Question: Problem 1 . 8 A Question 1 of 1 - 1 1 0 0 Izabela Pharoah opened a medical office under the name Izabela Pharoah,
Problem A
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Izabela Pharoah opened a medical office under the name Izabela Pharoah, MD on August On August the balance sheet showed Cash $; Accounts Receivable $; Supplies $; Equipment $; Accounts Payable $; Note Payable $; and I. Pharoah, Capital, $ During September, the following transactions occurred:
Sept. Collected $ of accpunts receivable.
Provided services of $ of which $ was collected from patients and the remainder was on account.
Paid $ on accounts payable.
Purchased additional equipment for $ paying $ cash and leaving the balance on account.
Paid salaries, $; rent for September, $; and advertising expenses, $
Collected the balance of the accounts receivable from August
Withdrew $ for personal use.
SUPPOI
Borrowed $ from the Bank of Montreal on a note payable.
Signed a contract to provide medical services, not covered under the government health plan, to employees of CR
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