Recording on t accounts

and preparing trial

balances
 .
John Karlo Dalangin, a dentist, established Dalangin Clinic. The following
transactions occurred June of this year.
a. Dalangin deposited P280,000 in a bank account in the name of the business.
b. Bought a 3-1 office equipment from Pitular Equipment for P4,950, paying P1,000
and the rest on account
c. Bought waiting room chairs and table, paying cash P12,300.
d. Bought office intercom on account from NE Office Supplies, P2,750.
e. Received and paid telephone bill, P1,080
f. performed professional services on account, P12,940.
g. Received and paid electric bill, P 1,850.
h. Received and paid the bill for Regional Dental Convention, P 3,500
i. Performed professional services for cash P 17, 650
j. Partially settles account with NE Office Supply. P1,000
k. Paid rent for the month, P8,400
l. Paid salaries of the part time receptionist, P 3,500
m. Dalangin withdrew cash for personal use, P8,500
n. Received P5,500 on account from patients who were previously billed.
. Transactio
n
Debit Credit

A Cash Dalangin, Capital

B Office Equipment Cash and Accounts
Payable
C Furnitures and Fixtures Cash
D Office Equipment Accounts Payable
E Utilities Expense Cash
F Accounts Receivable Professional Fees
G Utilities Expense Cash
H Miscellaneous Expense Cash
I Cash Professional Fees
J Accounts Payable Cash
K Rent Expense Cash
L Salaries Expense Cash
M Withdrawal Cash
 Cash Accounts
Debit Credit Debit Receivables
Credit
a. P280,000
f. P12,940
b. P1,000
n P5,500
c. 12,300
P7,440
e. 1,080
g. 1,850 Office Equipment
h. 3,500 Debit Credit
i.De
17,650 b P 4,950
j. 1,000
d 2,750
k. 8,400
P7,700
l. 3,500
m. 8,500 Furnitures and
n. 5,500 Debit Fixtures
Credit
P 303, 150 P41,130 c. P 12,300
P262,020
 Liabilities Owner’s Equity

Accounts Payable Dalangin, Capital

Debit Credit
Debit Credit
a. P280,000
b. P3,950
d. 2,750
j. P 1,000
P1,000 P6,700 Dalangin,
P5,700 Debit Withdrawals
Credit
m. P8,500
 Revenue
Professional Fees
Debit Credit
f. P12,940
i. 17,650
P30,590

Expenses
Salaries Expense Rent Expense
Debit Credit Debit Credit
k. P3,500 k. P8,400
Utilities Expense
Debit Credit
Miscellaneous
e. P1,080
Expense
Debit Credit
g. 1,850 k. P3,500
P 2,930
 For the Month of June 2021
Trial Balance
Debit Credit
Cash P262,020
Accounts Receivable 7,440
Office Equipment 7,700
Furnitures and Fixtures 12,300
Accounts Payable P5,700
Dalangin, Capital 280,000
Dalangin, Withdrawals 8,500
Professional Fees 30,590
Rent Expense 8,400
Utilities Expense 2,930
Salaries Expense 3,500
Miscellaneous Expense 3,500
P316,290 P316,290
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