Accounting 12

# 2 Dr Thomas maintains an office for the practice of veterinary medicine. The account balances as of Jan 2017 are given below. All are normal balances. Accounts $ Accounts $ Cash 16000 Professional Fees Earned $ 80000 Accounts Receivable 3900 Accounts Payable 1600 Nicola $ 2000 Benn S Supply $ 900 Christine $ 1000 Bling $ 600 Supplies 800 Rent Expense 12000 Prepaid Insurance 800 Automobile Expense 1000 Automobile 30000 Utilities Expense 1200 Furniture and Equipment 59000 Dr Thomas, Capital ???? Salary Expense 15000 DP Thomas, Drawing 7000 Use Customer-> new customer Use Vendor > new Vendor She asked you to prepare the required statements for Jan 2017. Close the book and then record the following transactions which occurred during February Date Transactions for February 02 Paid rent for the 6 month, $6000 by cheque # 43 ACTION 05 Paid $3000 for one year's coverage of liability insurance by cheque # 44 ACTION 06 Bought medical equipment on account from Benn Surgical Supply, $9000 + tax, paying $2000 down by cheque # 45, PI #908 ACTION 08 Bought Supplies $ 6000 + tax by cheque # 46 from Bling ACTION Mr Dan BAN4E Advanced QBooks Assignments 10 Billed patients for services performed + tax Nicola $ 50000 SI # 589- 595 Christine $ 40000 SI # 596- 604 ACTION 13 Paid employee salaries, $21000 by cheque # 47 ACTION 14 ACTION Received and paid gas and electric bill, $3600 + tax by chq # 48 16 Received cash from patients previously billed, by cheque Nicola $ 40000 chq # 758- 770 Christine $ 35000 chq # 25- 141 ACTION 20 Paid creditor- Benn Surgical $5500 by cheque # 49 ACTION 26 ACTION Or Thomas withdrew cash for personal use, $11000 by chq # 50 Adjustment for the month on Feb 27 Insurance used $ 150 Supplies used $ 5300 Utilities bills still due $ 400 Depreciate all fixed assets by 2% pa Rent used $ 2000 Drop Trial Balance Feb 27 ( after adjustments) Drop Balance Sheet Feb 28 ( after closing of books)