1. San Mateo Health Care Inc. is owned and operated by Rachel Fields, the sole stockholder. The account balances after all of the month's transactions were recorded appear on the first line of the integrated financial statement framework below. Adjustment data for San Mateo Health Care Inc. for January are as follows:

   1. Insurance expired, $900.
   2. Supplies on hand on January 31, $1,200.
   3. Depreciation on building, $2,300.
   4. Unearned rent revenue earned, $3,000.
   5. Wages owed employees but not paid, $2,900.
   6. Services provided but not billed to patients, $5,000.

   Instructions:

   Record the adjustments for January using the integrated financial statement framework. If an amount box does not require an entry, leave it blank. Enter account decreases and cash outflows as negative amounts.

   Statement of Cash Flows

   Balance Sheet

   Assets

   =

   Liabilities

   +

   Stockholders' Equity

   Cash

   +

   Accounts Receivable

   +

   Prepaid Insurance

   +

   Supplies

   +

   Building

   -

   Accumulated Depreciation

   +

   Land

   =

   Accounts Payable

   +

   Unearned Revenue

   +

   Wages Payable

   +

   Notes Payable

   +

   Common Stock

   +

   Retained Earnings

   Balances

   37,000

   64,500

   6,700

   3,000

   150,000

   -11,200

   120,000

   4,500

   27,000

   0

   30,000

   60,000

   248,500

   Jan. 31.

   Balances

   Jan. 31.

   Balances

   Jan. 31.

   Balances

   Jan. 31.

   Balances

   Jan. 31.

   Balances

   Jan. 31.

   Balances, Jan. 31

   Statement of Cash Flows

   Income Statement

   Jan. 1. Operating

   $27,000

   Jan. 20.

   Fees earned

   $52,000

   Jan. 1. Operating

   -6,000

   Jan. 25.

   Fees earned

   15,000

   Jan. 9. Operating

   32,000

   Jan. 30.

   Wages expense

   -31,000

   Jan. 11. Operating

   -5,000

   Utilities expense

   -8,500

   Jan. 18. Financing

   10,000

   Rent expense

   -5,300

   Jan. 25. Operating

   15,000

   Interest expense

   -200

   Jan. 30. Operating

   -48,000

   Miscellaneous expense

   -3,000

   Jan. 30. Financing

   -8,000

   Jan. 31.

   Net increase in cash

   $17,000

   Beginning cash balance, Jan. 1

   20,000

   Ending cash balance, Jan. 31

   $37,000

   Net income

   $

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