Oasis Health Care Inc. is owned and operated by Dr. George Hancock, the sole stockholder. 2023 Business Finance
2023 Accrual basis accounting Oasis Health Care Inc is owned and operated by Dr George
Accrual basis accounting
Oasis Health Care Inc. is owned and operated by Dr. George Hancock, the sole stockholder.
During January 2013, Oasis Health Care entered into the following transactions:
Jan. 1 Received $15,000 from Rivers Company as rent for the use of a vacant office in Oasis Health Care’s building. Rivers paid the rent six months in advance.
1 Paid $4,200 for an insurance premium on a general business policy.
6 Purchased supplies of $1,800 on account.
9 Collected $27,500 for services provided to customers on account.
11 Paid creditors $3,000 on account.
18 Invested an additional $25,000 in the business in exchange for capital stock.
20 Billed patients $62,000 for services provided on account.
25 Received $12,900 for services provided to customers who paid cash.
30 Paid expenses as follows: wages, $24,000; utilities, $6,000; rent on medical equipment, $5,000; interest, $200; and miscellaneous, $2,500.
30 Paid dividends of $15,000 to stockholders (Dr. Hancock).
Analyze and record the January transactions for Oasis Health Care Inc., using the integrated financial statement framework. Record each transaction by date, and show the balance for each item after each transaction. The January 1, 2013, balances for the balance sheet are shown below.
We give our students 100% satisfaction for their assignment, which is one of the most important reasons students prefer us from other helpers. Our professional group and planners have more than ten years of rich experience. The only reason that our inception days, we have helped more than 100000 students with their assignments successfully. Our expert’s group have more than 2200 professionals of different topics, and that not all; we get more than 300 jobs every day more than 90% of the assignment get the conversion for payment.
Place Order Now