For the exclusive use of M. Alghamdi, 2020. HBSP Product Number TCG141 THE CRIMSON PRESS CURRICULUM CENTER THE CRIMSON GROUP, INC. Docs in a Box, Inc. Dixos in a Bon, Inc., an almost full service urgent care center, hegan business on December 1. The following data summarize the events that took place during the first month of operations 1 Two scmiretired physicians contributed a total of $65.000 in cash to help the organization get started. They each planned to work for the center 20 hours per week 2 One of the physicians took out a 530 000 mortgage on her home to replace her investment in the center The center bowed SIS DOO on a one-year note.at an interest rate of 10% Equipment and furniture, with an estimated useful life of 12 years and no salvage value, were acquired and installed at a cost of $36/XX, paid in cash. S $25000 of medical supplies were acquired on account 6 The center signed a rental agreement for $72.000 for the first year of operations, and mude its first monthly rental payment in cash, of 56.000 7 Revenue for the month was 40.000. Or this, S8000 was on account and the rest in cash, 3 4 9 Semimonthly wages of S4000 were earned and paid in cash At mid-mouth, a new part-time employee was hired at an annual salary of S12.000 10. $3.500 was received from patients in puyment on their accounts 11 The center paid 21.000 to its suppliers for medical supplies previously acquired, 12 The medical supply inventory at the end of the month was SIS DOO 13 Semimcnthly wages of $4,500 were cared as of December 31, but the next payday wasn't until January 2 14 51.250 of the loan principal was repaid. No interest payments were made Assignment Prepare an income statement for December, and a balance sheet as of December 31 This case was prepared by Peward W. Yung time was forces dhe te dhe sateeither elective recive handling of an administrative Copyright 2013 by The Orice In To under the permissioner this document Carles Publicatieschumphuphuvad. Under province of Sundet mal copyright laws, no part of this does may be reproel red, tried in any form or by Tan WAS Shipper AD O A 2021 n For the exclusive use of M. Alghamdi, 2020. HBSP Product Number TCG141 THE CRIMSON PRESS CURRICULUM CENTER THE CRIMSON GROUP, INC. Docs in a Box, Inc. Dixos in a Bon, Inc., an almost full service urgent care center, hegan business on December 1. The following data summarize the events that took place during the first month of operations 1 Two scmiretired physicians contributed a total of $65.000 in cash to help the organization get started. They each planned to work for the center 20 hours per week 2 One of the physicians took out a 530 000 mortgage on her home to replace her investment in the center The center bowed SIS DOO on a one-year note.at an interest rate of 10% Equipment and furniture, with an estimated useful life of 12 years and no salvage value, were acquired and installed at a cost of $36/XX, paid in cash. S $25000 of medical supplies were acquired on account 6 The center signed a rental agreement for $72.000 for the first year of operations, and mude its first monthly rental payment in cash, of 56.000 7 Revenue for the month was 40.000. Or this, S8000 was on account and the rest in cash, 3 4 9 Semimonthly wages of S4000 were earned and paid in cash At mid-mouth, a new part-time employee was hired at an annual salary of S12.000 10. $3.500 was received from patients in puyment on their accounts 11 The center paid 21.000 to its suppliers for medical supplies previously acquired, 12 The medical supply inventory at the end of the month was SIS DOO 13 Semimcnthly wages of $4,500 were cared as of December 31, but the next payday wasn't until January 2 14 51.250 of the loan principal was repaid. No interest payments were made Assignment Prepare an income statement for December, and a balance sheet as of December 31 This case was prepared by Peward W. Yung time was forces dhe te dhe sateeither elective recive handling of an administrative Copyright 2013 by The Orice In To under the permissioner this document Carles Publicatieschumphuphuvad. Under province of Sundet mal copyright laws, no part of this does may be reproel red, tried in any form or by Tan WAS Shipper AD O A 2021 n