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CASH

DEBIT

CREDIT
15,000.00
2,490.00
2,000.00

DATE

CHECK
ACCOUNT TITLES AND EXPLANATION
NO.
1422
RENT EXPENSE
MEDICAL EQUIPMENT
1423
PUBLICATIONS EXPENSE
1424
CHARITABLE CONT. EXPENSE

8,000.00
5,200.00

1425

12,600.00
62,400.00
SUBTOTAL WK 1

83,000.00

PROF. DUES & LICENSES EXPENSE


OFFICE SUPPLIES
ACCOUNTS RECEIVABLE

24,690.00

16,000.00
2,965.00
1,150.00
10,556.16

3,500.00

1426
1427
1428
*
*
*
1429

REPAIRS AND MAINTENANCE EXPENSE


CLEANING EXPENSE
SSS AND EC CONTRIBUTIONS PAYABLE
PHILHEALTH CONTRIBUTIONS PAYABLE
PAGIBIG CONTRIBUTIONS PAYABLE
WITHHOLDING TAXES PAYABLE
PROF. DUES & LICENSES EXPENSE
UTILITIES EXPENSE
ACCOUNTS RECEIVABLE

1430
*
*
*
*
1431

SALARIES EXPENSE
SSS AND EC CONTRIBUTIONS PAYABLE
PHILHEALTH CONTRIBUTIONS PAYABLE
PAGIBIG CONTRIBUTIONS PAYABLE
WITHHOLDING TAXES PAYABLE
LABORATORY EXPENSES

66,250.00
17,650.00
SUBTOTAL WK 2

99,900.00

18,171.16

22,264.52

6,287.50

POST
REF.

4,505.00

1432

6,850.00

1433

LAUNDRY EXPENSE
OFFICE EQUIPMENT
PUBLICATIONS EXPENSE

1,251.00

1434

UTILITIES EXPENSE
MEDICAL SUPPLIES

13,000.00

3,300.00
52,750.00
SUBTOTAL WK 3

69,050.00

ACCOUNTS RECEIVABLE
41,158.02

334.88

1435

100,000.00

1436
1437
1438
1439

ACCOUNTS PAYABLE
MEDICAL EQUIPMENT
THEODORE DANIEL, DRAWINGS
THADDEUS DOMINIQUE, DRAWINGS
ACCOUNTS PAYABLE
FURNITURES AND FIXTURES

1440

ACCOUNTS RECEIVABLE
ACCOUNTS PAYABLE

42,000.00
8,583.50
6,000.00
900.00
21,650.00
1,282.91
SUBTOTAL WK 4

28,550.00

152,201.29

22,264.52

1441
*
*
*
*

SALARIES EXPENSE
SSS AND EC CONTRIBUTIONS PAYABLE
PHILHEALTH CONTRIBUTIONS PAYABLE
PAGIBIG CONTRIBUTIONS PAYABLE
WITHHOLDING TAXES PAYABLE
SSS AND EC CONTRIBUTIONS EXPENSE
PHILHEALTH CONTRIBUTIONS EXPENSE
PAGIBIG CONTRIBUTIONS EXPENSE
SSS AND EC CONTRIBUTIONS PAYABLE
PHILHEALTH CONTRIBUTIONS PAYABLE

12,288.00

1442

4,680.00

1443

7,500.00
400.00
34,100.00
SUBTOTAL WK 5

42,000.00

ACCOUNTS RECEIVABLE
39,232.52
2,017.00

TOTAL (JULY 2009)

322,500.00

TOTAL DEBITS
TOTAL CREDITS

873,315.89
873,315.89

PAGIBIG CONTRIBUTIONS PAYABLE


LABORATORY EXPENSE
UTILITIES EXPENSE
TRAVEL EXPENSE

277,469.99

MISCELLANEOUS EXPENSE
TRAVEL EXPENSE
CHARITABLE CONTRIBUTIONS EXPENSE

OTHER ACCOUNTS
DEBIT
CREDIT
15,000.00
24,000.00
2,490.00
2,000.00

ACC. RECEIVABLE
DEBIT

ACC. PAYABLE
CREDIT

CONSULTANCY REV.
CREDIT

PATIENT SVC. REV


CREDIT

24,000.00

8,000.00
5,200.00
2,080.00

2,080.00
22,990.00

35,590.00

62,400.00
50,770.00

62,400.00

22,990.00

26,080.00

8,000.00

35,590.00

16,000.00
2,965.00
1,150.00
3,931.00
1,275.00
600.00
4,750.16
3,500.00
1,282.91

1,282.91
66,250.00
63,250.00

19,454.07

66,250.00

25,800.00
691.65
318.75
150.00
2,375.08
6,287.50

63,250.00

80,900.00
1,282.91

16,000.00

80,900.00

4,505.00
30,000.00
6,850.00

30,000.00
13,000.00

334.88
1,251.00

334.88
27,550.00

30,850.00

52,750.00
75,028.38

56,285.48

27,550.00

334.88
7,500.00
50,000.00
50,000.00
42,000.00
8,583.50

30,334.88

13,000.00

30,850.00

7,500.00

6,000.00
45,600.00

46,500.00

21,650.00
1,282.91
159,701.29

21,650.00

25,800.00
691.65
318.75
150.00
2,375.08
2,547.70
637.50
300.00
2,547.70
637.50

45,600.00

7,500.00

6,000.00

46,500.00

300.00
12,288.00
4,201.95
4,680.00

4,201.95
7,500.00
34,000.00

34,400.00

34,100.00
50,455.15

41,120.68

34,000.00

4,201.95

7,500.00

34,400.00

247,706.16

193,390.00

69,399.74

50,500.00

228,240.00

167.00
850.00
1,000.00
357,425.89

WEEK
1
2
3
4
5
TOTAL

DEBIT
156,760.00
182,604.07
171,628.38
233,851.29
126,455.15
871,298.89

CREDIT
156,760.00
182,604.07
171,628.38
233,851.29
126,455.15
871,298.89

Petty Cash Record


For the Month Ended July 31, 2009
DATE
July 2, 1009
July 9, 2009
July 15, 2009
July 23, 2009

PCV NO.
21
22
23
24

EXPLANATION
Delivery of X-Rays
Donation to Local Chapter
Taxi Fare
Postage

PAYMENTS
JRS Express
Girl Scouts
Nissan Avis Taxi
Express Mail

MISC.

DISTRIBUTION OF PAYMENTS
OTHER
TRAVEL
ACCOUNT

AMOUNT

112.00
Charitable Cont. Expense

1,000.00

850.00
55.00

167.00

850.00

1,000.00

GENERAL JOURNAL
DATE
ACCOUNT TITLES/EXPLANATION
BOOK OF DANIEL
7/1/2009 Daniel, Capital
Medical Supplies
*

PR

DEBIT
4,007.00

4,007.00

Daniel, Capital
Office Supplies

2,028.00

Daniel, Capital
Cash

1,675.00

Daniel, Capital
Cash

4,000.00

2,028.00

1,675.00

4,000.00

Accu Dep - Med Eq.


Medical Equipment

36,000.00

Accu Dep - Office Eq.


Office Equipment

11,250.00

Accu Dep - Furnitures


Furnitures and Fixtures

12,537.50

36,000.00

11,250.00

12,537.50

Accounts Payable
SSS and EC Contributions Payable
PhilHealth Contributions Payable
PAG-IBIG Contributions Payable
Withholding Taxes Payable
Theodore Daniel, Capital
Cash
Petty Cash
Accounts Receivable
Medical Supplies
Office Supplies
Prepaid Insurance
Medical Equipment
Office Equipment
Furnitures and Fixtures
Rent Deposit
Utilities Deposit

42,000.00
3,931.00
1,275.00
600.00
4,750.16
1,260,239.34
266,583.00
5,000.00
246,000.00
21,000.00
7,500.00
9,000.00
414,000.00
138,750.00
155,462.50
45,000.00
4,500.00

BOOK OF PARTNERSHIP
7/1/2009 Cash
Petty Cash
Accounts Receivable
Medical Supplies
Office Supplies
Prepaid Insurance
Medical Equipment
Office Equipment

CREDIT

266,583.00
5,000.00
246,000.00
21,000.00
7,500.00
9,000.00
414,000.00
138,750.00

Furnitures and Fixtures


Rent Deposit
Utilities Deposit
Accounts Payable
SSS and EC Contributions Payable
PhilHealth Contributions Payable
PAG-IBIG Contributions Payable
Withholding Taxes Payable
Theodore Daniel, Capital

155,462.50
45,000.00
4,500.00

Cash
Thaddeus Dominique, Capital

435,000.00

Theodore Daniel, Capital


Cash

390,239.34

42,000.00
3,931.00
1,275.00
600.00
4,750.16
1,260,239.34

435,000.00

390,239.34

Club Medica
Statement of Financial Position
as of July 1, 2009
ASSETS
Cash
Petty Cash
Accounts Receivable
Medical Supplies
Office Supplies
Prepaid Insurance
Medical Equipment
Office Equipment
Furnitures and Fixtures
Rent Deposit
Utilities Deposit
Total Assets

311,343.66
5,000.00
246,000.00
21,000.00
7,500.00
9,000.00
414,000.00
138,750.00
155,462.50
45,000.00
4,500.00
1,357,556.16

LIABILITIES AND EQUITY


Accounts Payable
SSS and EC Contributions Payable
PhilHealth Contributions Payable
PAG-IBIG Contributions Payable
Withholding Taxes Payable
Theodore Daniel, Capital
Thaddeus Dominique, Capital
Total Liabilities and Equity

DATE
ACCOUNT TITLES
31-Jul-09 Medical Supplies Expense
Medical Supplies
*

Office Supplies Expense

42,000.00
3,931.00
1,275.00
600.00
4,750.16
870,000.00
435,000.00
1,357,556.16

P.R.

DEBIT
11,901.00

CREDIT
11,901.00

7,322.00

Office Supplies
*

7,322.00

Insurance Expense
Prepaid Insurance

1,500.00

Depreciation Expense - Medical Equipment


Accumulated Depreciation - Medical Equipment

6,420.00

Depreciation Expense - Office Equipment


Accumulated Depreciation - Office Equipment

3,000.00

Depreciation Expense - Furnitures and Fixtures


Accumulated Depreciation - Furnitures and Fixtures

3,127.00

1,500.00

6,420.00

3,000.00

3,127.00

Consultancy Revenues
Patient Service Revenues
Income Summary

50,500.00
228,240.00

Income Summary
Salaries Expense
Sss And Ec Contributions Expense
Philhealth Contributions Expense
Pag-Ibig Contributions Expense
Rent Expense
Utilities Expense
Cleaning Expense
Laundry Expense
Laboratory Expense
Medical Supplies Expense
Office Supplies Expense
Publication Expense
Travel Expense
Professional Dues And License Expense
Charitable Contributions Expense
Depreciation Expense - Medical Equipment
Depreciation Expense - Office Equipment
Depreciation Expense - Furnitures And Fixtures
Insurance Expense
Repairs And Maintenance Expense
Miscellaneous Expense

160,617.44

Income Summary
Theodore Daniel, Withdrawals
Thaddeus Dominique, Withdrawals

118,122.56

Theodore Daniel, Withdrawals


Thaddeus Dominique, Withdrawals
Theodore Daniel, Capital
Thaddeus Dominique, Capital

278,740.00

51,600.00
2,547.70
637.50
300.00
15,000.00
4,536.83
1,150.00
4,505.00
18,575.50
11,901.00
7,322.00
6,850.00
5,530.00
8,700.00
4,282.91
6,420.00
3,000.00
3,127.00
1,500.00
2,965.00
167.00

63,048.54
55,074.02
13,048.54
5,074.02
13,048.54
5,074.02

ACCOUNT TITLES
CASH
PETTY CASH
INTEREST RECEIVABLE
ACCOUNTS RECEIVABLE
ALLOWANCE FOR UNCOLLECTIBLE ACCOUNTS
MEDICAL SUPPLIES
OFFICE SUPPLIES
PREPAID INSURANCE
MEDICAL EQUIPMENT
ACCUMULATED DEPRECIATION - MEDICAL EQUIPMENT
OFFICE EQUIPMENT
ACCUMULATED DEPRECIATION - OFFICE EQUIPMENT
FURNITURES AND FIXTURES
ACCUMULATED DEPRECIATION - FURNITURES AND FIXTURES
RENT DEPOSIT
UTILITIES DEPOSIT
NOTES PAYABLE
INTEREST PAYABLE
ACCOUNTS PAYABLE
SALARIES PAYABLE
SSS AND EC CONTRIBUTIONS PAYABLE
PHILHEALTH CONTRIBUTIONS PAYABLE
PAG-IBIG CONTRIBUTIONS PAYABLE
WITHHOLDING TAXES PAYABLE
THEODORE DANIEL, CAPITAL
THEODORE DANIEL, WITHDRAWALS
THADDEUS DOMINIQUE, CAPITAL
THADDEUS DOMINIQUE, WITHDRAWALS
PATIENT SERVICE REVENUES
CONSULTANCY REVENUES
SALARIES EXPENSE
SSS AND EC CONTRIBUTIONS EXPENSE
PHILHEALTH CONTRIBUTIONS EXPENSE
PAG-IBIG CONTRIBUTIONS EXPENSE

WEEK 1
DEBIT
CREDIT
369,653.66
5,000.00

ADDITIONAL BAL.
DEBIT
CREDIT
99,900.00 18,171.16

WEEK 2
DEBIT
451,382.50
5,000.00

206,590.00

63,250.00

203,590.00

66,250.00

21,000.00
9,580.00
9,000.00
438,000.00

21,000.00
9,580.00
9,000.00
438,000.00

138,750.00

138,750.00

155,462.50

155,462.50

45,000.00
4,500.00

45,000.00
4,500.00

68,080.00
3,931.00
1,275.00
600.00
4,750.16
870,000.00

1,282.91
3,931.00
1,275.00
600.00
4,750.16

435,000.00
35,590.00
8,000.00

80,900.00
16,000.00

RENT EXPENSE
UTILITIES EXPENSE
CLEANING EXPENSE
LAUNDRY EXPENSE
LABORATORY EXPENSE
MEDICAL SUPPLIES EXPENSE
OFFICE SUPPLIES EXPENSE
PUBLICATION EXPENSE
TRAVEL EXPENSE
PROFESSIONAL DUES AND LICENSE EXPENSE
CHARITABLE CONTRIBUTIONS EXPENSE
UNCOLLECTIBLE ACCOUNTS EXPENSE
DEPRECIATION EXPENSE - MEDICAL EQUIPMENT
DEPRECIATION EXPENSE - OFFICE EQUIPMENT
DEPRECIATION EXPENSE - FURNITURES AND FIXTURES
INSURANCE EXPENSE
REPAIRS AND MAINTENANCE EXPENSE
MISCELLANEOUS EXPENSE
INTEREST INCOME
INTEREST EXPENSE
BALANCE

15,000.00

15,000.00
1,150.00

2,490.00
5,200.00
2,000.00

1,150.00

2,490.00
3,500.00
1,282.91

8,700.00
3,282.91

2,965.00

2,965.00

1,427,226.16 1,427,226.16 182,604.07 182,604.07 1,514,852.91

WEEK 2
CREDIT

ADDITIONAL BAL.
DEBIT
CREDIT
69,050.00 41,158.02

WEEK 3
DEBIT
CREDIT
479,274.48
5,000.00

ADDITIONAL BAL.
DEBIT
CREDIT
28,550.00 152,201.29

WEEK 4
DEBIT
CREDIT
355,623.19
5,000.00

ADDITIONAL BAL.
DEBIT
CREDIT
42,000.00 39,232.52

27,550.00

178,390.00

45,600.00

202,340.00

34,000.00

52,750.00

1,251.00

22,251.00
9,580.00
9,000.00
438,000.00

30,000.00

21,650.00

22,251.00
9,580.00
9,000.00
445,500.00

7,500.00

168,750.00

168,750.00

155,462.50

8,583.50

164,046.00

45,000.00
4,500.00

69,362.91

45,000.00
4,500.00

30,334.88

99,697.79

691.65
318.75
150.00
2,375.08
870,000.00

691.65
318.75
150.00
2,375.08
870,000.00

435,000.00

435,000.00

43,617.79

7,500.00

50,000.00

30,850.00
13,000.00
25,800.00

147,340.00
37,000.00
25,800.00

63,580.00

4,201.95

691.65
318.75
150.00
2,375.08
870,000.00

3,239.35
956.25
450.00
2,375.08

50,000.00
435,000.00

50,000.00
116,490.00
24,000.00

34,100.00

50,000.00
46,500.00
6,000.00

193,840.00
43,000.00
25,800.00

34,400.00
7,500.00
25,800.00
2,547.70
637.50
300.00

4,505.00
6,287.50

15,000.00
334.88
1,150.00
4,505.00
6,287.50

15,000.00
334.88
1,150.00
4,505.00
6,287.50

6,850.00

9,340.00

9,340.00

8,700.00
3,282.91

8,700.00
3,282.91

2,965.00

2,965.00

334.88

4,201.95

12,288.00

4,680.00

1,514,852.91 171,628.38 171,628.38 1,592,573.27 1,592,573.27 233,851.29 233,851.29 1,608,955.48 1,608,955.48 126,455.15 126,455.15

WEEK 5
DEBIT
CREDIT
358,390.67
5,000.00

REPLENISHMENTS
UNADJUSTED TRIAL BALANCE
DEBIT
CREDIT
DEBIT
CREDIT
2,017.00
356,373.67
5,000.00

202,240.00

202,240.00

22,251.00
9,580.00
9,000.00
445,500.00

22,251.00
9,580.00
9,000.00
445,500.00

168,750.00

168,750.00

164,046.00

164,046.00

45,000.00
4,500.00

45,000.00
4,500.00

67,781.95

67,781.95

3,931.00
1,275.00
600.00
4,750.16
870,000.00

3,931.00
1,275.00
600.00
4,750.16
870,000.00

50,000.00

50,000.00
435,000.00

50,000.00

435,000.00
50,000.00

228,240.00
50,500.00
51,600.00
2,547.70
637.50
300.00

228,240.00
50,500.00
51,600.00
2,547.70
637.50
300.00

15,000.00
4,536.83
1,150.00
4,505.00
18,575.50

15,000.00
4,536.83
1,150.00
4,505.00
18,575.50

9,340.00
4,680.00
8,700.00
3,282.91

1,000.00

9,340.00
5,530.00
8,700.00
4,282.91

167.00

2,965.00
167.00

850.00

2,965.00

1,662,078.11

1,662,078.11

2,017.00

2,017.00

1,662,078.11

1,662,078.11

BEG BAL
ABAD
ALVARO
BACALSO
BARBO
BOBADILLA
BOMBEO
BURGOS
CARDENAS
CORPUZ
DAGANTA
DAL
DELA CRUZ
DELLOSA
DEL MUNDO
DELOS SANTOS
DIMEN
DONDOYANO
DULAY
GALANG
GARACHICO
GASCON
GENERALES
GERON
GEVERA
GO
MARASIGAN
MATUGUINAS
MEDINA
MODESTO
MULLES
OPISO
PAHILAGAO
PASCUA
PATENO
PERU

10,750.00

4
400.00

400.00
550.00

39,000.00
20,000.00
18,750.00
23,500.00
7,500.00

-8,000.00
-15,000.00
340.00
-16,000.00

14,000.00
9,000.00

-10,000.00

14,000.00

300.00
400.00
450.00

3,750.00
7,750.00
400.00

-400.00

300.00
4,500.00
300.00
400.00
5,000.00

2,250.00
700.00

850.00

WK 1
BAL WK 1
8
9
10
400.00
400.00
0.00
0.00
400.00 11,150.00
0.00
0.00
550.00
550.00
-8,000.00 31,000.00
-15,000.00
5,000.00
340.00 19,090.00
-16,000.00
7,500.00
300.00
0.00
7,500.00 9,000.00
0.00
0.00 15,000.00
-10,000.00
4,000.00
0.00
9,000.00
900.00
0.00
0.00
0.00
0.00
1,000.00
14,300.00 14,300.00
0.00
0.00
400.00
400.00
350.00
450.00
450.00
0.00
0.00
0.00
3,750.00
-1,500.00
0.00
7,750.00
0.00
0.00
300.00
300.00
0.00
4,500.00
300.00
300.00
0.00
0.00
400.00
400.00
2,250.00
7,250.00
700.00
700.00
0.00
0.00
0.00
0.00
0.00
0.00
12,000.00
0.00
0.00
850.00
850.00

PIATOR
PIDO
PITULAR
POZON
RIVADELO
RUIZ
SALA
SEECHUA
SELISANA
SORRA
VILLON
VIRTUDAZO
WOO
YACAPIN
YUMOL
TOTAL

4,500.00

300.00
350.00
1,500.00
10,000.00
25,000.00
3,500.00
10,000.00
17,500.00
10,500.00 -5,750.00
246,000.00

-7,250.00

300.00

0.00
0.00
0.00
0.00
300.00
350.00
0.00
-7,250.00
0.00
0.00
0.00
0.00
300.00
0.00
-5,750.00

0.00
4,500.00
0.00
0.00
1,150.00
300.00
350.00
1,500.00
2,750.00
25,000.00
3,500.00
0.00
10,000.00 -5,000.00
17,800.00
0.00
4,750.00
206,590.00

400.00

400.00

550.00

11

12
550.00

1,250.00

750.00
-12,000.00
800.00
300.00

-4,500.00

2,250.00

-7,750.00

300.00

WK 2
BAL WK 2
15
16
17
18
19
WK 3
BAL WK 3
22
23
550.00
950.00
0.00
950.00
1,250.00
1,250.00
0.00
1,250.00
0.00 11,150.00
-9,000.00
-9,000.00
2,150.00
450.00
0.00
0.00
0.00
0.00
750.00
1,300.00
0.00
1,300.00 -1,300.00
-12,000.00 19,000.00
-12,000.00
-12,000.00
7,000.00
0.00
5,000.00
0.00
5,000.00
800.00 19,890.00
0.00 19,890.00
300.00
7,800.00
0.00
7,800.00
9,300.00 16,800.00
-7,500.00 -7,500.00
9,300.00
15,000.00 15,000.00
0.00 15,000.00
0.00
4,000.00
0.00
4,000.00
-3,600.00
5,400.00
0.00
5,400.00
0.00
0.00
450.00
450.00
450.00
1,000.00
1,000.00
0.00
1,000.00
600.00
0.00 14,300.00
0.00 14,300.00
2,250.00
2,250.00
2,250.00
2,250.00
4,500.00
350.00
750.00
0.00
750.00
-750.00
0.00
450.00
7,000.00
300.00 7,300.00
7,750.00
300.00
0.00
0.00
400.00
400.00
400.00
-1,500.00
2,250.00
0.00
2,250.00
-7,750.00
0.00
400.00
400.00
400.00
0.00
0.00
0.00
0.00
0.00
300.00
400.00
400.00
700.00
0.00
4,500.00 -4,500.00
-4,500.00
0.00
0.00
300.00
2,300.00 2,300.00
2,600.00
2,300.00
0.00
0.00
400.00
400.00
400.00
0.00
400.00
0.00
400.00
0.00
7,250.00
-5,000.00
-5,000.00
2,250.00
0.00
700.00
400.00
400.00
1,100.00
300.00
300.00
0.00
300.00
0.00
0.00
0.00
0.00
12,000.00 12,000.00
-12,000.00
-12,000.00
0.00
0.00
0.00
600.00
600.00
600.00
10,000.00
0.00
850.00 1,950.00
1,950.00
2,800.00

0.00
0.00
0.00
16,000.00 17,150.00
0.00
400.00
0.00
0.00
-18,000.00 -17,600.00
0.00
0.00
-5,000.00
-17,500.00
-17,500.00
0.00
550.00

0.00
4,500.00
0.00
17,150.00
300.00
750.00
1,500.00
2,750.00
7,400.00
3,500.00
0.00
5,000.00
300.00
0.00
5,300.00
203,590.00

400.00
450.00
300.00
800.00
7,250.00

300.00

300.00
-2,750.00
900.00

400.00
450.00
0.00
300.00
800.00
0.00
7,850.00
-2,750.00
0.00
900.00
0.00
0.00
0.00
0.00
0.00

400.00
4,950.00 -4,950.00
0.00
17,450.00
1,100.00
-1,100.00
750.00
400.00
9,350.00
0.00
7,400.00
4,400.00
0.00
4,250.00
5,000.00
300.00
0.00
5,300.00
178,390.00

24

25

-7,000.00

450.00

400.00
1,000.00
-4,500.00

-400.00
550.00
-700.00

26
-950.00

WK 4
BAL WK 4
-950.00
0.00
0.00
1,250.00
450.00
2,600.00
0.00
0.00
-1,300.00
0.00
-7,000.00
0.00
0.00
5,000.00
0.00 19,890.00
450.00
8,250.00
0.00
9,300.00
0.00 15,000.00
0.00
4,000.00
0.00
5,400.00
400.00
850.00
1,600.00
2,600.00
0.00 14,300.00
-4,500.00
0.00
-750.00
0.00
300.00
8,050.00
-400.00
0.00
0.00
2,250.00
550.00
950.00
0.00
0.00
-700.00
0.00
0.00
0.00
2,300.00
4,900.00
0.00
400.00
0.00
400.00
2,000.00 2,000.00
4,250.00
0.00
1,100.00
0.00
300.00
0.00
0.00
0.00
0.00
300.00 10,300.00 10,900.00
0.00
2,800.00

29

30

31

1,150.00
4,000.00

-5,000.00
-7,500.00

-10,000.00
-2,000.00
3,500.00
-850.00
550.00

1,100.00
-2,250.00
450.00
20,000.00

-400.00
-1,100.00
600.00

1,500.00

WK 5
0.00
1,150.00
4,000.00
0.00
0.00
0.00
-5,000.00
-7,500.00
0.00
0.00
-10,000.00
-2,000.00
3,500.00
-850.00
0.00
550.00
0.00
0.00
1,100.00
0.00
-2,250.00
450.00
20,000.00
0.00
0.00
0.00
0.00
-400.00
0.00
-1,100.00
600.00
0.00
0.00
1,500.00
0.00

BAL WK 5
0.00
2,400.00
6,600.00
0.00
0.00
0.00
0.00
12,390.00
8,250.00
9,300.00
5,000.00
2,000.00
8,900.00
0.00
2,600.00
14,850.00
0.00
0.00
9,150.00
0.00
0.00
1,400.00
20,000.00
0.00
0.00
4,900.00
400.00
0.00
4,250.00
0.00
900.00
0.00
0.00
12,400.00
2,800.00

950.00
3,000.00

400.00

950.00
-4,950.00
3,000.00
0.00
-1,100.00
400.00
0.00
0.00
0.00
17,500.00 17,500.00
300.00 4,550.00
0.00
450.00
850.00
0.00
0.00

1,350.00
0.00
3,000.00
17,450.00
0.00
1,150.00
9,350.00
0.00
7,400.00
21,900.00
4,550.00
5,000.00
1,150.00
0.00
5,300.00
202,340.00

400.00

750.00
-5,000.00

0.00
0.00
400.00
0.00
0.00
0.00
0.00
0.00
0.00
750.00
0.00
-5,000.00
0.00
0.00
0.00

1,350.00
0.00
3,400.00
17,450.00
0.00
1,150.00
9,350.00
0.00
7,400.00
22,650.00
4,550.00
0.00
1,150.00
0.00
5,300.00
202,240.00

NO.
100
101
111
120
121
130
131
140
150
151
152
153
154
155
160
161
200
201
210
220
221
222
223
224
300
301
302
303
310
400
401
500

ACCOUNT TITLES
CASH
PETTY CASH
INTEREST RECEIVABLE
ACCOUNTS RECEIVABLE
ALLOWANCE FOR UNCOLLECTIBLE ACCOUNTS
MEDICAL SUPPLIES
OFFICE SUPPLIES
PREPAID INSURANCE
MEDICAL EQUIPMENT
ACCUMULATED DEPRECIATION - MEDICAL EQUIPMENT
OFFICE EQUIPMENT
ACCUMULATED DEPRECIATION - OFFICE EQUIPMENT
FURNITURES AND FIXTURES
ACCUMULATED DEPRECIATION - FURNITURES AND FIXTURES
RENT DEPOSIT
UTILITIES DEPOSIT
NOTES PAYABLE
INTEREST PAYABLE
ACCOUNTS PAYABLE
SALARIES PAYABLE
SSS AND EC CONTRIBUTIONS PAYABLE
PHILHEALTH CONTRIBUTIONS PAYABLE
PAG-IBIG CONTRIBUTIONS PAYABLE
WITHHOLDING TAXES PAYABLE
THEODORE DANIEL, CAPITAL
THEODORE DANIEL, WITHDRAWALS
THADDEUS DOMINIQUE, CAPITAL
THADDEUS DOMINIQUE, WITHDRAWALS
INCOME SUMMARY
PATIENT SERVICE REVENUES
CONSULTANCY REVENUES
SALARIES EXPENSE

CLUB MEDICA
WORKSHEET FOR THE MONTH ENDED JULY 31, 2009
UNADJUSTED TRIAL
ADJUSTMENTS
ADJUSTED TRIAL BALANCE
BALANCE
DEBIT
CREDIT
DEBIT
CREDIT
DEBIT
356,373.67
356,373.67
5,000.00
5,000.00
202,240.00

202,240.00

22,251.00
9,580.00
9,000.00
445,500.00

11,901.00
4,832.00
1,500.00

10,350.00
4,748.00
7,500.00
445,500.00

6,420.00
168,750.00

168,750.00
3,000.00

164,046.00

164,046.00
3,127.00

45,000.00
4,500.00

45,000.00
4,500.00

67,781.95
3,931.00
1,275.00
600.00
4,750.16
870,000.00
50,000.00

50,000.00
435,000.00

50,000.00

50,000.00
228,240.00
50,500.00

51,600.00

51,600.00

501
502
503
510
511
512
513
520
521
530
531
532
533
534

540
541
542
543
550
551
570
600
700

SSS AND EC CONTRIBUTIONS EXPENSE


PHILHEALTH CONTRIBUTIONS EXPENSE
PAG-IBIG CONTRIBUTIONS EXPENSE
RENT EXPENSE
UTILITIES EXPENSE
CLEANING EXPENSE
LAUNDRY EXPENSE
LABORATORY EXPENSE
MEDICAL SUPPLIES EXPENSE
OFFICE SUPPLIES EXPENSE
PUBLICATION EXPENSE
TRAVEL EXPENSE
PROFESSIONAL DUES AND LICENSE EXPENSE
CHARITABLE CONTRIBUTIONS EXPENSE
BALANCE CARRIED FORWARD
BALANCE BROUGHT FORWARD
UNCOLLECTIBLE ACCOUNTS EXPENSE
DEPRECIATION EXPENSE - MEDICAL EQUIPMENT
DEPRECIATION EXPENSE - OFFICE EQUIPMENT
DEPRECIATION EXPENSE - FURNITURES AND FIXTURES
INSURANCE EXPENSE
REPAIRS AND MAINTENANCE EXPENSE
MISCELLANEOUS EXPENSE
INTEREST INCOME
INTEREST EXPENSE
BALANCE
PROFIT
TOTAL

2,547.70
637.50
300.00
15,000.00
4,536.83
1,150.00
4,505.00
18,575.50
11,901.00
4,832.00
9,340.00
5,530.00
8,700.00
4,282.91
1,658,946.11 1,662,078.11 16,733.00 30,780.00
1,658,946.11 1,662,078.11 16,733.00 30,780.00
6,420.00
3,000.00
3,127.00
1,500.00
2,965.00
167.00

1,662,078.11 1,662,078.11 30,780.00 30,780.00

2,547.70
637.50
300.00
15,000.00
4,536.83
1,150.00
4,505.00
18,575.50
11,901.00
4,832.00
9,340.00
5,530.00
8,700.00
4,282.91
1,657,446.11
1,657,446.11
6,420.00
3,000.00
3,127.00
1,500.00
2,965.00
167.00

1,674,625.11

DED JULY 31, 2009


JUSTED TRIAL BALANCE
CREDIT

INCOME STATEMENT
DEBIT
CREDIT

BALANCE SHEET
DEBIT
CREDIT
356,373.67
5,000.00
202,240.00
10,350.00
4,748.00
7,500.00
445,500.00

6,420.00

6,420.00
168,750.00

3,000.00

3,000.00
164,046.00

3,127.00

3,127.00
45,000.00
4,500.00

67,781.95

67,781.95

3,931.00
1,275.00
600.00
4,750.16
870,000.00

3,931.00
1,275.00
600.00
4,750.16
870,000.00
50,000.00

435,000.00

435,000.00
50,000.00

228,240.00
50,500.00

228,240.00
50,500.00
51,600.00

NO.
100
101
111
120
121
130
131
140
150
151
152
153
154
155
160
161
200
201
210
220
221
222
223
224
300
301
302
303
310
400
401
500

1,674,625.11
1,674,625.11

2,547.70
637.50
300.00
15,000.00
4,536.83
1,150.00
4,505.00
18,575.50
11,901.00
4,832.00
9,340.00
5,530.00
8,700.00
4,282.91
143,438.44
143,438.44

501
502
503
510
511
512
513
520
521
530
531
532
533
534
278,740.00
278,740.00

1,514,007.67
1,514,007.67

1,395,885.11
1,395,885.11
540
541
542
543
550
551
570
600
700

6,420.00
3,000.00
3,127.00
1,500.00
2,965.00
167.00

1,674,625.11

160,617.44
118,122.56
278,740.00

278,740.00

1,514,007.67

278,740.00

1,514,007.67

1,395,885.11
118,122.56
1,514,007.67

Club Medica
Statement of Cash Flow
For the Month Ended July 31, 2009
Cash Flows from Operating Activities
Cash received from clients
Payments to suppliers
Payments to employees
Payment for office rent
Payments for utilities
Payments for repairs and maintenance
Payments for other operating expenses
Net cash provided by (used in) operating activities

322,500.00
-3,741.00
-44,529.04
-15,000.00
-1,617.79
-2,965.00
-48,477.50

Cash Flows from Investing Activities


Payments to acquire property and equipment
Net cash provided by (used in) investing activities

-50,583.50

Cash Flows from Financing Activities


Payments to settle payables
Payments for withdrawals of the owner
Net cash provided by (used in) financing activities

-10,556.16
-100,000.00

Net Increse (Decrease) in Cash


Cash balance at the beginning of the period
Cash balance at the end of the period

206,169.67

-50,583.50

-110,556.16

45,030.01
311,343.66
356,373.67

Club Medica
Statement of Comprehensive Income
For the Month Ended July 31, 2009
REVENUES
CONSULTANCY REVENUES
PATIENT SERVICE REVENUES
INTEREST INCOME
Total Revenues
Less: EXPENSES
SALARIES EXPENSE
SSS AND EC CONTRIBUTIONS EXPENSE
PHILHEALTH CONTRIBUTIONS EXPENSE
PAG-IBIG CONTRIBUTIONS EXPENSE
RENT EXPENSE
UTILITIES EXPENSE
CLEANING EXPENSE
LAUNDRY EXPENSE
LABORATORY EXPENSE
MEDICAL SUPPLIES EXPENSE
OFFICE SUPPLIES EXPENSE
PUBLICATION EXPENSE
TRAVEL EXPENSE
PROFESSIONAL DUES AND LICENSE EXPENSE
CHARITABLE CONTRIBUTIONS EXPENSE
UNCOLLECTIBLE ACCOUNTS EXPENSE
DEPRECIATION EXPENSE - MEDICAL EQUIPMENT
DEPRECIATION EXPENSE - OFFICE EQUIPMENT
DEPRECIATION EXPENSE - FURNITURES AND FIXTURES
INSURANCE EXPENSE
REPAIRS AND MAINTENANCE EXPENSE
MISCELLANEOUS EXPENSE
INTEREST EXPENSE
TOTAL EXPENSES

50,500.00
228,240.00
0.00
278,740.00

51,600.00
2,547.70
637.50
300.00
15,000.00
4,536.83
1,150.00
4,505.00
18,575.50
11,901.00
4,832.00
9,340.00
5,530.00
8,700.00
4,282.91
6,420.00
3,000.00
3,127.00
1,500.00
2,965.00
167.00
160,617.44
118,122.56

PROFIT

DIVISION OF PROFITS
Profit
Partner Daniel (60%)
Partner Dominique (40%)
TOTAL

Salary Allowances
Interest on Beginning Capital Balances (30% per annum)
Profit and Loss Ratio 60:40
Total

118,122.56
63,048.54
55,074.02
118,122.56
Daniel
50,000.00
21,750.00
-8,701.46
63,048.54

Dominique
50,000.00
10,875.00
-5,800.98
55,074.02

Total
100,000.00
32,625.00
-14,502.44
118,122.56

Club Medica
Statement of Changes in Partner's Equity
For the Month Ended July 31, 2009
Daniel, Capital
Dominique, Capital
Capital Balances, July 1, 2009
870,000.00
435,000.00
Add: Additional Investments
0.00
0.00
Balance
870,000.00
435,000.00
Add: Profit
63,048.54
55,074.02
Total
933,048.54
490,074.02
Less: Drawings
50,000.00
50,000.00
Partner's Equity, July 31, 2009
883,048.54
440,074.02

Club Medica
Statement of Financial Position
As of July 31, 2009
ASSETS
CURRENT ASSETS:
Cash
Petty Cash
Interest Receivable
Accounts Receivable
Allowance For Uncollectible Accounts
Medical Supplies
Office Supplies
Prepaid Insurance
Rent Deposit
Utilities Deposit
Total Current Assets
NON-CURRENT ASSETS:
Medical Equipment
Less: Accumulated Depreciation - Medical Equipment
Office Equipment
Less: Accumulated Depreciation - Office Equipment
Furnitures And Fixtures
Less: Accumulated Depreciation - Furnitures And Fixtures
Total Non Current Assets

356,373.67
5,000.00
202,240.00
10,350.00
4,748.00
7,500.00
45,000.00
4,500.00
635,711.67

445,500.00
6,420.00
168,750.00
3,000.00
164,046.00
3,127.00

439,080.00
165,750.00
160,919.00
765,749.00

TOTAL ASSETS
LIABILITIES
CURRENT LIABILITIES:
Notes Payable
Interest Payable
Accounts Payable
Salaries Payable
Sss And Ec Contributions Payable
Philhealth Contributions Payable

1,401,460.67

67,781.95
3,931.00
1,275.00

Pag-Ibig Contributions Payable


Withholding Taxes Payable
Total Current Liabilities
PARTNER'S EQUITY
Theodore Daniel, Capital
Thaddeus Dominique, Capital
TOTAL LIABILITIES AND PARTNER'S EQUITY

600.00
4,750.16
78,338.11

883,048.54
440,074.02
1,401,460.67

Club Medica
Post-Closing Trial Balance
July 31, 2009
ACCOUNT TITLES
Cash
Petty Cash
Interest Receivable
Accounts Receivable
Allowance For Uncollectible Accounts
Medical Supplies
Office Supplies
Prepaid Insurance
Rent Deposit
Utilities Deposit
Medical Equipment
Accumulated Depreciation - Medical Equipment
Office Equipment
Accumulated Depreciation - Office Equipment
Furnitures And Fixtures
Accumulated Depreciation - Furnitures And Fixtures
Notes Payable
Interest Payable
Accounts Payable
Salaries Payable
Sss And Ec Contributions Payable
Philhealth Contributions Payable
Pag-Ibig Contributions Payable
Withholding Taxes Payable
Theodore Daniel, Capital
Thaddeus Dominique, Capital
TOTAL

DEBIT

CREDIT

356,373.67
5,000.00
202,240.00
10,350.00
4,748.00
7,500.00
45,000.00
4,500.00
445,500.00
6,420.00
168,750.00
3,000.00
164,046.00
3,127.00

67,781.95
3,931.00
1,275.00
600.00
4,750.16
883,048.54
440,074.02
1,414,007.67

1,414,007.67