Zachary McDaniel, DDS opened his practice in September $2017.$ The following are the transactions made to date.

Sept. $1$ McDaniel begins a practice as a dentist and invests $$40,000$ cash

Sept. $2$ Purchases dental equipment on account from Green Jacket Co$.$ for $$17,280,5$ year useful life, straight line method

Sept. $4$ Pays rent for office space, $$680$ for the month

Sept. $4$ Employs a receptionist, Michael Bradley

Sept. $5$ Purchases dental supplies for cash $$942$

Sept. $8$ Receives cash of $$1,690$ from patients for services performed

Sept. $10$ Pays miscellaneous office expenses, $$430$

Sept. $14$ Bills patients $$5,820$ for services performed

Sept. $18$ Pays Green Jacket Co$.$ on account, $$3,600$

Sept. $19$ Withdraws $$3,000$ cash from the business for personal use

Sept. $20$ Receives $$980$ from patients on account

Sept. $25$ Bills patients $$2,110$ for services performed

Sept. $30$ Pays the following expenses in cash. Salaries and wages $$1,800$; miscellaneous office expenses $$85$

Sept. $30$ Dental Supplies used during September, $$330$

Sept. $30$ Receives $$120$ in interest income on deposit accounts

Sept. $30$ Reserve for Uncollected Receivables of $$500$

Sept. $30$ Prepares Closing Entries for September

Oct. $1$ Purchases dental equipment w$/$ cash from Smiling Teeth for $12,000,5$ year useful life, straight line method

Oct. $2$ Pays rent for office space, $$680$ for the month

Oct. $5$ Receives $$650$ from patients on account

Oct. $5$ Purchases dental supplies for cash $$743$

Oct. $8$ Receives cash of $$1,225$ from patients for services performed

Oct. $10$ Pays miscellaneous office expenses, $$230$

Oct. $12$ Bills patients $$5,620$ for services performed

Oct. $15$ Pays Green Jacket Co$.$ on account, $$3,500$

Oct. $15$ Withdraws $$4,000$ cash from the business for personal use

Oct. $20$ Receives $$1,080$ from patients on account

Oct. $25$ Bills patients $$4,110$ for services performed

Oct. $30$ Pays the following expenses in cash. Salaries and wages $$1,800$; miscellaneous office expenses $$125$

Oct. $31$ Dental Supplies used during September, $$425$

Oct. $31$ Receives $$65$ interest income on deposit accounts

Oct. $31$ Reserve for Uncollectible Accounts of $$750\mathrm{.}00$

Oct. $31$ Accounts deemed uncollectible of $$75$

Oct. $31$ Prepares Closing Entries for October

Nov. $1$ Maintenance on equipment of $$125,$ paid w$/$ cash

Nov. $1$ Invests in Research & Development with other dentists of $$2,500$ on account

Nov. $2$ Pays rent for office space, $$680$ for the month

Nov. $5$ Receives $$2,510$ from patients on account

Nov. $5$ Purchases dental supplies for cash $$325$

Nov. $8$ Receive cash of $$2,225$ from patients for services performed

Nov. $10$ Pays miscellaneous office expenses, $$310$

Nov. $12$ Bills patients $$5,125$ for services performed

Nov. $15$ Pays Green Jacket Co$.$ remaining balance

Nov. $15$ Withdraws $$2,500$ cash from the business for personal use

Nov. $20$ Receives $$8,180$ from patients on account

Nov. $25$ Bills patients $$3,875$ for services performed

Nov. $30$ Pays the following expenses in cash. Salaries and wages $$1,800$; miscellaneous office expenses $$95$

Nov. $30$ Dental Supplies used during September, $$625$

Nov. $30$ Receives $$54$ interest income on deposit accounts

Nov. $30$ Reserve for Uncollectible Accounts of $$1,250$

Nov. $30$ Accounts deemed uncollectible of $$87$

Nov. $30$ Prepares Closing Entries for Nov

Dec. $1$ Maintenance on equipment of $$55,$ paid on account

Dec. $1$ Invests in Research & Development with other dentists of $$1,200$ on account

Dec. $1$ Pays $$1,500$ on R&D payable

Dec. $2$ Pays rent for office space, $$680$ for the month

Dec. $5$ Receives $$3,125$ from patients on account

Dec. $5$ Purchases dental supplies for cash $$525$

Dec. $8$ Receives cash of $$3,575$ from patients for services performed

Dec. $10$ Pays miscellaneous office expenses, $$175$

Dec. $12$ Bills patients $$4,975$ for services performed

Dec. $20$ Receives $$6,757$ from patients on account

Dec. $25$ Bills patients $$4,125$ for services performed

Dec. $30$ Pays the following expenses in cash. Salaries and wages $$1,900$; miscellaneous office expenses $$45$

Dec. $31$ Dental Supplies used during September, $$415$

Dec. $31$ Receives $$26$ interest income on deposit accounts

Dec. $31$ Reserve for Uncollectible Accounts of $$1,450$

Dec. $31$ Accounts deemed uncollectible of $$186$

Dec. $31$ Prepares Closing Entries for December

Instructions:

$($a$)$ Enter the transactions shown above in appropriate general ledger accounts $($i$.$e$.,$ T$-$Accounts$).$ Use the following ledger accounts: Cash, Accounts Receivable, Allowance for Uncollectible A$/$R$,$ Supplies, Equipment, Accumulated Depreciation $$ Equipment, Accounts Payable, Owner$$s Capital, Revenue, Interest Income, Salaries$/$Wages Expense, Rent Expense, Repairs & Maintenance Exp, Research & Development Expense, Office Expenses, Supplies Expense, Depreciation Expense, Bad Debt Expense, and other applicable accounts.