Question
Oasis Health Care Inc. is owned and operated by Dr. George Hancock, the sole stockholder. The account balances after all of the month's transactions were
Oasis Health Care Inc. is owned and operated by Dr. George Hancock, the sole stockholder. The account balances after all of the month's transactions were recorded appear on the first line of the integrated financial statement framework below.
Adjustment data for Oasis Health Care Inc. for January are as follows:
Insurance expired, $800.
Supplies on hand on January 31, $1,100.
Depreciation on building, $2,000.
Unearned rent revenue earned, $2,500.
Wages owed employees but not paid, $1,700.
Services provided but not billed to patients, $10,000.
Instructions:
Record the adjustments for January using the integrated financial statement framework. If an amount box does not require an entry, leave it blank. Enter account decreases and cash outflows as negative amounts.
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