Question

Problem 3-01 (Part Level Submission) Listed below are the transactions of David Davis, D.D.S., for the month of September. Sept.   1 Davis begins practice as a dentist, invests $21,900 cash and issues 2,190 shares of $10 par stock. 2 Purchases dental equipment on account from Green Jacket Co. for $17,640. 4 Pays rent for office space, $670 for the month. 4 Employs a receptionist, Michael Bradley. 5 Purchases dental supplies for cash, $910. 8 Receives cash of $1,570 from patients for services performed. 10 Pays miscellaneous office expenses, $460. 14 Bills patients $6,330 for services performed. 18 Pays Green Jacket Co. on account, $3,930. 19 Pays a dividend of $3,250 cash. 20 Receives $1,030 from patients on account. 25 Bills patients $1,980 for services performed. 30 Pays the following expenses in cash: Salaries and wages $1,730; miscellaneous office expenses $84. 30 Dental supplies used during September, $300. Record depreciation using a 5-year life on the equipment, the straight-line method, and no salvage value.

(a) Enter the transactions shown above in appropriate general ledger accounts (use T-accounts). (Post entries in the order displayed in the problem statement.)

Answer 1

Cash Ale Comman Stock 21900 Service Revenue 1570 Accounts Receivables 1030 Rent Dental Supplies office expense. Accounts payable Dividend Salaries & wages office Expenes Ending Balance 670 910 460 3930 3250 1730 .84 113466 12500 24500 2 Comman Stock Al Cash Alc 21900 Ending Balanse 21900 21900 21900 Dental Equipment Alc 14640. Accounts payable Ending Balance 176 4:0 17640 1 17640

Accounts payable Alc. Cash Alc 3930. Dental Equip- 136 40 Ending balance 13710 117640 13640 Afc. Rent 670 I Cash Ato Ending balan 670 Cash Dental suppies 910. Supplies Expen sel 300. Ending balance 610 910 910 Service Revenue Alc. 1570 Cash Alc Accounts Receiv 6330 فاطه Ending balance 9880 Accounts of 1980 Receivables 9880 198802

office expense C 460. Cash Cash 1 Ending balance 544 544 544 Cash Dividend Alc. 3250. Ending balance 3250 3250 3250 Salary & wages طقه 1730. Ending balance 1730 1730 1730 Depreciation Expense Arte 3528 Accumalated dep- reciation (1764015) Ending balance 3528 1:3528 3528 Accumalated deporvation Alc. 3528 Depreciation Expense Ending balanı 3528 3528 :3528

Accounts Receivables Service Revenue Gervie Revenue 6330. 1980 Cash Afc 1030 Ending balance 7280 18310) 8.310 Supplies Expense Supplies 300 Ending balance 300 300 300
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