Please help me prepare this GL Below are the transactions for the month of Septe
ID: 2457927 • Letter: P
Question
Please help me prepare this GL Below are the transactions for the month of September Date 1 begins practice as DDS and invests $20,000cash 2 purchases furniture and dental equip onacct from Green Jacket Co. for $17,280 4 pays rent for office space, $680 permonth 4 employs receptionist, Michael Bradley 5 purchases dental supplies for cash$942 8 receives cash of $1,690, from patients forservices performed 10 pays misc office expenses, $430 14 bils patiens $5120 for servicesperformed 18 pays green jacet co on acct $3600 19 withdraws $3000 cash from the business forpersonal use 20 receives $980 from patients on acct 25 bills patienst $2110 for servicesperformed 30 pays the following expenses in cash:office salaries $1400, misc office exp $84 30 dental supplies used during sept$330 a) Enter the transactions shown above in appropriate generalledger accounts. Use the following ledger accounts: cash,accounts receivable, supplies on hand, furniture and equipment,accumulated deprecition, accounts payable, shigeki muruyama,capital, service revenue, rent expense, misc office expense, officesalaries expense, supplies expense, depreciation expense, andincome summary. Allow 10 lines for the cash and incomesummary accounts, and 5 lines for each of the other accountsneeded. record depreciation using a 5-year life on thefurniture and equipment, the straight-line method, and no salvagevalue. Do not use a drawing account. b) prepare a trial balance c) preapare an income statement, an unclassified balancesheet, and a statement of owners equity d) close the ledger e) prepare a post-closing trial balance Please help me prepare this GL Below are the transactions for the month of September Date 1 begins practice as DDS and invests $20,000cash 2 purchases furniture and dental equip onacct from Green Jacket Co. for $17,280 4 pays rent for office space, $680 permonth 4 employs receptionist, Michael Bradley 5 purchases dental supplies for cash$942 8 receives cash of $1,690, from patients forservices performed 10 pays misc office expenses, $430 14 bils patiens $5120 for servicesperformed 18 pays green jacet co on acct $3600 19 withdraws $3000 cash from the business forpersonal use 20 receives $980 from patients on acct 25 bills patienst $2110 for servicesperformed 30 pays the following expenses in cash:office salaries $1400, misc office exp $84 30 dental supplies used during sept$330 a) Enter the transactions shown above in appropriate generalledger accounts. Use the following ledger accounts: cash,accounts receivable, supplies on hand, furniture and equipment,accumulated deprecition, accounts payable, shigeki muruyama,capital, service revenue, rent expense, misc office expense, officesalaries expense, supplies expense, depreciation expense, andincome summary. Allow 10 lines for the cash and incomesummary accounts, and 5 lines for each of the other accountsneeded. record depreciation using a 5-year life on thefurniture and equipment, the straight-line method, and no salvagevalue. Do not use a drawing account. b) prepare a trial balance c) preapare an income statement, an unclassified balancesheet, and a statement of owners equity d) close the ledger e) prepare a post-closing trial balanceExplanation / Answer
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