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:

Instructions:

Analyze and record the January transactions for Oasis Health Care Inc., using the integrated financial statement framework. The January 1, 20Y6, balances for the balance sheet are shown below. In addition, the first January 1 transaction has been entered as an example. If an amount box does not require an entry, leave it blank. Enter account decreases and cash outflows as negative amounts. You may print out a copy of the integrated financial statement framework to use as a reference.

Statement of Cash Flows

Balance Sheet

Income Statement

Assets

=

Liabilities

+

Stockholders' Equity

Cash

+

Accounts Receivable

+

Prepaid Insurance

+

Supplies

+

Building

-

Accumulated Depreciation

+

Land

=

Accounts Payable

+

Unearned Revenue

+

Wages Payable

+

Notes Payable

+

Capital Stock

+

Retained Earnings

Balances, 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

Jan. 1. Rec'd rent revenue

15,000

15,000

Balances

Jan. 1. Paid insurance

Balances

Jan. 6. Purchased supplies

Balances

Jan. 9. Collected cash

Balances

Jan. 11. Paid creditors

Balances

Jan. 18. Iss. Cap. Stock

Balances

Jan. 20. Billed patients

Jan. 20.

Balances

Jan. 25. Cash fees

Jan. 25.

Balances

Jan. 30. Paid expenses

Jan. 30.

Balances

Jan. 30. Paid dividends

Balances

Statement of Cash Flows

Income Statement

Jan. 1. Operating

15,000

Jan. 1.

No income statement account affected

0

Jan. 1. SelectOperatingInvestingFinancingNo effect on statement of cash flowsItem 248

Jan. 1.

SelectAccounts payableCapital stockCashPrepaid insuranceNo income statement account affectedItem 250

Jan. 6. SelectOperatingInvestingFinancingNo effect on statement of cash flowsItem 252

Jan. 6.

SelectAccounts payableCashNotes payableSuppliesNo income statement account affectedItem 254

Jan. 9. SelectOperatingInvestingFinancingNo effect on statement of cash flowsItem 256

Jan. 9.

SelectAccounts payableAccounts receivableCashFees earnedNo income statement account affectedItem 258

Jan. 11. SelectOperatingInvestingFinancingNo effect on statement of cash flowsItem 260

Jan. 11.

SelectAccounts payableAccounts receivableCashSuppliesNo income statement account affectedItem 262

Jan. 18. SelectOperatingInvestingFinancingNo effect on statement of cash flowsItem 264

Jan. 18.

SelectCapital stockCashRetained earningsUnearned revenueNo income statement account affectedItem 266

Jan. 20. SelectOperatingInvestingFinancingNo effect on statement of cash flowsItem 268

Jan. 20.

SelectCapital stockCashFees earnedUnearned revenueNo income statement account affectedItem 270

Jan. 25. SelectOperatingInvestingFinancingNo effect on statement of cash flowsItem 272

Jan. 25.

SelectAccounts receivableCashFees earnedUnearned revenueNo income statement account affectedItem 274

Jan. 30. SelectOperatingInvestingFinancingNo effect on statement of cash flowsItem 276

Jan. 30.

SelectAccounts receivableCashWages expenseWages payableNo income statement account affectedItem 278

Jan. 30. SelectOperatingInvestingFinancingNo effect on statement of cash flowsItem 280

Jan. 30.

SelectAccounts payableCashUnearned revenueUtilities expenseNo income statement account affectedItem 282

Net increase in cash

Jan. 30.

SelectAccounts payableCashRent expenseUnearned revenueNo income statement account affectedItem 285

Beginning cash balance, Jan. 1

Jan. 30.

SelectCapital stockInterest expenseFees earnedRetained earningsNo income statement account affectedItem 288

Ending cash balance, Jan. 31

Jan. 30.

SelectAccounts payableCashDividendsMiscellaneous expenseNo income statement account affectedItem 291

Jan. 30.

SelectCapital stockCashDividendsUnearned revenueNo income statement account affectedItem 293

SelectNet incomeNet lossItem 295