Oasis health care inc. is owned and operated by dr. george hancock,

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.

Calculate your order
Pages (275 words)
Standard price: $0.00
Client Reviews
Our Guarantees
100% Confidentiality
Information about customers is confidential and never disclosed to third parties.
Original Writing
We complete all papers from scratch. You can get a plagiarism report.
Timely Delivery
No missed deadlines – 97% of assignments are completed in time.
Money Back
If you're confident that a writer didn't follow your order details, ask for a refund.

Calculate the price of your order

You will get a personal manager and a discount.
We'll send you the first draft for approval by at
Total price:
Power up Your Academic Success with the
Team of Professionals. We’ve Got Your Back.
Power up Your Study Success with Experts We’ve Got Your Back.