~ enter transactions

~ prepare a trial balance

~ prepare an income statement

~ prepare a retained earnings statement

~ prepare a unclassified balance sheet

~ close the ledger

~ post closing trial balance

Problem 3-01 Usted below are the transactions of Chris Anderson, D.D.S., for the month of September Sept. 1 Anderson begins practice as a dentist, invests $21,920 cash and issues 2,192 shares of $10 par stock. 2 Purchases dental equipment on account from Green Jacket Co. for $17.940. 4 Pays rent for office space, $670 for the month. 4 Employs a receptionist, Michael Bradley. 5 Purchases dental supplies for cash, $1,030. 8 Receives cash of $1,840 from patients for services performed. 10 Pays miscellaneous office expenses, $460. 14 Bills patients $5,680 for services performed. 18 Pays Green Jacket Co. on account, $3,550. 19 Pays a dividend of $2,860 cash. 20 Receives $980 from patients on account. 25 Bills patients $1,910 for services performed. 30 Pays the following expenses in cash: Salaries and wages $1,850; miscellaneous office expenses $87. 30 Dental supplies used during September, $310. Record depreciation using a 5-year life on the equipment, the straight-line method, and no salvage value 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 Accounts Receivable Rent Expense Supplies Office Expense Salaries and Wages Expense Supplies Expense Depreciation Expense Equipment Common Stock Dividende Dividends Accounts Payable Service Revenue Accumulated Depreciation Equipment epare a trial balance. (Do not leave any answer field blank. Enter o for amounts.) CHRIS ANDERSON, D.D.S. Trial Balance Debit Credit Total Prepare a retained earnings statement. (List items that increase owner's CHRIS ANDERSON, D.D.S. Statement of Retained Earnings Prepare an unclassified balance sheet. (List assets in order of liquidity.) CHRIS ANDERSON, D.D.S. Balance Sheet Assets Liabilities and Owners' Equity Close the ledger. (Post entries in the order as displayed in the problem statement.) Sept. 1 Sept. 8 Sept. 20 Cash 21,920 Sept. 4 1,840 Sept. 5 980 Sept. 10 Sept. 18 Sept. 19 Sept. 30 Sept. 30 14,233 Accounts Receivable 5,680 Sept. 20 1,910 6,610 Rent Expense 670 670 1,030 460 3,550 2,860 1,850 Sept. 30 Bal. 87 Sept. 14 Sept. 25 Sept. 30 Bal. 980 Sept. 4 Sept. 5 Sept. 30 Bal. Supplies 1,030 Sept. 30 720 Office Expense Sept. 10 460 Sept. 30 87 Salaries and Wages Expense 1,850 Sept. 30 Supplies Expense 310 Sept. 30 Supplies Expense Sept. 30 310 Depreciation Expense Sept. 30 299 Sept. 2 Sept. 30 bal Equipment 17,940 17,940 Common Stock Sept. 1 Sept. 30 bal Retained Earnings 21,920 21,920 Sept. 19 Sept. 30 bal Sept. 18 17,940 14,390 Dividends 2,860 2,860 Accounts Payable 3,550 Sept. 2 Sept. 30 Bal. Service Revenue Sept. 8 Sept. 14 Sept. 25 1,840 5,680 1,910 299 Accumulated Depreciation Equipment Sept. 30 Sept. 30 bal Retained Earnings 21,920 Sept. 19 Sept. 30 bal Sept. 18 Dividends 2,860 2,860 Accounts Payable 3,550 Sept. 2 Sept. 30 Bal. Service Revenue Sept. 8 17,940 14,390 1,840 Sept. 14 5,680 Sept. 25 1,910 Accumulated Depreciation-Equipment Sept. 30 Sept. 30 Bal. Income Summary 299 299 Prepare a post-closing trial balance. CHRIS ANDERSON, D.D.S. Post-Closing Trial Balance 9 Debit Credit