Answered step by step
Verified Expert Solution
Question
...
1 Approved Answer
have to make an income statement and balance it out PROBLEM 1.2A On July of this year, R. Green established the Green Rehab Clinic The
have to make an income statement and balance it out
PROBLEM 1.2A On July of this year, R. Green established the Green Rehab Clinic The organizations account headings are presented below. Transactions completed during the month of July follow Owner's Equity Office Professional Accounts Cash + Supplies - Equipment - Equipment Payable - Capital - Drawing + Revenue - Expenses Green deposited $30,000 in a bank account in the name of the business, b. Paid the office rent for the month, $1,800, Ck. No, 2001. 4. Bought supplies for cash. 5362, Ck. No 2002. d. Bought professional equipment on account from Rehab Equipment Company, $18.000 e Bought office equipment from Hi-Tech Computers, 52,890, paying 5890 in cash and placing the balance on account, Ck. No 2003, f. Sold professional services for cash. $4,600. Paid on account to Rehab Equipment Company, 5700, Ck. No. 2004. h. Received and paid the bill for utilities, 367. Ck. No. 2005 1. Paid the salary of the assistant, 51,150, Ck. No 2006. j Sold professional services for cash, 83,868 k. Green withdrew cash for personal use, 51,800, Ck. No 2007 (Continued BREAD neruStep by Step Solution
There are 3 Steps involved in it
Step: 1
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-text-image.webp)
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Step: 3
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started