H AutoSave Off File Home Insert Page Layout Data Cash Method HW Protected View Formulas Search Review View Help PROTECTED VIEW Be careful-files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View. H13 fx A B C D E 1 2 ***First Period of Operations 3 4 5 6 a. 7 ***Cash Basis ***Corporation G H owner deposits $10,000 in a bank account in the name of the business(Company) in return for shares of common stock 8 b. Company borrows $250,000 from First Nat'l Bank to finance its operations 9 10 c. Company buys a building for $250,000 11 12 d. The Company received $15,000 of income for services provided for the month 13 14 e. Company paid cash dividends of $5,000 to its stockholders (shareholders) 15 16 f. FHC paid the following expenses during September: 17 18 19 20 21 $1,200 supplies $250 utilities $500 interest expense $350 miscellaneous 22 B The company provided services to patients for $7,500 and will bill the patients at a later date; no cash paid 23 24 25 h. The company paid $1,000 for the first months loan payment to First Nat'l Bank 26 27 28 i. Patients from transaction (g) paid their bill of $7,500 29 30 21 Ena