Question
Use the accounting equation to compute the missing financial statement amounts Transactions Assets Liabilities Equity Company: Picture Perfect Physicians 12,000 2,000 10,000 On September 30,
Use the accounting equation to compute the missing financial statement amounts
Transactions Assets Liabilities Equity
Company: Picture Perfect Physicians 12,000 2,000 10,000
On September 30, Picture Perfect Physicians invested $100,000 in new medical equipment. 100,000
What is the new amount for assets, liabilities and equity? ? ? ?
On November 5, Picture Perfect Physicians healthcare manager, Ms. Sweet purchased $7,000 in office supplies on credit 7,000
What is the new amount for assets,liability, and equity ? ? ? ?
On December 31, after a minor flu epidemic, cash services for flu related symptoms increased Picture Perfect Physicians billing 5,000
hours by 500, and amounted to $5,000 in revenue
What is the new amount for assets, liabilities and equity? ? ? ?
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Financial Accounting with International Financial Reporting Standards
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
4th edition
1119504309, 1-119-50340-8, 9781119503408 , 978-1119504306
