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Week 3 Homework (CH. 3) 1. PR.03-04 San Mateo Health Care Inc. is owned and operated by Rachel Fields, the sole stockholder. Bla During January 2016, San Mateo Health Care entered into the following transactions: Jan. Received $27,000 from Hillard Company as rent for the use of a vacant office in San Mateo 1 Health Care's building. Hillard paid the rent nine months in advance 1 Paid $6.000 for a one-year general insurance business policy. 6 Purchased supplies of $1,800 on account 9 Collected $32,000 for services provided to customers on account 11 Paid creditors $5,000 on account 18 Invested an additional $10,000 in the business in exchange for common stock. 20 Billed patients 552,000 for services provided on a pount 25 Received $15,000 for services provided to customers who paid cash. Paid expenses as follows: wages, $31,000; utilities, $8,500; rent on medical equipment, $5,300; interest, $200, and miscellaneous, $3,000. 30 Paid dividends of $8,000 to stockholder (Dr. Fields). Adjustment data for San Mateo Health Care Inc. for January are as follows: 1. Insurance expired, $900. 2. Supplies on hand on January 31, $1,200. 3. Depreciation on building, $2,300. 4. Unearned rent revenue camned, $3,000. 5. Wages owed employees but not paid, $2,900. 6. Services provided but not billed to patients, $5,000. Check My Work Progress: 1/1 items 1. PR.03-04 JakeAssignment/takeAssignment Main.do?invoker assignments&takeAssignmentSessionLocator assignment-takeing Presented in the integrated financial statement format are after adjustment balances for January, Instructions: Bla 1. Prepare a statement of cash flows for January. Use the minus sign to indicate cash out flows, decreases in cash, or cash payments. If your answer is zero enter"0" San Mateo Health Care Inc. Statement of Cash Flows For the Month Ended January 31, 2016 Cash flows from operating activities: Cash received from customers + 14 / Cash paid for expenses Net cash flows from operating activities Cash flows from investing activities Cash flows from financing activities: Cash received from Issuance of stock Cash flows from investing activities x January 1, 2016, cash balance X Cash received from Issuance of stock x Dividends paid x January 31, 2016, cash balance Check My Work Progress: 1/1 items All work saved. Save and Exit Submit Assignment for Grad Assignment Score: 25.71%

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