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use this example below as a reference to fill out this transactions sheet: 1. fill out the transaction sheet below a. 1,800 b. c. d.
use this example below as a reference to fill out this transactions sheet:
1. fill out the transaction sheet below
a. 1,800 b. c. d. e. f. g. h. On Nov 1 FHC received rent from ILS Company for the use of FHC'c land as temporary parking lot from Nov 20Y5 through March 2016 cash 1,800 unearned revenue On Nov. 1 paid a premium of $2,400 for general business insurance - 2 yr policy cash (2,400) prepaid insurance 2,400 On paid Nov.1, paid $6,000 for 6 month medical malpractice policy cash (6,000) prepaid insurance 6,000 Dr. Laundry invested an addtl $5,000 in the business in exchange for common stock cash 5,000 common stock 5,000 purchased supplies for $240 on account Supplies 240 A/P 240 purchased $8,500 of office equipment. Paid $1,700 cash as a down payment with remaining $6,800 (8,500 - 1,700 = 6,800)due in 5 monthly installments of $1,360 (6,800/5= Cash (1,700) Office Equipment 8,500 Note Payable 6,800 provided services of $6,100 to patients on account A/R 6,100 Sales 6,100 received $5,500 for services provided to patients for cash Cash 5,500 Sales 5,500 received $4,200 from insurance companies for patients' accounts for services provided in transaction g Cash 4,200 A/R (4,200) paid $100 on account for supplies in transaction e Cash (100) A/P (100) Expenses paid during the month were as follows: 2,790 wages 800 rent 580 utilities 100 interest 420 miscellaneous cash (4,690) Expenses 4,690 paid dividends of $1,200 to stockholders cash (1,200) Dividends 1,200 li. . k. O I. ABC Co. had the following transactions during January 2021: a. Individual deposited $50,000 into ABC Co.'s bank account in exchange for stock b. Co. received a loan from the Bank of UIW for $500,000 C. Co. purchased building for $500,000 d. company provides services of $50,000 to customers on account e. on 1/1 you purchased a 6 month insurance policy for $12,000 f. provided services to customers for $10,000 on account g. received cash of $20,000 for services not yet provided h. during the month, Co. paid expenses of $5,000 i. Co. decided to paid dividends of $5,000 a1 received $10,000 for services previously provided in transaction f a2 it's the end of the month, make the appropriate adjustments to any prepaids previously recorded a3 made a loan payment to the Bank of UIW for $10,000
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