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Izabela Pharoah opened a medical office under the name Izabela Pharoah, MD. on August 1, 2021. On August 31, the balance sheet showed Cash $2,700, Accounts Receivable 52,300, Supplies 5540: Equipment $7.100: Accounts Payable $4.910 Note Payable $2.700 and Pharoah, Capital, $5,030. During September, the following transactions occurred Sept. 4 Collected $850 of accounts receivable 5 Provided services of $10.955, of which $7.100 was collected from patients and the remainder was on account 7 Paid $2,000 on accounts payable 12 Purchased additional equipment for $2.449. paying $853 cash and leaving the balance on account. 15 Paid salaries, $4.200, rent for September. 51,958, and advertising expenses. $155. 18 Collected the balance of the accounts receivable from August 31. 20 Withdrew $525 for personal use. 26 Borrowed $2.700 from the Bank of Montreal on a note payable 28 Signed a contract to provide medical services, not covered under the government health plan, to employees of CRS Corp, in October for $4,600. CRS Corp. will pay the amount owing after the medical services have been provided. 29 Received the telephone bill for September $325. 30 Billed the government $10.200 for services provided to patients in Septem Beginning with the August 31 balances. per tabur analyses of the effects of the September transactions on the accounting equation fa transaction coses a decrease in Assets abilities or Owner's Equity place a negotive sig for parentheses) in front of the amount entered for the particular Asset, Liability of Equity in the was reduced. See illustration 1-13 for example) D Accounts Receivable Cash + to Supplies Equipment 7100 Bal. $ 2700 $ 230 540 $ Sept. 4 850 Un 5 7100 7 (2000) - 12 (853) en (4200) 15 (1958) cinin in 00 (1450) 20 26 8 28 29 30 10200 Liabilities Notes Payable Accounts Payable LPharoah Capital Equipenent - 540 7100 $ A 40 IN MO be Labies or Owner's Equity place a negative sign for parentheses) in front of the amount entered for the particular Asset, L ILY WELL IN Liabilities Assets Accounts Receivable Notes Payable Acco Pay Supplies Equipment Cash Bal. $ 540 2300 2700 (BSON Sept. 4 850 7100 (2000) (853) 14200) (1958) 1155) 1450 114500 1525) 2700 10200 Owner's Equity Liabilities Notes Payable Accounts Payable I Pharoah, Capital 1. Pharoah, Drawings Revenues - Expenses Prepare an income statement for September. IZABELA PHAROAH, MD Income Statement e Textbook and Media Prepare a statement of owner's equity for September. (List Items that increase owner's equlty first.) IZABELA PHAROAH, MD Statement of Owner's Equity e Textbook and Media Prepare a balance sheet at September 30. (List Assets in order of liquidity.) IZABELA PHAROAH, MD Balance Sheet Assets Liabilities and Owner's Equity