) (h) Microsoft Excel K31 A B D E F G H ***First Period of Operations ***Cash Basis ***Corporation a owner deposits $10,000 in a bank account in the name of the business(Company) in return for shares of common stock b. Company borrows $250,000 from First Nati Bank to finance its operations c. Company buys a building for $250,000 d The Company received $15,000 of inome for services provided for the month 3 4 e Company paid cash dividends of $5,000 to its stockholders (shareholders) 5 6 t FHC paid the following expenses during September 7 $1,200 supplies 8 $250 utilities 19 $500 interest expense 20 $350 miscellaneous 21 22 g The company provided services to patients for $7,500 and will bill the patients at a later date, no cash paid 24 25 h The company paid $1,000 for the first months loan payment to First Natl Bank 26 27 Patients from transaction (9) paid their bill of $7,500 29 30 31 32 33 34 35 Notes Transactions Income Stmt Stmt of Retained Earnings Balance Sheet 28 WOEV ETA-TA ENG D E F G H Family Healthcare, PC Income Statement For the Month Ending Sept 30, 2020 Revenue Fees Earned (Sales) Total Revenue Expenses Misc Expense Rent Expense Supplies Supplies Expense Taxes Expense Utilities Expense Wages Expense Total Expenses Net Income(Loss) Transactions Income Strit Stmt of Retained Earnings Balance Sheet ENG (wall b.) Microsoft Exc fo B E F G H Family Healthcare, PC Statement of Retained Earnings For the Month Ending Sept 30, 2020 Retained Earnings Sept 1, 2020 Add: Net Income Less: Dividends Increase in Retained Earnings Retained Earnings Sept 30, 2020 Transactions Income Start Stmt gf Retained Earnings Balance Sheet ENG B D E F G H Family Healthcare, PC Balance Sheet As of Sept 30, 2020 Assets Cash Accounts Receivable Note Receivable Inventory Total Assets Liabilities Accounts Payable Note Payable Total Liablities Owner's Equity Capital Stock Retained Earnings Total Owner's Equity Total Liabilities & Owner's Equity Notes Transactions Income Stmt Stmt of Retained Earnings Balance Sheet JOLEA ENG