Transactions follow for Emily Cain, D.D.S., for the month of September:

Instructions
(a) Enter the transactions in appropriate ledger accounts, using the following account titles: Cash; Accounts Receivable; Prepaid Rent; Supplies; Equipment; Accumulated Depreciation-Equipment; Accounts Payable; Emily Cain's Owner's Drawings; Service Revenue; Rent Expense; Miscellaneous Expense; Salaries and Wages Expense; Supplies Expense; Depreciation Expense; Income Summary; and Emily Cain's Owner's Capital. Allow 10 lines for the Cash and Income Summary accounts, and five lines for each of the other accounts that are needed. Record depreciation on the equipment using the straightline method, five-year useful life, and no residual value.
(b) Prepare an adjusted trial balance.
(c) Prepare an income statement, balance sheet, and statement of owners' equity.
(d) Prepare a post-closing trial balance at September 30.

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Sept. 1Cain begins practice as a dentist and invests $32,000 cash 2 4 Purchases dental equipment on account from Dig Deep Drill Limited for $12,500 Pays rent for office space, $1,300 in total for the months of September and October (i.e., $650 per month) Employs a receptionist, Wanda Phillips 4 5 Purchases dental supplies for cash, $900 8 Receives cash of $1,960 from patients for services performed and $1.600 for referrals to specialists. Pays miscellaneous expenses Bills patients $4,740 for services performed Pays Dig Deep Drill Limited on account, $6,300 Withdraws $2,000 cash from the business for personal use Receives $2,100 from patients on account. Bills patients $2.780 for services performed Pays the following expenses in cash: salaries and wages, $1,400; and miscellaneous expense, $85. Dental supplies used during September amount to $330. 10 14 18 19 20 , $680 25 30 30