Listed below are the transactions of Dr. Yasunari Kawabata, for the month of September, 2021-...
70.2K
Verified Solution
Link Copied!
Question
Accounting
Listed below are the transactions of Dr. Yasunari Kawabata, for the month of September, 2021- Sept. 01: Kawabata begins practice as a dentist and invests $20,000 cash. 02: Purchases dental equipment on account from Green Jacket Co. for $17,280. 04: Pays rent for office space, $680 for the month. 04: Employs a receptionist, Michael Bradley. 05: Purchases dental supplies for cash, $942. 08: Receives cash of $1,690 from patients for services performed. 14: Bills patients $5,820 for services performed. 18: Pays Green Jacket Co. $3,600 for transaction held on Sept. 02. 19: Withdraws $3,000 cash from the business for personal use. 20: Receives $980 from patients billed on Sept. 14. 30: Pays the following expenses in cash: Salaries $1,800; Utilities $1,500; Refreshment of $85. Instruction: a. Prepare necessary journal entries for the above mentioned transactions. b. Prepare necessary ledger accounts and post the transactions. c. Prepare a Trial Balance as on 30th September, 2021.
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
