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Medical Practice Financial Journal

1. Dr. J. Alegre invested ₱12,000,000 in cash and furniture and fixtures worth ₱2,500,000 to start a medical practice. 2. He purchased ₱7,500,000 in medical equipment by paying ₱2,000 in cash and taking a ₱5,500 note payable. 3. He bought ₱1,000,000 in unused medical supplies paying ₱1,000 in cash. 4. Dr. Alegre withdrew ₱1,500,000 in cash for personal use from the business.

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Erma Caseñas
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71 views6 pages

Medical Practice Financial Journal

1. Dr. J. Alegre invested ₱12,000,000 in cash and furniture and fixtures worth ₱2,500,000 to start a medical practice. 2. He purchased ₱7,500,000 in medical equipment by paying ₱2,000 in cash and taking a ₱5,500 note payable. 3. He bought ₱1,000,000 in unused medical supplies paying ₱1,000 in cash. 4. Dr. Alegre withdrew ₱1,500,000 in cash for personal use from the business.

Uploaded by

Erma Caseñas
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd

JOURNAL

Month Date

Sept

Particulars
1 Cash on Hand
Furniture & Fixtures
J. Alegre, Capital
Initial Investment
2 Medical Equipment
Cash on Hand
Notes Payable

Debit
9 5 0 0 0 0 00
2 5 0 0 0 0 00

Credit

1 2 0

7 5 0 0 0 0 00
2 0
5 5

Bought medical equipment

4 Unused Medical Supplies

1 0 0 0 0 0 00

Cash on Hand
Bought Medical Supplies

1 0

5 J. Alegre, Drawings
Cash on Hand
Owner withdraws Cash

1 5 0 0 0 00

7 Cash on Hand
Accounts Receivable
Medical Fees Income

5 0 0 0 0 00
6 0 0 0 0 00

Rendered services in cash


and on account

1 1

LEDGER
CASH
Credit

Month Date

Sept

Particulars

Debit
9 5 0 0 0 0 00

Month

Sept

0 0 0 0 00

0 0 0 0 00
0 0 0 0 00

0 0 0 0 00

J. ALEGRE, CAPITAL
Sept

5 0 0 0 00

0 0 0 0 00

GER

SH
Date Particulars
2
4
5

Credit
2 0 0 0 0 0 00
1 0 0 0 0 0 00
1 5 0 0 0 00

, CAPITAL
1

1 2 0 0 0 0 0 00

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