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		$