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URGENT PLEASE West Laboratory adjusts and closes its accounts at the end of each month. The company's unadjusted trial balance at September 30, is as

URGENT PLEASE image text in transcribed
West Laboratory adjusts and closes its accounts at the end of each month. The company's unadjusted trial balance at September 30, is as follows: Debit Credit Cash $ 18,200 Medical Fees Receivable 27,000 Prepaid Rent 5,000 Office Supplies 1,200 Medical Equipment 21,800 Accumulated Depreciation: Medical Equipment $ 6,000 Accounts Payable 3,000 Notes Payable 8,000 Unearned Medical Fees 14,000 Capital Stock 18,000 Retained Earnings 16,000 Dividends Medical Fees Earned 31,000 Salaries Expense 14,000 Utilities Expense 2,000 Insurance Expense 5,800 $ 96,000 $ 96,000 1,000 The following information relates to month-end adjustments: advance. (a) Office supplies on hand September 30 amounted to $500. (b) The useful life of the medical equipment was estimated to be 20 years. C) Many patients pay in advance for major medical procedures. Fees of $6,000 were earned during the month by performing procedures on patients who had paid in (d) Salaries earned by employees during the month but not yet recorded amounted to $2,300. (e) On September 1, West Laboratory had moved and paid 2 month's rent in advance. in Medical procedures performed during the month but not yet billed or recorded amounted to $4,600 Prepare the adjusting entries required at September 30, Instructions: Date Account Debit Credit

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