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Direction: The following is the adjusted trial balance of Dr. R. Geller for the period ending December 31, 2020. Prepare the income statement, statement of

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Direction: The following is the adjusted trial balance of Dr. R. Geller for the period ending December 31, 2020. Prepare the income statement, statement of owner's equity, and statement of financial position of the business. DR. R. GELLER Adjusted Trial Balance December 31, 2020 Accounts Debit Credit Cash P 35,000 Fees Receivable 16,500 Allowance for uncollectible fees P2,500 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 - furnitures and fixtures 8,000 Accounts Payable 4,000 Geller, capital 500,000 Geller, drawing 10,000 Professional fees income 170,800 Attendant's salary 30,000 Rent expense 27,000 Utilities expense 12,000 Car driver's wages 15,000

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