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Adjustment Process San Mateo Health Care Inc. is owned and operated by Rachel Fields, the sole...

Adjustment Process San Mateo Health Care Inc. is owned and operated by Rachel Fields, the sole stockholder. The account balances after all of the month's transactions were recorded appear on the first line of the integrated financial statement framework below. Adjustment data for San Mateo Health Care Inc. for January are as follows:

Insurance expired, $900.

Supplies on hand on January 31, $1,200.

Depreciation on building, $2,300.

Unearned rent revenue earned, $3,000.

Wages owed employees but not paid, $2,900.

Services provided but not billed to patients, $5,000.

Instructions: Record the adjustments for January using the integrated financial statement framework. If an amount box does not require an entry, leave it blank. Enter account decreases and cash outflows as negative amounts.

Statement of Cash Flows Balance Sheet
Assets = Liabilities + Stockholders' Equity
Cash + Accounts Receivable + Prepaid Insurance + Supplies + Building - Accumulated Depreciation + Land = Accounts Payable + Unearned Revenue + Wages Payable + Notes Payable + Common Stock + Retained Earnings
Balances 37,000 64,500 6,700 3,000 150,000 -11,200 120,000 4,500 27,000 0 30,000 60,000 248,500
Jan. 31. Insurance expense
Balances
Jan. 31.
Balances
Jan. 31.
Balances
Jan. 31.
Balances
Jan. 31.
Balances
Jan. 31.
Balances, Jan. 31
Statement of Cash Flows Income Statement
Jan. 1. Operating $27,000 Jan. 20. Fees earned $52,000
Jan. 1. Operating -6,000 Jan. 25. Fees earned 15,000
Jan. 9. Operating 32,000 Jan. 30. Wages expense -31,000
Jan. 11. Operating -5,000 Utilities expense -8,500
Jan. 18. Financing 10,000 Rent expense -5,300
Jan. 25. Operating 15,000 Interest expense -200
Jan. 30. Operating -48,000 Miscellaneous expense -3,000
Jan. 30. Financing -8,000 Jan. 31.
Net increase in cash $17,000
Beginning cash balance, Jan. 1 20,000
Ending cash balance, Jan. 31 $37,000
Net income $
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