Recording Transactions Dr Tina Tuckers New Clinic Dr Tina Tucker opened a new, not for profit clinic on January 1, 2014 When the clinic was opened, all account balances were zero During the year, Dr Tuckers clinic completed the following transactions Dr Tucker contributed $100,000 of her own money to provide initial financing for the clinic Dr Tucker purchased equipment for $50,000 in cash Dr Tucker purchased $450 worth of supplies on trade credit Dr Tucker billed patients third party payers for $87,205 of patient care The billings were net of discounts and allowances and no cash was initially collected Dr Tucker used $435 worth of supplies for patient care Dr Tucker received $77,000 in cash payments from patients thirdparty payers that had been billed for services Salaries for the year were $26,000 of which $22,500 had been paid at December 31, 2014 Dr Tucker recorded $5,000 in depreciation expense on her equipment for the year Dr Tucker estimated that $5,600 of patient third party payer billings would be uncollectible Dr Tucker has asked you to prepare her financial statements for 2014 Assuming her clinic has a year end of December 31st , 2014 record the transactions and prepare a balance sheet and income statement in the template provided Please help me prepare a general ledger, balance sheet and statement of accounts for the above data

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Recording Transactions Dr. Tina Tuckers New Clinic Dr. Tina Tucker opened a new, not-for-profit clinic on January 1, 2014. When the clinic was opened, all

Recording Transactions Dr. Tina Tuckers New Clinic

Dr. Tina Tucker opened a new, not-for-profit clinic on January 1, 2014. When the clinic was opened, all account balances were zero. During the year, Dr. Tuckers clinic completed the following transactions:

Dr. Tucker contributed $100,000 of her own money to provide initial financing for the clinic.
Dr. Tucker purchased equipment for $50,000 in cash.
Dr. Tucker purchased $450 worth of supplies on trade credit.
Dr. Tucker billed patients / third-party payers for $87,205 of patient care. The billings were net of discounts and allowances and no cash was initially collected.
Dr. Tucker used $435 worth of supplies for patient care.
Dr. Tucker received $77,000 in cash payments from patients / thirdparty payers that had been billed for services.
Salaries for the year were $26,000 of which $22,500 had been paid at December 31, 2014.
Dr. Tucker recorded $5,000 in depreciation expense on her equipment for the year.
Dr. Tucker estimated that $5,600 of patient / third-party payer billings would be uncollectible.

Dr. Tucker has asked you to prepare her financial statements for 2014. Assuming her clinic has a year-end of December 31st , 2014 record the transactions and prepare a balance sheet and income statement in the template provided.

Please help me prepare a general ledger, balance sheet and statement of accounts for the above data.