Wizard Health Care, Inc., is owned and operated by Dr. Chandra Rains, the sole stockholder. During January 2007, Wizard Health Care entered into the following   transactions:

Jan. 1 Received $8,100 from Goulash Company as rent for the use of a vacant office in Wizard Health Care's building. Goulash paid the rent six months in   advance.

1 Paid $3,600 for an insurance premium on a one-year, general business   policy.

4 Purchased supplies of $950 on account.

5 Collected $9,000 for services provided to customers on account.

11 Paid creditors $1,600 on account.

18 Invested an additional $45,000 in the business in exchange for capital   stock.

20 Billed patients $24,800 for services provided on  account.

25 Received $6,800 for services provided to customers who paid   cash.

29 Paid expenses as follows: wages, $12,600; utilities, $3,500; rent on   medical equipment, $2,700; interest, $250; and miscellaneous,  $650.

29 Paid dividends of $2,000 to stockholders (Dr.  Rains).

Instructions

Analyze and record the January transactions for Wizard Health Care, Inc., using the integrated financial statement framework. Record each transaction by date and show the balance for each item after each transaction. The January 1, 2007, balances for the balance sheet are shown below.

Stockholders'

Assets                                                                          Liabilities                          +            Equity

Accts.          Pre.                                                               Acc.                                    Accts.          Un.           Wages          Notes          Capital             Ret. Cash   +  Rec.   + Ins.  + Supp. + Building  - Dep.  +  Land         Pay.   + Rev.  +  Pay.    +  Pay.   +  Stock   +  Earn.

Bal., Jan. 1    10,400      13,500         360           560              90,000         -7,200       45,000         3,800             0                    0                36,000          45,000          67,820