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Listed below are the transactions of John Kawabata, D.D.S., for the month of September. ...

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Accounting

Listed below are the transactions of John Kawabata, D.D.S., for the month of September.

Sept. 1 Kawabata begins practice as a dentist and invests $24,270 cash.
2 Purchases dental equipment on account from Green Jacket Co. for $19,020.
4 Pays rent for office space, $728 for the month.
4 Employs a receptionist, Michael Bradley.
5 Purchases dental supplies for cash, $1,014.
8 Receives cash of $1,790 from patients for services performed.
10 Pays miscellaneous office expenses, $500.
14 Bills patients $5,860 for services performed.
18 Pays Green Jacket Co. on account, $3,780.
19 Withdraws $3,360 cash from the business for personal use.
20 Receives $1,020 from patients on account.
25 Bills patients $2,400 for services performed.
30 Pays the following expenses in cash: Salaries and wages $3,640; miscellaneous office expenses $94. (Record each separately.)
30 Dental supplies used during September, $340.

Record depreciation using a 5-year life on the equipment, the straight-line method, and no salvage value.

1. Enter the transactions shown above in appropriate general ledger accounts (use T-accounts). Do not use a drawing account.

2. Close the Ledger

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