For your fictitious healthcare service, you will create a
balance sheet and income statement based upon the following
financial transactions occurring during your start-up year:
6. May 1, 2020 through December 31, 2020: You
use $30,000 in supplies to provide healthcare services to your
patients each month. You record the use of supplies on the last day
of each month.
7. June 1, 2020: You pay your suppliers $80,000
for supplies purchased on credit.
8. July 1, 2020: You receive...