Izabela Sunland, MS | ||
Income statement | ||
For the period Sep.30 (amount in $) | ||
service | 10835 | |
other service | 10600 | |
total services | 21435 | |
less:expenses | ||
salaries | 4300 | |
rent | 1985 | |
advertising | 205 | |
telephone | 345 | |
total expenses | 6835 | |
net income | 14600 |
Izabela Sunland, MS | |
Statement of owners equity | |
As of Sep.30 (amount in $) | |
beginning capital | 4807 |
add:net income | 14600 |
less:withdrawals | -725 |
ending balance | 18682 |
Izabela Sunland, MS | |
Balance Sheet | |
As of Sep.30 (amount in $) | |
cash | 5601 |
accounts receivable | 14335 |
supplies | 517 |
equipment | 9690 |
total assets | 30143 |
liabilities and owners equity | |
liabilities | |
accounts payable | 5461 |
notes payable | 6000 |
total liabilities | 11461 |
stockholders equity | |
capital | 4082 |
retained earnings | 14600 |
total stockholders equity | 18682 |
total liabilities and stockholders equity | 30143 |
Current Attempt in Progress Izabela Sunland opened a medical office under the name Izabela Sunland, MD,...
Izabela Cullumber opened a medical office under the name Izabela Cullumber, MD, on August 1, 2021. On August 31, the balance sheet showed Cash $2,800; Accounts Receivable $2,500; Supplies $503; Equipment $7,000: Accounts Payable $4,080; Note Payable $2,800; and I. Cullumber, Capital, $5,923. During September, the following transactions occurred: Sept. 4 Collected $900 of accounts receivable. 5 Provided services of $10,869, of which $7,000 was collected from patients and the remainder was on account. 7 Paid $1,700 on accounts payable....
/34918/assignments/3638945 Current Attempt in Progress RU A Izabela Ivanhoe opened a medical office under the name Izabela Ivanhoe, MD, on August 1, 2021. On August 31, the balance sheet showed Cash $2,300; Accounts Receivable $2,500; Supplies $488; Equipment $7,000; Accounts Payable $4.270, Note Payable $2,300, and Ivanhoe, Capital, $5,718. During September, the following transactions occurred: Sept. 4 Collected $950 of accounts receivable. 5 Provided services of $10,372, of which $7,000 was collected from patients and the remainder was on account....
Izabela Ivanhoe opened a medical office under the name Izabela Ivanhoe, MD, on August 1, 2021. On August 31, the balance sheet showed Cash $2,300; Accounts Receivable $2.500: Supplies $488: Equipment $7.000: Accounts Payable $4,270; Note Payable $2,300; and I. Ivanhoe, Capital, 55,718. During September, the following transactions occurred: Sept. 4 Collected $950 of accounts receivable. 5 Provided services of $10.372 of which $7,000 was collected from patients and the remainder was on account. 7 Paid $1,200 on accounts payable....
View Policies Current Attempt in Progress Nancy Jackson opened a law office on July 1, 2020. On July 31, the balance sheet showed Cash $5,200, Accounts Receivable $1,900, Supplies $500, Equipment $6,300, Accounts Payable $4,300, and Owner's Capital $9,600. During August, the following transactions occurred. 1. Collected $1,600 of accounts receivable. 2. Paid $2,800 cash on accounts payable. 3. Recognized revenue of $8,500, of which $3,200 is collected in cash and the balance is due in September. Purchased additional equipment...
C Get Homnework Help W X C Presented Bekow Are E x C Presented Below Are EiX C rented Below Are E X + rses/34915/assignments/3638967 View Policies Current Attempt in Progress Izabela Sheridan opened a medical office under the name Izabela Sheridan, MD, on August 1, 2021. On August 31, the balance sheet showed Cash $2,900; Accounts Receivable $2,300; Supplies $497; Equipment $6,800; Accounts Payable $4,780; Note Payable $2,900; and 1. Sheridan, Capital, $4,817. During September, the following transactions occurred:...
Question 2 of 6 > -/1 E View Policies Current Attempt in Progress Barbara Jones opened a law office on July 1, 2020. On July 31, the balance sheet showed Cash $6,000, Accounts Receivable $1,600, Supplies $400. Equipment $6.000. Accounts Payable $4.000. and Owner's Capital $10,000. During August, the following transactions occurred. DONO UN Collected $1.300 of accounts receivable. Paid $2.500 cash on accounts payable. Recognized revenue of $8.700, of which $2.100 is collected in cash and the balance is...
question P1-8A 10. On March 31, she performed $3,500 of legal services on account. 11. On March 31, she received $2,500 cash for legal services to be provided in April. 12. On March 31, she paid her receptionist $500 for the week. 13. On March 31, she paid $400 for the supplies purchased on account on March 21. Instructions (a) Prepare a tabular analysis of the effects of the above transactions on the accounting equation. (6) Calculate profit and owner's...
Judi Salem opened a law office on July 1, 2017. On July 31, the balance sheet showed Cash $5,000, Accounts Receivable $1,700, Supplies $500, Equipment $5,700, Accounts Payable $3,600, and Owner’s Capital $9,300. During August, the following transactions occurred. 1. Collected $1,400 of accounts receivable. 2. Paid $2,800 cash on accounts payable. 3. Recognized revenue of $7,700, of which $2,500 is collected in cash and the balance is due in September. 4. Purchased additional equipment for $2,100, paying $500 in...
equest P Redirect Show Attempt History Current Attempt in Progress Bindy Crawford created a corporation providing legal services, Skysong, Inc., on July 1, 2022. On July 31 the balance sheet showed: Cash $5,700; Accounts Receivable $6,450; Supplies 5990; Equipment $8,950; Accounts Payable $8,150; Common Stock $11,850; and Retained Earnings $2,090. During August the following transactions occurred. Aug. 1 Collected $1,170 of accounts receivable due from customers. 4 Paid $2,730 cash for accounts payable due. 9 Performed services worth 56,100, of...
View Policies Current Attempt in Progress Bindy Crawford created a corporation providing legal services, Skysong, Inc., on July 1, 2022. On July 31 the balance sheet showed: Cash $5,700; Accounts Receivable $6,450; Supplies $990; Equipment $8,950; Accounts Payable $8,150; Common Stock $11,850; and Retained Earnings $2,090. During August the following transactions occurred. ng port Collected $1,170 of accounts receivable due from customers. Aug. 1 Paid $2,730 cash for accounts payable due. Performed services worth $6,100, of which $3,500 is collected...