[mohammad_ib]

Transactions for john Hospital for the month of December, 2013 are presented below.
a. john invested $350,000 to start his business.
b. Purchased land for $28,000 cash.
c. Purchased equipment costing $12,000 for $2,000 cash and the remainder on credit.
d. Purchased supplies on account for $1,800.
e. Paid $2,000 for insurance.
f. Invested additional $40,000 cash in the business.
g. Received $15,000 cash for services performed.
h. Paid salaries to employees for $2,500.
I. john withdrew $1,000 cash from the business.

Required:

a. Using a table, show the effect of the above transactions on the accounting equation.

b. Prepare the financial statements of Ahmed Hospital on December 31, 2013.

[paraclete]

What problem do you have? Draw up a profit and loss statement and a balance sheet. Your table might show which transactions are P&L and which are balance sheet
Just to ge you started a,b,c,f,I affect the balance sheet and d,e,g,h affect the P&L, just about everything affects the cash account