SE2-19A (similar to) DrChns Evensen opened ? medcal pndico speaelonginphysical t
ID: 2397793 • Letter: S
Question
SE2-19A (similar to) DrChns Evensen opened ? medcal pndico speaelonginphysical terwy Dwgthenw myth ef operation (A yine business, tied DrOM. Evensen, Polessora Copnion(??),experienced tho flowing ewer IClick the loon to view the events) Requirement 1.Anlye the effects of these events on the accounting equation of the medical pracice of Dr. Chris Evensen, P.C Begih with the frnt transacion on JAly &.(Use parentheses or a minus sign wihen deceansing accounts it a box is not used in the table leave the bex emply, do not onter a e Enter the trasctions in the same onder as they appear in the original ist.) 0 More Into 6 146,000 146.000 Espenses nvesied $146.000 in he business, which in lum isaued its common stock to 9 The business paid cash for land cosing $66.000 Evensen plans to build an ofice Expenses Issued slock Service nevenue building on e land 2 The business purchased medical supplies for $1,000 on accoune 15 Dr. Cvis Evensen, PC offclaly opened for business 5-3 Duing the rest of the month, Evensen treated patients and eamed servicevenue of 15-31 The business paid cash expenses employee salaries, $3,400, office nent, $1,600, 9,800, nceiving cash for haif the revenue eamed ?$800 31 The buniness sold supplies to another physician for cost of $700 and neceived cash 31 The business borowed $38,000, signing anote payable to the bank 31 The business paid $800 on ount Print Done Choose from any list or enter any number in the input felds and then click Check AnwerExplanation / Answer
Answer
Assets
Liabilities
Stockholder's Equity
Type of Equity Transaction
Cash
Accounts receivables
Medical Supplies
Land
Accounts Payable
Notes Payable
Common Stock
Retained earnings
Jul-06
$ 146,000.00
$ 146,000.00
Issued Stock
Jul-09
$ (85,000.00)
$ 85,000.00
Jul-12
$ 1,600.00
$ 1,600.00
Jul-15
Jul 15-31
$ 4,900.00
$ 4,900.00
$ 9,800.00
Service Revenue
Jul 15-31
$ (5,800.00)
$ (5,800.00)
Expenses
Jul-31
$ 700.00
$ (700.00)
Jul-31
$ 38,000.00
$ 38,000.00
Jul-31
$ (800.00)
$ (800.00)
Ending Balance
$ 98,000.00
$ 4,900.00
$ 900.00
$ 85,000.00
$ 800.00
$ 38,000.00
$ 146,000.00
$ 4,000.00
Assets
Liabilities
Stockholder's Equity
Type of Equity Transaction
Cash
Accounts receivables
Medical Supplies
Land
Accounts Payable
Notes Payable
Common Stock
Retained earnings
Jul-06
$ 146,000.00
$ 146,000.00
Issued Stock
Jul-09
$ (85,000.00)
$ 85,000.00
Jul-12
$ 1,600.00
$ 1,600.00
Jul-15
Jul 15-31
$ 4,900.00
$ 4,900.00
$ 9,800.00
Service Revenue
Jul 15-31
$ (5,800.00)
$ (5,800.00)
Expenses
Jul-31
$ 700.00
$ (700.00)
Jul-31
$ 38,000.00
$ 38,000.00
Jul-31
$ (800.00)
$ (800.00)
Ending Balance
$ 98,000.00
$ 4,900.00
$ 900.00
$ 85,000.00
$ 800.00
$ 38,000.00
$ 146,000.00
$ 4,000.00
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