Acc101Q7(C)(E-5-3,pp187-188)

Name: Rexie Louie Mariano Date: September 9,2020

Date Particulars F Debit Credit

Aug. 1 Cash P2,000,000

Furniture and Fixtures P2,500,000

J. Alegre, Capital P4,500,000

To record initial Investment

Aug. 2 Medical Equipment P750,000

Notes Payable P550,000

Cash on Hand P200,000

To record Medical Equipment

Aug. 4 Unused Medical Supplies P100,000

Cash on Hand P100,000

To record Purchases Medical Supplies

Aug. 5 J. Alegre, Drawing P15,000

Cash on Hand P15,000

To record J. Alegre, Drawing

Aug. 7 Cash on Hand P50,000

Accounts Receivable P60,000

Medical Fees Income P110,000

To record Fees Income

Aug. 9 Cash on Hand P350,000

J. Alegre, Capital P350,000

To record additional Income

Aug. 11 Notes Payable P550,000

Cash on Hand P550,000

To record full payment on account

Aug. 15 Cash on Hand P60,000

Accounts Payable P60,000

To record Collection of Account

Aug. 18 Unused Medical Supplies P30,000

Accounts Payable P30,000

To record supplies

Aug. 20 Ambulance Car P1,500,000

Notes Payable P650,000

Cash on Hand P850,000

To record ambulance car amount

Aug. 25 Prepaid Insurance P25,000

Cash on Hand P25,000

To record insurance Premium

Aug. 26 Cash on Hand P40,000

Accounts Receivable P70,000

 Medical Fees Income P110,000

To record Income Fees

Aug. 30 Taxes and Licenses

Utilities Expenses

Cash on Hand

To record Expenses

Aug. 31 Notes Payable P650,000

Cash on Hand P650,000

To record payment of Ambulance car

Unused Medical Surprise P60,000

Accounts Payable P60,000

To record supplies

Salaries Expense P100,000

Cash on Hand P100,000

To record Salaries Expense