P3-1 (L02,4,5) (Transactions, Financial Statements—Service Company) Listed below are the transactions of Yasunari Kawa-bata, D.D.S., for the...

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P3-1 (L02,4,5) (Transactions, Financial Statements—ServiceCompany) Listed below are the transactions of Yasunari Kawa-bata,D.D.S., for the month of September.
Sept. 1 Kawabata begins practice as a dentist and invests$20,000 cash.
2. Purchases dental equipment on account from Green Jacket Co. for$17,280. 4 Pays rent for office space, $680 for the month.
4. Employs a receptionist, Michael Bradley.
5. Purchases dental supplies for cash, $942.
8. Receives cash of $1,690 from patients for servicesperformed.
10. Pays miscellaneous office expenses, $430.
14. Bills patients $5,820 for services performed.
18. Pays Green Jacket Co. on account, $3,600.
19. Withdraws $3,000 cash from the business for personal use.
20. Receives $980 from patients on account.
25. Bills patients $2,110 for services performed.
30. Pays the following expenses in cash: salaries and wages $1,800;miscellaneous office expenses $85.
30. Dental supplies used during September, $330.
Record the transactions in General Journal format only, *****Use the Drawings account.
Determine the balances in each of the accounts as of September30.

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Solution Journal Entries Yasunari Kawabata Date Particulars Debit Credit 1Sep Cash Dr 2000000 To Kawabata capital 2000000 To record capital invested in business 2Sep Dental Equipment Dr 1728000 To accounts payable 1728000 To record puchase of equipment 4Sep Office rent Dr 68000 To Cash 68000 To record payment of office rent 4Sep No Entry 5Sep Dental Supplies Dr 94200 To Cash 94200 To record purchase of dental supplies 8Sep Cash Dr 169000 To Service revenue 169000 To record service performed 10Sep Office expenses Dr 43000 To Cash 43000 To record office expenses 14Sep Accounts receivables Dr 582000 To Service revenue 582000 To record service performed See Answer

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P3-1 (L02,4,5) (Transactions, Financial Statements—ServiceCompany) Listed below are the transactions of Yasunari Kawa-bata,D.D.S., for the month of September.Sept. 1 Kawabata begins practice as a dentist and invests$20,000 cash.2. Purchases dental equipment on account from Green Jacket Co. for$17,280. 4 Pays rent for office space, $680 for the month.4. Employs a receptionist, Michael Bradley.5. Purchases dental supplies for cash, $942.8. Receives cash of $1,690 from patients for servicesperformed.10. Pays miscellaneous office expenses, $430.14. Bills patients $5,820 for services performed.18. Pays Green Jacket Co. on account, $3,600.19. Withdraws $3,000 cash from the business for personal use.20. Receives $980 from patients on account.25. Bills patients $2,110 for services performed.30. Pays the following expenses in cash: salaries and wages $1,800;miscellaneous office expenses $85.30. Dental supplies used during September, $330.Record the transactions in General Journal format only, *****Use the Drawings account.Determine the balances in each of the accounts as of September30.