- Bus 100 Dls Sp 22 Iii Homework Assignment 1 Question 2 E1 8 Similar To Part 1 Of 8 Hw Score 42 99 42 99 Of 100 Po 1 (73.96 KiB) Viewed 59 times
- Bus 100 Dls Sp 22 Iii Homework Assignment 1 Question 2 E1 8 Similar To Part 1 Of 8 Hw Score 42 99 42 99 Of 100 Po 2 (72.52 KiB) Viewed 59 times
BUS 100 DLS Sp 22 III Homework: Assignment 1
Question 2, E1-8 (similar to) Part 1 of 8 HW Score: 42.99%, 42.99 of 100 points O Points: 0 of 10 Save Kira Hamilton, MD, opens a medical practice. During her first month of operation, January, the clinic, named Hamilton Medical Clinic, experienced the following events. (Click the icon to view the events.) Analyze the effects of these events on the accounting equation of Hamilton Medical Clinic. Analyze the events chronologically, one transaction at a time, beginning with the transaction on January 6th. For each transaction that follows the January 6 transaction, calculate the balance in each account after analyzing its effect on the accounting equation. (Complete only the necessary answer boxes for the transaction lines. Do not enter "0" in the transaction lines. For events with the same date, be sure to enter the set of transactions for each event on a separate line in the order presented in the problem. Carry down all balances to the "Bal." line, including zero balance accounts, entering a "0" for any zero balances. Enter a decrease in an account with a minus sign or parentheses. Abbreviations used: A/P = Accounts Payable; Capital = Kira Hamilton, Capital; Exp. - Expense; Liab. = Llabilities; Med. = Medical: Rev. Revenue; Sal. = Salaries; Sup. = Supplies.) ASSETS LIAB. EQUITY Med. Service Sal. Rent Utilities Cash Sup Land АР + Capital + Rev. Exp. Exp. Exp 1/6 + + - + +
Clinic, Kira Hamilton, MD, opens a medical practice. During her first month of operation, January, Hamilton Medical Clinic, experienced the following events. (Click the icon to view the events.) Ance Events Events عنمعلممنمممممملنممممممممممممممممممممممممعممقامعلمهام Х X br Analys each to effect enter each line, id with a Capital S ponor for .." unt es.) Jan. 6 Hamilton invested $275,000 in the clinic by opening a bank account in the name of Hamilton Medical Clinic 9 Hamilton Medical Clinic paid cash for land costing $140,000. There are plans to build a clinic on the land. Until then, the business will rent an office. 12 The clinic purchased medical supplies for $10,200 on account. 15 On January 15, Hamilton Medical Clinic officially opened for business. 15-31 During the rest of the month, the clinic earned professional fees of $20,500 and received cash immediately. 15-31 The clinic paid cash expenses: employee salaries, $5,400; office rent, $3,800; utilities, $520. 28 The clinic sold supplies to another clinic at cost for $1.050. 31 The clinic paid $4,600 on the account from January 12. tilities Exp. 1/6 Print Done