I am posting all 3 related Problems (P3-1, P3-2, and P3-3), because P3-2 will need to refer back to P3-1 and P3-3 will need to refer back to P3-1 and P3-2. Please see all 3 related problems below. Many thanks in advance.

P3-1 Accrual basis accounting

Oasis Health Csre Inc. is owned and operated by Dr. George Hancock, the sole stockholder. During January 20Y6, Oasis Health Care entered into the following transactions:

Jan. 1 Received $15,000 from Rivers Company as rent for the use of a vacant office in Oasis Health Care's buliding. Rivers paid the rent six months in advance.

1 Paid $4,200 for an insurance premium on a general business policy.

6 Purchased supplies of $1,800 on account.

9 Collected $27,500 for services provided to customers on account.

11 Paid creditors $3,000 on account.

18 Invested in additional $25,000 in the business in exchange for capital stock.

20 Billed patients $62,000 for services provided on account.

25 Received $12,900 for services provided to customers who paid cash.

30 Paid expenses as follows: wages $24,000; utilities $6,000; rent on medical equipment %5,000; interest $200; and miscellaneous $2,500.

30 Paid dividends of $15,000 to stockholders (Dr. Hancock).

Instructions: Anaylize and record the January transactions for Oasis Health Care Inc., using the integrated financial statement framework. Record each transaction by date, and show the balance for each item after each transaction. The January 1, 20Y6, balances for the balance sheet are shown below.

Assets = Liabilities + Stockholders' equity

Accts. Pre. Acct. Acct. . Cash + Rec. + Ins. + Supp. + Building - Acct. Depr. + Land = Pay. + Rev.+ Wage Pay+ Note pay + Cap. stock + Retained earnings

Bal., Jan. 1 20,000 34,500 700 1,000 150,000 - 11,200 120,000 7,500 0 0 30,000 50,000 227,500

P3-2 Adjustment process

Adjustment data for Oasis Health Care Inc. for January are as follows:

1. Insurance expired, $800

2. Supplies on hand, Jnauray 31, $1,100.

3. Depreciation on buliding, $2,500

4. Unearned rent revenue earned, $2,500.

5. Wages owed employees but not paid, $1,700.

6. Services provided but not billed to patients, $10,000.

Instructions: Based on the transactions recorded in January for Problems P3-1 above, record the adjustments for January using the integrated financial statement framework.

P3-3 Financial statements

Data for Oasis Health Care for January are provided in Problems P3-1 and P3-2 above.

Instructions: Prepare an income statement, retained earnings statement, and a classified balance sheet for January. The note payable is due in ten years.