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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.



Statement of Cash FlowsBalance SheetIncome 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
40,500
69,000
4,900
2,800
150,000
-11,200
120,000
6,300
15,000
0
30,000
75,000
249,700

Jan. 31.Select Accounts receivable Cash Insurance expense Prepaid insurance No income statement account affected Item 1

























Jan. 31.
Balances


























Jan. 31.Select Accounts payable Retained earnings Supplies Supplies expense No income statement account affected Item 28

























Jan. 31.
Balances


























Jan. 31.Select Accumulated depreciation Building Depreciation expense Notes payable No income statement account affected Item 55

























Jan. 31.
Balances


























Jan. 31.Select Rent expense Rent revenue Retained earnings Unearned revenue No income statement account affected Item 82

























Jan. 31.
Balances


























Jan. 31.Select Cash Interest expense Wages expense Wages Payable No income statement account affected Item 109

























Jan. 31.
Balances


























Jan. 31.Select Accounts receivable Cash Fees earned Unearned revenue No income statement account affected Item 136

























Jan. 31.
Balances, Jan. 31


























Statement of Cash Flows
Income Statement

Jan. 1. Operating15,000

Jan. 20.Fees earned
62,000

Jan. 1. Operating-4,200

Jan. 25.Fees earned
12,900

Jan. 9. Operating27,500

Jan. 30.Wages expense
-24,000

Jan. 11. Operating-3,000

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