Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 14 Aug 2017 My Price 11.00

dental equipment

Listed below are the transactions of ari Kawabata, D.D.S., for the month of September. Sept. 1 Kawabata begins practice as a dentist and Invests $20,000 cash. 2 Purchases furniture and dental equipment on account from Green Jacket Co. for $17,280. 4 Pays rent for office space, $680 for the month. , ( .; . 1 ., ..' _ \ 4 Employs a receptionist, Michael Bradley. -- nA?° V' ,.,. ''. I ' '. ' 5 Purchases dental supplies for cash, $942. 8 . Receives cash of $1,690 from patients for services performed. 10 Pays miscellaneous office expenses, $430. 14 Bills patients $5,820 for services performed. 18 Pays Green Jacket Co. on account, $3,600. 19 Withdraws $3,000 cash from the business for personal use. 20 Receives $980 from patients on account. 25 Bills patients $2,110 for services performed. 30 Pays the following expenses In cash: office salaries $1,800; miscellaneous office expenses $85. 30 Dental supplies used during September, $330. Instructions (a) Enter the transactions shown above in appropriate general ledger accounts (use T-accounts). Use the following .ledger accounts: Cash; Accounts Receivable; Supplies on Hand; Furniture and Eqwpment; Accumulated Depreciation; Accounts Payable; Yasunari Kawabata, Capital; Setvice Revenue; Rent Expense; Miscellaneous Office Expense; Office Salaries Expense; Supplies Expense; Depreciation Expense; and Income Summary. Allow 10 lines for the Cash and Income Summary accounts, and 5 Jines for each of the other accounts needed. Record depreciation using a 5-year life on the furniA?­ ture and equipment, the straight-line method, and no salvage value. Do not use a drawing account. (b) Prepare a trial balance. (c) Prepare an income statement, a statement of owner's equity, and an unclassified balance sheet. (d) Close the ledger. (e) Prepare a post-dosing trial balance. P3-2 (Adjusting Entries and Financial Statements) Mason Advertising Agency was founded in JanuA?­ ary 2006. Presented below are adjusted and unadjusted trial balances as of December 31, 2010.

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Status NEW Posted 14 Aug 2017 03:08 PM My Price 11.00

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