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Prepare a Tabular Analysis For the month ended September 2020 1 Begins practice as a Doctor and invests $7,000 cash in the business bank account
Prepare a Tabular Analysis For the month ended September 2020 1 Begins practice as a Doctor and invests $7,000 cash in the business bank account ASSETS LIABILITIES OWNER'S EQUITY Dates Cash Accounts Supplies Equipment Receivable Accounts Notes Notes + Owner's Owner's Revenues Expenses Payable Payable Capital Drawing 2 Purchases equipment with Note Payable $18,000. Payments $1,000 per month start next month [0% interest). 3 Pays rent for office space, $1,000 for the month. 1 2 4 Hires receptionist to start next week. Wages paid end of month. Agreed $500 per week Purchases medical supplies on account for $800. The supplies might last a few months. 3 8 4 9 Receives cash of $4,000 from patients for services performed this day. . 8 9 10 Pays Internet expense for the month $700. 10 14 Bills patients $3,300 for services performed this day. 14 18 Pays supplier of medical supplies $400 on account. 18 19 Withdraws $4,000 cash from the business for personal use. 19 20 Receives $1,000 from patients on account. 20 25 Bills patients $2,000 for services performed this day, 25 30a 30 Pays the following expenses for the month 305 a office wages expense $1,500 phone expense $200 300 b 300 the furniture and equipment has an estimated useful life of 5 years 30d TOTALS 30d there are $500 of supplies remaining at the end of the month
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