SLO Health Care Inc. is owned and operated by Morgan Denby, the sole stockholder.
During January 20Y6, San Mateo Health Care entered into the following transactions:
January 1 Received $13,500 from Glenn Company as rent for the use of a vacant office in SLO Health Care’s building. Glenn paid the rent nine months in advance.
January 1 Paid $3,000 for a one-year general insurance business policy.
January 6 Purchased supplies of $900 on account.
January 9 Collected $16,000 for services provided to customers on account.
January 11 Paid creditors $2,500 on account.
January 18 Invested an additional $5,000 in the business in exchange for common stock.
January 20 Billed patients $26,000 for services provided on account.
January 25 Received $7,500 for services provided to customers who paid cash.
January30 Paid expenses as follows: wages, $15,500 utilities, $4,250 rent on medical equipment, $2,650 interest, $100 and miscellaneous, $1,500.
January30 Paid dividends of $4,000 to stockholder (Dr. Denby).
Adjustment data for SLO Health Care Inc. for January are as follows:
Insurance expired, $450.
Supplies on hand on January 31, $600.
Depreciation on building, $1,150.
Unearned rent revenue earned, $1,500.
Wages owed employees but not paid, $1,450.
Services provided but not billed to patients, $2,500.
SLO HEALTH CARE INC.
Statement of Stockholders' Equity
For the Month Ended January 31, 20Y6??????