expenses, $
Oct. Bills patients $ for services performed
Oct. Pays Green Jacket Co on account, $
Oct. Withdraws $ cash from the business for personal use
Oct. Receives $ from patients on account
Oct. Bills patients $ for services performed
Oct. Pays the following expenses in cash. Salaries and wages $; miscellaneous office expenses $
Oct. Dental Supplies used during September, $
Oct. Receives $ interest income on deposit accounts
Oct. Reserve for Uncollectible Accounts of $
Oct. Accounts deemed uncollectible of $
Oct. Prepares Closing Entries for October
Nov. Maintenance on equipment of $ paid w cash
Nov. Invests in Research & Development with other dentists of $ on account
Nov. Pays rent for office space, $ for the month
Nov. Receives $ from patients on account
Nov. Purchases dental supplies for cash $
Nov. Receive cash of $ from patients for services performed
Nov. Pays miscellaneous office expenses, $
Nov. Bills patients $ for services performed
Nov. Pays Green Jacket Co remaining balance
Nov. Withdraws $ cash from the business for personal use
Nov. Receives $ from patients on account
Nov. Bills patients $ for services performed
Nov. Pays the following expenses in cash. Salaries and wages $; miscellaneous office expenses $
Nov. Dental Supplies used during September, $
Nov. Receives $ interest income on deposit accounts
Nov. Reserve for Uncollectible Accounts of $
Nov. Accounts deemed uncollectible of $
Nov. Prepares Closing Entries for Nov
Dec. Maintenance on equipment of $ paid on account
Dec. Invests in Research & Development with other dentists of $ on account
Dec. Pays $ on R&D payable
Dec. Pays rent for office space, $ for the month
Dec. Receives $ from patients on account
Dec. Purchases dental supplies for cash $
Dec. Receives cash of $ from patients for services performed
Dec. Pays miscellaneous office expenses, $
Dec. Bills patients $ for services performed
Dec. Receives $ from patients on account
Dec. Bills patients $ for services performed
Dec. Pays the following expenses in cash. Salaries and wages $; miscellaneous office expenses $
Dec. Dental Supplies used during September, $
Dec. Receives $ interest income on deposit accounts
Dec. Reserve for Uncollectible Accounts of $
Dec. Accounts deemed uncollectible of $
Dec. Prepares Closing Entries for December
Prepare a trial balance for September and October monthend cutoff.
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