San Mateo Health Care Inc. is owned and operated by Rachel Fields, the sole stockholder.

During January 20Y6, San Mateo Health Care entered the following transactions:

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P3-1 Accrual basis accounting San Mateo Health Care Inc. is owned and operated by Rachel Fiekds, the sole stockholder During January 20Y6, San Mateo Health Care entered into the following transactions Jan. 1 Received $27,000 from Hillard Conpany as kr the use of a vacant once in San Mateo Health Care's buildang. Hdllard paid the rent nine months in advance 1 Paid $6,000 for a one year gencral insurance business policy 6 Purchased supplies of $1,800 on account. 9 Collected $32,000 for services provided to customers on account. 11 Paid credilors $5,000 on account. 18 Invested an addational $10,000 in the business in exchange for common stock 20 Balled patients $52,000 for services provided on account. 25 Received $15,000 for services provided to customers who paid cash 0 Paid expenses as follows: wages, $31,000, utilities, $8,500, rent on medical equip ment, $5.300, interest, $200, and miscellaneous, $3,000 50 Paid dividends of $8,000 to stockholder (DE. Fields) Instructions Analyze and record the January transactions for San Mateo Health Care Inc., using the integrated financial statement framework. Record each transaction by date, and show the balance for each tem after each transaction. The January 1, 20Y6, balances for the balance sheet are shown below Assets Liabilities+ +Stockholders Equity Accts Pre . Accts. Un Wages Notes Common Retained CashRec InsSupp Building Depr. LandPay Rev.+ Pay Pay. Stock Eamings 0 30000 50,000 237500 Ral, Jan.1 20,000 44500 700 1,200 150,000 (11200) 120,000 7,700 Stock holders AcePre. recible ins Supp Buildings Ace.dep Land Aces pabl Un.re ges pabl Note's payble cash common stk Retained earnings New balance 47,000 44,500 7002 150,000 (11,200) 120,00 New balance 39.200 44,500 7002 150,000 (11,200) 120,00 New balance 68200 12,500 700 ,200 150,000 (11200) 120,000 New balance 128 200 64,500 700 ,200 150,000 (11200) 120,000 New balance 143.200 64,500 700 ,200 150,000 (11200) 120,000 31,000) (Wages expense) 8500) (iWes exp) 5.300) (Medical eqp exp) New balance 95.200 500 700 150,000 (11.200 120,000 an 30 New balance 87 200 64,500 700 1,200 150,000 (11.200) 120,000 8.000) vidend Paid) Jan. 30. Pald dividenas Balances 37,000 64,500 6,700 3, Statement of Cash Flows 27,000 -6,000 0 32,000 -5,000 10,000 0 15,000 -48,000 -8,000 Jan. 1. Operating Jan. 1. Operatingl Jan. 6. No effect on statement of cash flows Jan. 9. Operating Jan. 11. Operating Jan. 18. Financing Jan. 20. No effect on statement of cash flows Jan. 25. Operating Jan. 30. Operating Jan. 30. Financing Net increase in cash Beginning cash balance, Jan. 1 Ending cash balance, Jan. 31 20,000 4,500 27,000 0 30,000 60,000 248,500 Income Statement Jan. 1. No income statement account affected Jan. 1. No income statement account affected Jan. 6. No income statement account affected Jan. 9. No income statement account affected- 0 0 0 0 Dan. 11. No income statement account atfected0 Jan. 18. No income statement account affected Jan. 20. Fees earned Jan. 25. Fees earned Jan. 30. Wages expense Jan. 30. Utilities expense Jan. 30. Rent expense Jan. 30. Interest expense an. 30. Miscellaneous expense n Jan. 30. No income statement account affected 0 -31,000 -8,500 5,300 -200 -3,000 Net income