- Gayle Hayashi M D Open S A Medical Clinic During Her First Of Operation January The Clinic Antiled Hayashi Medical C 1 (549.3 KiB) Viewed 32 times
a) Hayashi invested $250,000 in the clinic.
b)Hayashi Medical Clinic paid cash for land costing$150,000
Analyze the effects of these events on the accounting equation of Hayashi Medical clinic.
one with the ending balance. ginning balances ane I 4. Gayle Hayashi, M.D, opens a medical clinic. During her first month of operation, January, the clinic, entided Hayashi Medical Clinic, experienced the following events:( 20 marks) a) Hayashi invested $250,000 in the clinic. Decrease in Land D Hayashi Medical Clinic paid cash for land costing $150,000. c) The clinic purchased medical supplies for $10,000 on account. d) The clinic earned professional fees of $20,000 and received cash immediately. e The clinic paid cash expenses: employee salaries, $5.000, office rent, $4.000: utilities, $500 f) 0 The clinic sold supplies to another clinic at costs for $1,000. g) The clinic paid $4,000 on the account. Required Analyze the effects of these events on the accounting equation of Hayashl Medical Clinic.