E2-19a (similar to) question help dr. rebecca gray opened a medical

E2-19A (similar to) Question Help Dr. Rebecca Gray opened a medical practice specializing in 

Dr. Rebecca Gray opened a medical practice specializing in physical therapy. During the first month of operation (January), the business, titled Dr. Rebecca Gray, Professional Corporation (P.C.), experienced the following events:
Jan 6 Gray invested $149,000 in the business, which in turn issued its common stock to her.
9 The business paid cash for land costing $62,000. Gray plans to build an office building on the land.
12 The business purchased medical supplies for $1,400 on account.
15 Dr. Rebecca Gray, P.C., officially opened for business.
15-31 During the rest of the month, Gray treated patients and earned service revenue of $9,700, receiving cash for half the revenue earned.
15-31The business paid cash expenses: employee salaries, $3,100; office rent, $1,200; utilities, $400.
31 The business sold supplies to another physician for cost of $700.
31 The business borrowed $34,000, signing a note payable to the bank.
31 The business paid $500 on account.

1. Analyze the effects of these events on the accounting equation of the medical practice of Dr. Rebecca Gray, P.C.
2. After completing the analysis, answer these questions about the business.
a. How much are total assets?
b. How much does the business expect to collect from patients?
c. How much does the business owe in total?
d. How much of the business’s assets does Gray really own?
e. How much net income or net loss did the business experience during its first month of operations?

Calculate Your Essay Price
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
The price is based on these factors:
Academic level
Number of pages
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more

Order your essay today and save 10% with the coupon code: best10