Osmosis Health Care Inc. is owned and operated by Dr. Chris Ballard, the sole stockholder. During…

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:

Aug. 2

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.

2

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

3

Purchased supplies of $1,450 on account.

6

Collected $5,500 for services provided to customers on account.

9

Paid creditors $2,400 on account.

18

Invested an additional $10,000 in the business in exchange for capital stock.

23

Billed patients $11,500 for services provided on account.

25

Received $4,800 for services provided to customers who paid cash.

30

Paid expenses as follows: wages, $10,250; utilities, $3,800; rent on medical equipment, $2,500; interest, $125; miscellaneous, $340.

31

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

 Instructions

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.

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