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Samantha Hyata, MD, opens a medical practice. During her first month of operation, January, the clinic, named Hyata Medical Clinic, experienced the following events
(Click the icon to view the events.)
Analyze the effects of these events on the accounting equation of Hyata 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 = Samantha Hyata, Capital;
Exp. = Expense; Liab. = Liabilities; Med. = Medical; Rev. = Revenue; Sal. = Salaries; Sup. = Supplies.)
ASSETS
LIAB.
Service
Rev.
EQUITY
Sal
Exp
Rent
Exp.
Utilities
Exp.
A/P
Land
+
+
Capital
270,000 +
+
Cash + Med. Sup. +
270,000 +
22500
9800
1/6
125000
157300
+
270000 +
1/9
Bal
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