1 Cash 6,390,000 Cash

Account Receivable 4,260,000

Service Revenues 10,650,000

2 Cash 1,377,500
Accounts Receivable 1,377,500

Doubtful accounts expense 72,500

Allowance for Doubtful accounts 72,500

3 Medical Supplies 200,000

Cash 200,000
AR
4 Dep exp - Building 150,000
Accum Dep - Bldg 150,000

Dep exp - eqpt 180,000 DA Exp

Accum Dep - eqpt 180,000
ADA
5 Insurance expense 360,000
Prepaid insurance 360,000
Medical supplies
6 Interest expense 480,000
Interest payable 480,000
Dep exp - Bldg
Note payable 1,400,000 Adep Bldg
Interest expense 157,500
Cash 1,557,500 Dep exp - eqpt
Adep eqpt

7 Salaries expense 1,250,000

Salaries payable 110,000 Service revenue
Cash 1,140,000

8 Other expenses 2,400,000 Insurance expense

Cash 2,400,000
Prepaid Insurance
9 Cash 450,000
Unearned Revenue 450,000 Interest expense

10 Cash 350,000
Soriano, Capital 350,000 Interest payable

11 Supplies expense 482,000

 Medical Supplies 482,000 Note Payable

12 Accounts payable 900,000

Cash 900,000 Salaries expense

Salaries payable

Other expenses

Unearned Revenue

Soriano, Capital

Supplies Expense

Accounts Payable
 6,390,000.00
1,377,500.00
(200,000.00)
(1,557,500.00)
(1,140,000.00)
(2,400,000.00)
450,000.00
350,000.00
(900,000.00)
2,370,000.00

4,260,000.00
(1,377,500.00)
2,882,500.00

72,500.00 72,500.00

(72,500.00) (72,500.00)

200,000.00
(482,000.00) (282,000.00)

150,000.00 150,000.00
(150,000.00) (150,000.00)

180,000.00 180,000.00
(180,000.00) (180,000.00)

(10,650,000.00) (10,650,000.00)

360,000.00 360,000.00

(360,000.00) (360,000.00)

480,000.00
157,500.00 637,500.00

(480,000.00) (480,000.00)
1,400,000.00 1,400,000.00

1,250,000.00 1,250,000.00

(110,000.00) (110,000.00)

2,400,000.00 2,400,000.00

(450,000.00) (450,000.00)

(350,000.00) (350,000.00)

482,000.00 482,000.00

900,000.00
 Posting Summary
Cash 2,370,000.00
AR 2,882,500.00
DA Exp 72,500.00
ADA (72,500.00)
Medical supplies (282,000.00)
Dep exp - Bldg 150,000.00
Adep Bldg (150,000.00)
Dep exp - eqpt 180,000.00
Adep eqpt (180,000.00)
Service revenue (10,650,000.00)
Insurance expense 360,000.00
Prepaid Insurance (360,000.00)
Interest expense 637,500.00
Interest payable (480,000.00)
Note Payable 1,400,000.00
Salaries expense 1,250,000.00
Salaries payable (110,000.00)
Other expenses 2,400,000.00
Unearned Revenue (450,000.00)
Soriano, Capital (350,000.00)
Supplies Expense 482,000.00
Accounts Payable 900,000.00
Entries
1 Cash 6,390,000 Cash
Account Receivable 4,260,000
Service Revenues 10,650,000

2 Cash 1,377,500
Accounts Receivable 1,377,500

Doubtful accounts expense 72,500

Allowance for Doubtful accounts 72,500

3 Medical Supplies 200,000

Cash 200,000
AR
4 Dep exp - Building 150,000
Accum Dep - Bldg 150,000

Dep exp - eqpt 180,000 DA Exp

Accum Dep - eqpt 180,000
ADA
5 Insurance expense 360,000
Prepaid insurance 360,000
Medical supplies
6 Interest expense 480,000
Interest payable 480,000
Dep exp - Bldg
Note payable 1,400,000 Adep Bldg
Interest expense 157,500
Cash 1,557,500 Dep exp - eqpt
Adep eqpt

7 Salaries expense 1,250,000

Salaries payable 110,000 Service revenue
Cash 1,140,000

8 Other expenses 2,400,000 Insurance expense

Cash 2,400,000
Prepaid Insurance
9 Cash 450,000
Unearned Revenue 450,000 Interest expense

10 Cash 350,000
Soriano, Capital 350,000 Interest payable

11 Supplies expense 482,000

 Medical Supplies 482,000 Note Payable

12 Accounts payable 900,000

Cash 900,000 Salaries expense

Salaries payable

Other expenses

Unearned Revenue

Soriano, Capital

Supplies Expense

Accounts Payable
 6,390,000.00
1,377,500.00
(200,000.00)
(1,557,500.00)
(1,140,000.00)
(2,400,000.00)
450,000.00
350,000.00
(900,000.00)
2,370,000.00

4,260,000.00
(1,377,500.00)
2,882,500.00

72,500.00 72,500.00

(72,500.00) (72,500.00)

200,000.00
(482,000.00) (282,000.00)

150,000.00 150,000.00
(150,000.00) (150,000.00)

180,000.00 180,000.00
(180,000.00) (180,000.00)

(10,650,000.00) (10,650,000.00)

360,000.00 360,000.00

(360,000.00) (360,000.00)

480,000.00
157,500.00 637,500.00

(480,000.00) (480,000.00)
1,400,000.00 1,400,000.00

1,250,000.00 1,250,000.00

(110,000.00) (110,000.00)

2,400,000.00 2,400,000.00

(450,000.00) (450,000.00)

(350,000.00) (350,000.00)

482,000.00 482,000.00

900,000.00