Osmosis Health Care Inc. is owned and operated by Dr. Chris Ballard, the sole stockholder. During August, Osmosis Health Care entered into the following transactions:
Received $9,000 from BFX Company as rent for the use of a vacant office in Osmosis Health Care’s building. BFX prepays the rent six months in advance.
Paid $3,600 for an insurance premium on a one-year, general business policy.
Purchased supplies of $1,450 on account.
Collected $5,500 for services provided to customers on account.
Paid creditors $2,400 on account.
Invested an additional $10,000 in the business in exchange for capital stock.
Billed patients $11,500 for services provided on account.
Received $4,800 for services provided to customers who paid cash.
Paid expenses as follows: wages, $10,250; utilities, $3,800; rent on medical equipment, $2,500; interest, $125; miscellaneous, $340.
Paid dividends of $2,000 to stockholders (Dr. Ballard).
Analyze and record the August transactions for Osmosis Health Care Inc. Using the following format, record each transaction by date and as a plus or minus in the appropriate accounts. The August 1, 2004 balances are shown in the form.