Name: Activity in ITPE 105 - PRINCIPLES OF ACCOUNTING Score: (On January 3, 2013, Jeanette Cabance, a recent medical board topnotcher, started her medical practice. During the month of January, the following transactions were completed: Jan. 3 12 15 17 20 22 23 25 26 ar 30 REQUIRED: Cabance invested Php 420,000 personal funds in a new bank account in the name Jeanette Cabance,M.D. Acquired medical equipment costing Php 95,000 from Aero Medical Equipment Company, paying Php 15,000 cash and financing the remainder by issuing a note payable. Paid rent, Php 7,500 ‘Acquired medical supplies from Medisina Medical Supply Company on account, Php 15,250 Received Php 18,460 in cash from patients for medical services rendered, Paid Pablo Labs for preparing laboratory work on patients, Php 1,800 Paid salaries of medical technician and receptionist, Php 9,600 Billed patients Php 51,700 for services rendered. Paid Medisina Medical Supply Company Php 9,250 on account. Paid Telephone expense, Php 850 Received Php 15,000 from patients billed Jan.15 ‘Acquired additional medical supplies from Medisina Medical Supply Company on account Php 10,100 Paid salaries Php 11,200 Billed patients for services rendered, Php 40,850 Paid Medisina Medical Supply Company, Php 8,000 on account ‘Withdrew Php 25,000 cash for personal use 4. Analyze and record the following completed transactions in a Financial Transaction Worksheet. 2. Prepare an income statement for the month ended January 30, 2013 3, Prepare a Cash flow statement for the month ended January 30, 2013.