P3.1B (L0 2,4) (Transactions, Financial StatementsService Company) Listed below are the transactions of Rook Medical, for the month of March.

March 1 Rook begins practice as a family practitioner and invests $50,000 cash.

March 1 Purchases medical equipment on account from JK Enterprises for $22,800.

March 3 Pays rent for office space, $1,500 for the month.

March 3 Employs a receptionist, Michelle Kwin.

March 4 Purchases medical supplies for cash, $1,165.

March 10 Receives cash of $850 from patients for services performed.

March 15 Bills patients $11,560 for services performed.

March 21 Pays JK Enterprises. on account, $7,600.

March 23 Withdraws $3,000 cash from the business for personal use.

March 26 Receives $2,600 from patients on account.

March 30 Bills patients $6,890 for services performed.

March 31 Pays the following expenses in cash: Salaries and wages $2,500; miscellaneous office expenses $910.

March 31 Medical supplies used during the month, $695.

Instructions;

(c) Prepare an income statement, a statement of owners equity, and an unclassified balance sheet.

(d) Close the ledger.