5. Dr. Abdullah started a clinic in Muscat on 1" January 2019, During the first month of operations the following transactions occurred. (a) Performed services for patients, who have health insurance, at January 31, OMR 500 of such services was earned but not yet recorded. (b) Utility expenses incurred but not paid prior to January 31 totaled OMR 300. (c) Purchased OMR500 of dental supplies. On January 31, determined that OMR 100 of supplies were on hand. Required: Prepare the adjusting entries on January 31

5. Dr. Abdullah started a clinic in Muscat on 1" January 2019, During the first month of operations the following transactions occurred. (a) Performed services for patients, who have health insurance, at January 31, OMR 500 of such services was earned but not yet recorded. (b) Utility expenses incurred but not paid prior to January 31 totaled OMR 300. (c) Purchased OMR500 of dental supplies. On January 31, determined that OMR 100 of supplies were on hand. Required: Prepare the adjusting entries on January 31

Name: 5. Dr. Abdullah started a clinic in Muscat on 1" January 2019,During
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Description: 5. Dr. Abdullah started a clinic in Muscat on 1" January 2019,During the first monthof operations the following transactions occurred.(a) Performed services for patients, who have healthinsurance, at January 31, OMR 500 of such services wasearned bu

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter4: The Adjustment Process

Section: Chapter Questions

Problem 5EB: Reviewing insurance policies revealed that a single policy was purchased on March 1, for one years...

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Similar questions

Reviewing insurance policies revealed that a single policy was purchased on March 1, for one years coverage, in the amount of $9,000. There was no previous balance in the Prepaid Insurance account at that time. Based on the information provided, A. Make the December 31 adjusting journal entry to bring the balances to correct. B. Show the impact that these transactions had.
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