Accounting: Balance Sheet

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P3-1
a)
Cash Yasunari Kawabata D.D.S. Capital
Sept 1 20,000 Sept. 4 680 Sept 19 3,000 Sept. 1 20,000 Sept 8 1,690 Sept. 5 942 Sept. 30 6,007 Sept 20 980 Sept. 10 430 23,007 Sept. 18 3,600

Sept. 19 3,000 Accounts Payable
Sept. 30 1,800 Sept 18 3,600 Sept. 2 17,280 Sept. 30 85 Sept. 30 13,680
Sept. 30 Bal 12,133
Service Revenue
Accounts Receivable Sept 30 9,620 Sept. 8 1,690 Sept. 14 5,820 Sept. 20 980 Sept. 14 5,820 Sept. 25 2,110 Sept. 25 2,110
Sept. 30 Bal 6,950 9,620 9,620
Rent Expense Accumulated Depreciation
Sept 4 680 Sept. 30 680 Sept. 30 288 Supplies on Hand Income
Sept. 5 942 Sept. 30 330 Sept. 30 680 Sept. 30 9,620 Sept. 30 Bal 612 Sept. 30 515
Sept. 30 1,800
Office Salaries Expense Sept. 30 288
Sept 30 1,800 Sept. 30 1,800 Sept. 30 330 Sept. 30 6,007
Supplies Expense 9,620 9620
Sept 30 330 Sept. 30 330

Misc. Office Expense
Sept 10 430 Sept. 30 515
Sept. 30 85
515
Depreciation Expense
Sept 30 288 Sept. 30 288

b)
Yasunari Kawabata D.D.S.
Trial Balance
September 30, 2012

DebitCredit
Cash 12,133
Accounts Receivable 6,950
Supplies On hand 612
Furniture & Equipment 17,280
Accumulated Depreciation 288
Accounts Payable 13,680
Capital 17,000
Service Revenue 9,620
Rent Expense 680
Misc. office Expense 515
Office Salaries Expense 1,800
Supplies Expense 330
Depreciation Expense 288
40,588 40,588

c)
Yasunari Kawabata D.D.S.
Income Statement
September 30, 2012

Service Revenue $ 9,620
Expenses
Office Salaries Expense1800
Supplies Expense330
Rent Expense680
Depreciation Expense288
Misc. office Expense515
Total Expenses3613
$ 6,007

Yasunari Kawabata D.D.S.
Statement of Owner's Equity
September 30, 2012

Capital Sept. 1 $ 20,000
Add: net Income 6,007
26,007
Less: Withdrawal 3,000
Yasunari Capital Sept. 30 23,007

d)
Yasunari Kawabata D.D.S.
Balance Sheet
September 30, 2012

Assets Liabilities and Owner's Equity
Cash $ 12,133 Accounts Payable 13,680
Accounts Receivable 6,950 Capital 23,007
Supplies on Hand 612
Furniture & Equipment 17,280
Accumulated Depreciation (288)
Total Assets $ 36,687 Total L&OE $ 36,687

e)
Yasunari Kawabata D.D.S.
Post-Closing Trial Balance
September 30, 2012

DebitCredit
Cash 12,133
Accounts Receivable 6,950
Supplies On hand 612
Furniture & Equipment 17,280
Accumulated Depreciation 288
Accounts Payable 13,680
Capital 23,007
36,975 36,975

P3-2
a)Accounts Receivable3,500
Service Revenue3,500

Unearned Service Revenue1,400
Service Revenue1,400Supplies Expense5,400
Supplies5,400
Depreciation Expense5,000
Accumulated Depreciation5,000
Salaries Expense 1,300
Salaries payable1,300
Interest Expense150
Interest Payable150
Insurance Expense850
Prepaid Insurance850
b)...
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