Prepare balances and adjustments.

Assume that the December transactions for Family Health Care are as follows:

a. Received cash of $1,900 from patients for services provided on account during November.

b. Provided services of $10,800 on account.

c. Received $6,500 for services provided for patients who paid cash.

d. Purchased supplies on account, $400. Received $6,900 from insurance companies that paid on patients accounts for services that had been previously billed.

e. Paid $310 on account for supplies that had been purchased.

f. Expenses paid during December were as follows: wages, $4,200, including $220 accrued at the end of November; rent, $800; utilities, $610; interest, $100; and miscellaneous, $520.

g. Paid dividends of $1,200 to stockholders (Dr. Landry).

Beginning Balances as of December 1 (ending balances for November):

The adjustments for December are as follows:

a. Prepaid insurance expired, $1,100

b. Supplies used, $275.

c. Depreciation on office equipment, $160.

d. Unearned revenue earned, $360.

e. Wages owed employees but not paid, $340.

f. Services provided but not billed to insurance companies, $1,050.

Beginning Balances as of December 1 (ending balances for November): Cash+ A/R + Prepd + Supp + Office - A/D + Land = Notes + A/P + Wages+Unearned+ Stock+R/E Insurance Equip Payable Payable Revenue 7,730 2,650 7,300 90 8,500 -160 12,000 = 16.800 140 220 1,440 11,000 8,510