I am having trouble filling out the general ledger as well as the trail balance...
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Accounting
I am having trouble filling out the general ledger as well as the trail balance and income statement.
Problem 3-01 Listed below are the transactions of Charles Wilson, D.D.S., for the month of September. Sept. 1 Wilson begins practice as a dentist, invests $20,740 cash and issues 2,074 shares of $10 par stock. 2 Purchases dental equipment on account from Green Jacket Co. for $17,760. 4 Pays rent for office space, $700 for the month. 4 Employs a receptionist, Michael Bradley. 5 Purchases dental supplies for cash, $860. 8 Receives cash of $1,810 from patients for services performed. 10 Pays miscellaneous office expenses, $420. 14 Bills patients $5,850 for services performed. 18 Pays Green Jacket Co. on account, $3,800. 19 Pays a dividend of $2,880 cash. 20 Receives $1,020 from patients on account. 25 Bills patients $2,020 for services performed. 30 Pays the following expenses in cash: Salaries and wages $1,890; miscellaneous office expenses $93. 30 Dental supplies used during September, $330. 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 Sept. 1 20400|| Sept. 4 700 Sept. 8 1810 | Sept. 5 860 Sept. 20 1020 || Sept. 10 420 Sept. 18 3800 nter the transactions shown above in appropriate general ledger accounts (use T-accounts). (Post entries in the order displayed in the problem statement.) Cash Sept. 1 V 20400|||Sept. 4 700 Sept. 8 V 1810|| Sept. 5 860 Sept. 20 V 1020 || Sept. 10 420 Sept. 18 3800 Sept. 20 2880 14910 Sept. 30 Bal. Accounts Receivable Sept. 14 V 5850 | Sept. 20 1020 Sept. 25 2020 6850 Sept. 30 Bal. Rent Expense Sept. 4 700|||Sept. 30 Bal. 700 Sunnlies Supplies Sept. 30 330 330 Sept. 30 Bal. Office Expense Sept. 10 420 Sept. 30 93 513 Sept. 30 Bal. Salaries and Wages Expense Sept. 30 1890 Supplies Expense Sept. 30 330 330|| Sept. 30 Bal. Depreciation Expense Sept. 30 3552 3552 Sept. 30 Bal. Equipment Sept. 2 17760|| Sept. 30 3552 14208 Sept. 30 Bal. Common Stock Sept. 1 20740 14208 Sept. 30 Bal. Common Stock Sept. 1 20740 Sept. 30 Bal. 20740 Dividends Sept. 20 2880 2800 Sept. 30 Bal. Accounts Payable Sept. 18 3800 Sept. 2 17760 Sept. 30 Bal. 13960 Service Revenue Sept. 8 V 1810 V Sept. 14 V 5850 2020 Sept. 25 Accumulated Depreciation-Equipment Sept. 30 > 3552 | Sept. 30 Bal. 3552 Prepare a trial balance. (Do not leave any answer field blank. Enter o for amounts.) CHARLES WILSON, D.D.S. Trial Balance September 30 Debit Credit S Prepare an income statement. (Enter loss using either a negative sign preceding the number e.g.-45 or parentheses e.g. (45).) CHARLES WILSON, D.D.S. Income Statement $ SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT Prepare a retained earnings statement. (List items that increase owner's equity first.) CHARLES WILSON, D.D.S. Statement of Retained Earnings SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT Prepare an unclassified balance sheet. (List assets in order of liquidity.) CHARLES WILSON, D.D.S. Balance Sheet Prepare an unclassified balance sheet. (List assets in order of liquidity.) CHARLES WILSON, D.D.S. Balance Sheet Assets Liabilities and Owners' Equity Close the ledger. (Post entries in the order as displayed in the problem statement.) 700 Sept. 1 Sept. 8 Sept. 20 860 420 3,800 2,880 1,890 Cash 20,740 Sept. 4 1,810 Sept. 5 1,020 Sept. 10 Sept. 18 Sept. 19 Sept. 30 Sept. 30 12,927 Accounts Receivable 5,850 Sept. 20 2,020 6,850 Rent Expense 93 Sept. 30 Bal. 1,020 Sept. 14 Sept. 25 Sept. 30 Bal. Sept. 4 700 Supplies 860 Sept. 30 530 Sept. 5 Sept. 30 Bal. 330 Office Expense Sept. 10 420 sepl. SU Ddi. T Office Expense Sept. 10 420 Sept. 30 93 Salaries and Wages Expense Sept. 30 1,890 Supplies Expense Sept. 30 330 Depreciation Expense Sept. 30 296 Sept. 2 Sept. 30 bal Equipment 17,760 17,760 Common Stock Sept. 1 20,740 font 7an Sept. 30 bal 17,760 Common Stock Sept. 1 Sept. 30 bal Retained Earnings 20,740 20,740 Sept. 19 Sept. 30 bal Dividends 2,880 2,880 Accounts Payable 3,800 Sept. 2 Sept. 30 Bal. Service Revenue Sept. 18 17,760 13,960 Sept. 8 1,810 Sept. 14 5,850 Sept. 25 2,020 Accumulated Depreciation-Equipment Sept. 30 Sept. 30 Bal. 296 296 Sept. 25 2,020 296 Accumulated Depreciation-Equipment Sept. 30 Sept. 30 Bal. Income Summary 296 CHARLES WILSON, D.D.S. Post-Closing Trial Balance Debit Credit
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