Enter the transactions shown above in appropriate general ledger accounts (use T-accounts). (Post entries in the order displayed in the problem statement.) Cash <
Enter the transactions shown above in appropriate general ledger accounts (use T-accounts). (Post entries in the order displayed in the problem statement.) Cash <
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Listed below are the transactions of Joseph Moore, D.D.S., for the month of September.
Sept. 1
2
4
4
5
8
10
14
18
19
20
25
30
30
Moore begins practice as a dentist, invests $20,030 cash and issues 2,003 shares of $10 par stock.
Purchases dental equipment on account from Green Jacket Co. for $17,820.
Pays rent for office space, $690 for the month.
Employs a receptionist, Michael Bradley.
Purchases dental supplies for cash, $900.
Receives cash of $1,770 from patients for services performed.
Pays miscellaneous office expenses, $420.
Bills patients $5,950 for services performed.
Pays Green Jacket Co. on account, $3,760.
Pays a dividend of $3,090 cash.
Receives $1,060 from patients on account.
Bills patients $1,980 for services performed.
Pays the following expenses in cash: Salaries and wages $1,700; miscellaneous office expenses $83.
Dental supplies used during September, $320.
Record depreciation using a 5-year life on the equipment, the straight-line method, and no salvage value.

Transcribed Image Text:Enter the transactions shown above in appropriate general ledger accounts (use T-accounts). (Post entries in the order displayed in
the problem statement.)
Cash
Accounts Receivable
Rent Expense
Supplies
Office Expense
Salaries and Wages Expense
Supplies Expense
<
<
<
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