INTERM FINANCIAL ACCTG I/ CALCULATOR STANDARD VIEW Problem 3-01 Listed below are the transactions of Donald Martin, D.D.S., for the month of September Sept. 1 Martin begins practice as a dentist, invests $20,420 cash and issues 2,042 shares of $10 par stock. 2 Purchases dental equipment on account from Green Jacket Co. for $18,180. 4 Pays rent for office space, $650 for the month. 4 Employs a receptionist, Michael Bradley 5 Purchases dental supplies for cash, $980. 8 Receives cash of $1,720 from patients for services performed. 10 Pays miscellaneous office expenses, $420, 14 Bills patients $5,270 for services performed 18 Pays Green Jacket Co. on account, $3,630. 19 Pays a dividend of $2,860 cash 20 Receives $1,000 from patients on account. 25 Bills patients $2,170 for services performed 30 Pays the following expenses in cash: Salaries and wages $1,870, miscellaneous office expenses $86. 30 Dental supplies used during September, $290. 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). Cash Sept. 2 > 18,180 Sept. 4 650 Sept. 8 1,720 Sept. 5 980 Sept. 20 1,000|||Sept. 10 420 Sept. 18 3,630 Sept. 19 2,860 Sept. 30 1,870 Sept. 30 86 Sept. 30 Bal. Sept. 30 Bal. Accounts Receivable 10,496 Sept. 14 Sept. 20 Sept. 25 Sept. 30 Bal. Rent Expense > Supplies Offinu Office Expense Salaries and Wages Expense Supplies Expense Depreciation Expense