I. Transactions Sept. 1. Dr. Anamping (sole owner). invested cash amounting to P2,000,000 and a clinic furniture worth P1,200,000. 2. Bought medical equipment on account from Manila Medical Equipment Supply Company amounting to P750,000, paying P200,000 and issued a note for the balance. 4. Bought medical supplies for cash, P100,000. 5. The doctor withdrew for his personal use, P15,000 7. Medical fees income earned for the week (Cash P50,000 and on Account P60,000). 9. Dr. A. made an additional cash investment of P350,000. 11. Full payment of the note issued to Manila Medical Equipment Supply Company, P550,000. 12. Bought a brand new vehicle to be used as ambulance car P2,000,000. 14. Medical fees earned for the week (Cash, P30,000, On Account P10,000) 15. Collected in full the patient's accounts of Sept. 7, P60,000. 18. Bought medical supplies on account from Amesco, P30,000 20. Travelled to Davao City to attend conference at Davao Medical School Foundation, Inc. P3,500. 28. Medical Fees income for two weeks: (Cash P40,000 On Account P70,000) 29. Brought a patient to Southern Philippines Medical Center and incurred expenses of P4,300. 29. Pick up a patient in Asuncion, Davao del Norte for confinement at the clinic, P900. 30. Paid the following expenses: Taxes and Licenses P20,000 Salaries and Attendants P45,000 Utilities Expense, P40,000 (light and water).

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Post these transactions in journal ledger with proper format.

(Answer should be in MS word)

Transcribed Image Text:I. Transactions Sept. 1. Dr. Anamping (sole owner). invested cash amounting to P2,000,000 and a clinic furniture worth P1,200,000. 2. Bought medical equipment on account from Manila Medical Equipment Supply Company amounting to P750,000, paying P200,000 and issued a note for the balance. 4. Bought medical supplies for cash, P100,000. 5. The doctor withdrew for his personal use, P15,000 7. Medical fees income earned for the week (Cash P50,000 and on Account P60,000). 9. Dr. A. made an additional cash investment of P350,000. 11. Full payment of the note issued to Manila Medical Equipment Supply Company, P550,000. 12. Bought a brand new vehicle to be used as ambulance car P2,000,000. 14. Medical fees earned for the week (Cash, P30,000, On Account P10,000) 15. Collected in full the patient's accounts of Sept. 7, P60,000. 18. Bought medical supplies on account from Amesco, P30,000 20. Travelled to Davao City to attend conference at Davao Medical School Foundation, Inc. P3,500. 28. Medical Fees income for two weeks: (Cash P40,000 On Account P70,000) 29. Brought a patient to Southern Philippines Medical Center and incurred expenses of P4,300. 29. Pick up a patient in Asuncion, Davao del Norte for confinement at the clinic, P900. 30. Paid the following expenses: Taxes and Licenses P20,000 Salaries and Attendants P45,000 Utilities Expense, P40,000 (light and water).

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