Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. listed below are the transactions of joseph moore,

Listed below are the transactions of Joseph Moore, D.D.S., for the month of September Sept....

50.1K

Verified Solution

Question

Accounting

image
Listed below are the transactions of Joseph Moore, D.D.S., for the month of September Sept. Moore begins practice as a dentist, invests $20,030 cash and issues 2,003 shares of $10 par stock. 2 Purchases dental equipment on account from Green Jacket Co.for $17.820. 4 Pays rent for office space. $690 for the month. 4 Employs a receptionist, Michael Bradley 5 Purchases dental supplies for cash. $900. 8 Receives cash of $1,770 from patients for services performed. 10 Pays miscellaneous office expenses, $420. 14 Bills patients $5.950 for services performed. 18 Pays Green Jacket Co. on account, $3.760. 19 Pays a dividend of $3,090 cash. 20 Receives $1,060 from patients on account. 25 Bills patients $1,980 for services performed. 30 Pays the following expenses in cash: Salaries and wages $1.700; miscellaneous office expenses $83. 30 Dental supplies used during September, $320. 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 displayed in the problem statement.) Ofe 9 DELL

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students