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Haas Sports Injury Clinic In March, Dr. K. Haas, established the Haas Sports Injury Clinic. The clinic's accounts are presented on the columnar format
Haas Sports Injury Clinic In March, Dr. K. Haas, established the Haas Sports Injury Clinic. The clinic's accounts are presented on the columnar format document. The following transactions occurred during the month of May. Record the transactions in the columnar format document and balance after each transaction. a. Haas deposited $35,000 in a bank account in the name of the business. b. Paid $1,800 for a one-year general liability insurance policy, check number 150. c. Paid the rent for the month, $2,200, check number 151. d. Bought bulk medical supplies for cash from Medco LLC, $2,135, check number 152. e. Bought professional equipment on account from Med-Tech Solutions, Inc., $18,000. f. Bought office equipment on account from Equipment Ready Company, $1,955. g. Sold professional services on account to Central City High School, $5,000. h. Sold professional services for cash, $8,960. i. Paid on account to Med-Tech Solutions, Inc., $3,000, check number 153. j. Received and paid the bill for utilities, $340, check number 154. k. Paid the salary of an office assistant, $1,745, check number 155. 1. Sold professional services for cash, $10,225. m. Haas withdrew cash for personal use, $4,000, check number 156. Write the account ending balances from the left side of the equals sign and total them. Write the account ending balances from the right side of the equals sign and total them. Remember, drawing and all expense accounts decrease the owner's equity. The total on the left side of the equals sign and the total on the right side of the equals sign must be the same amount.
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