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Chapter 3 EOC Project SUBMIT IN WORD DOC or PDF FORMAT VIA THE CANVAS ASSI GNMENT NAME AT THE TOP OF EACH PAGE Y PRINT

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image text in transcribed Chapter 3 EOC Project SUBMIT IN WORD DOC or PDF FORMAT VIA THE CANVAS ASSI GNMENT NAME AT THE TOP OF EACH PAGE Y PRINT YOUR NAME AND ASSI Saguaro Home Health provides home nursing services in the greater Phoenix area When contacted by a client nurses visit with patient and discuss needed services with the physician of record. Saguaro earns revenue from patient services Most of the revenues come from billing insurance programs, the State of Arizona or the Medicare Program. The following unadjusted trial balance for December 31, is available Saguaro Home Health Unadjusted Trial Balance December 31 20XX Debit Credit Cash 77,400 Accounts Receivable net 151,000 Medical supplies 73,000 Extended Warranty 3,000 Automobiles 90,000 ARAND. Depreciation Automobiles 60,000 Building 200,000 ARAND. Depreciation, Building 50,000 Accounts Payable 32,000 Mortgage payable 100,000 Saguaro Capital 249, 900 Medical Services Revenue 550,000 Salary Wages Expense 288,000 Gasoline Expense 137,500 Utilities Expense 12,000 Withdrawals 10,000 Totals $1, 041, 900 $1,041,900 Complete the following adjusting entries. a. Wages salaries earned by employees at the end of December but not yet paid amount to $4,000 b. Medical supplies on hand at December 31st amounted to $8,653 c. The company owns 5 automobiles that were all purchased at the same time and are replaced every three years The vehicles typically have no salvage value and the depreciatio methodology is straight line d. The building has an expected useful life of 20 years with no

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