Accounting

IV. FINANCIAL STATEMENTS Direction: The following is the adjusted trial balance of Dr. R. gem; for the period ending December 31, 2020. Prepare the income statement, statement of owner's equity, and statement of nancial position of the business. DR. R. GELLER Adjusted Trial Balance December 3], 2020 Accounts Debit Cash 35,000 Fees Receivable 16,500 Allowance for uncollectible fees P 2,500 Prepaid Insurance 5,500 Medical supplies on hand 9,800 Prepaid Rent 10,000 Medical equipment & instruments 180,000 Accumulated Depreciation medical equipment & instrument 18,000 Automobile 250,000 Accumulated Depreciation automobile 30,000 Furniture and Fixtures 120,000 Accumulated Depreciation i furnitures and xtures 8,000 Accounts Payable 4,000 $391191", capital 500,000 99.11%; drawing Professional fees income 170,800 Attendant's salary Rent expense Utilities expense Car driver's wages Repairs and Maintenance Gas and oil Taxes and Licenses