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I need the answer for (P3-2) and (P3-3). I upload it the answer of (P3-1) in order to complete the rest Problems P3-1 Accrual basis

I need the answer for (P3-2) and (P3-3).
I upload it the answer of (P3-1) in order to complete the rest image text in transcribed
image text in transcribed
Problems P3-1 Accrual basis accounting Oasis Health Care 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 building. 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 an 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 equip- ment, $5,000; interest, $200; and miscellaneous, $2,500. Paid dividends of $15,000 to stockholders (Dr. Hancock). 50 Instructions Analyze 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. Stockholders Liabilities Equity Assets Accts. Un. Wages Notes Capital Retained Cash + Rec. Ins+Supp +Building-Depr+Land Pay.+ Rev. + Pay. +Pay.+Stock Earnings Bal, Jan 1 20.000 34500 700 1,000 150,000-11.200 120,000 7,500 OO30,000 s0,000 227,500 Accts. Pre Acc. P3-2 Adjustment process Adjustment data for Oasis Health Care Inc. for January are as follows: 1. Insurance expired, $800, 2 Supplies on hand on January 31, $1,100 Obj 3 3. Depreciation on building. $2,000. 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 January using the integrated financial statement framework recorded in January for Problem 3-1, record the adjustments for P3-3 Financial statements Data for Oasis Health Care for January are provided in Problems 3-1 and 3-2 Instructions Prepare an income statement, retained earnings statement, and classified balance sheet for January. The note payable is due in ten years obj 4 1. Net income an

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