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SLO Health Care Inc. is owned and operated by Morgan Denby, the sole stockholder. The account balances after all of the month's transactioions were recorded
SLO Health Care Inc. is owned and operated by Morgan Denby, the sole stockholder. The account balances after all of the month's transactioions were recorded and appear on the first line of the integrated Financial statement framework below. Enter the net income on the income statement after recording all the adjustments.
Adjustment data for SLO Health Care Inc. for January are as follows:
1. Insurance expired, $450.
2. Supplies on hand on January 31, $600.
3. Depreciation on building, $1,150.
4. Unearned rent revenue earned, $1,500.
5. Wages owed employees but not paid, $1,450.
6. Services provided but not billed to patients, $2,500.
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