This document summarizes the transactions and adjustments for Franco Sicat's medical clinic for the period. It shows the unadjusted trial balance, various adjustments including depreciation, doubtful accounts, and accrued expenses. The adjusted trial balance, income statement and balance sheet are presented. Closing entries are made to close out the temporary accounts to retained earnings.
This document summarizes the transactions and adjustments for Franco Sicat's medical clinic for the period. It shows the unadjusted trial balance, various adjustments including depreciation, doubtful accounts, and accrued expenses. The adjusted trial balance, income statement and balance sheet are presented. Closing entries are made to close out the temporary accounts to retained earnings.
This document summarizes the transactions and adjustments for Franco Sicat's medical clinic for the period. It shows the unadjusted trial balance, various adjustments including depreciation, doubtful accounts, and accrued expenses. The adjusted trial balance, income statement and balance sheet are presented. Closing entries are made to close out the temporary accounts to retained earnings.
This document summarizes the transactions and adjustments for Franco Sicat's medical clinic for the period. It shows the unadjusted trial balance, various adjustments including depreciation, doubtful accounts, and accrued expenses. The adjusted trial balance, income statement and balance sheet are presented. Closing entries are made to close out the temporary accounts to retained earnings.
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Unadjusted TB
Cash 84700 Clinic instruments 60000 Accumulated depreciations - Clinic Instruments 12000 Furniture and fixtures 20000 Accumulated depreciations - Furniture and fixtures 5000 Investment in stock of PRTC 10000 Loans payable 6000 Franco Sicat, capital 40000 Franco Sicat, personal 60000 Professional fees 240000 Dividend income 2000 Rent 12000 Salary 18000 Clinic supplies 20000 Utility expenses 4000 Dues and memberships 1200 Professional library expense 7000 Miscellaneous expenses 8000 Interest expense 100 Total 305000 305000
Professional fees receivable
Accrued dividend income Unused clinic supplies Professional library (asset), at net value Accrued utility expense Accrued interest expense Retained earnings Accounts payable Total
Doubtful accounts expense
Allowance for doubtful accounts Depreciation expense Total
