Question: Prepare an income statement, a retained earnings statement, and a balance sheet for the dental practice of Ted Terner, DDS, Inc. from the items listed

Prepare an income statement, a retained earnings statement, and a balance sheet for the dental practice of Ted Terner, DDS, Inc. from the items listed below for the month of September.

Retained Earnings, September 1 $22,000

Common Stock 20,000

Accounts payable 7,000

Equipment 30,000

Service revenue 25,000

Dividends 6,000

Dental supplies expense 3,500

Cash 6,000

Utilities expense 700

Dental supplies 2,800

Salaries expense 9,000

Accounts receivable 14,000

Rent expense 2,000

TED TERNER, DDS, INC.

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