COMBINATION JOURNAL

Check Post Accounts Accounts Consultancy Patient Service

Cash Date Acct. Title / Explanation Other Accounts Receivable Payable Revenues Rev.
No. Ref.
Debit Credit Debit Credit Debit Credit Credit Credit
15,000.00 July 1 1422 Rent Expense 510 15,000.00
1 Medical Equipment 150 24,000.00 24,000.00
2,490.00 2 1423 Publication Expense 531 2,490.00
2,000.00 3 1424 Charitable Contributions Expense 534 2,000.00
8,000.00 3 8,000.00
5,200.00 4 1425 Professional Dues and License Expense 533 5,200.00
4 Office Supplies 131 2,080.00 2,080.00
12,600.00 Daily Appointment Records 22,990.00 35,590.00
62,400.00 Accounts Receivable (Daily Appt. Rec.) 120 62,400.00
83,000.00 24,690.00 6 SUB-TOTAL 62,400.00 22,990.00 26,080.00 8,000.00 35,590.00

16,000.00 July 8 16,000.00

2,965.00 9 1426 Repairs and Maintenance Expense 551 2,965.00
1,150.00 9 1427 Cleaning Expense 512 1,150.00
10,556.16 10 1428 SSS and EC Contributions Payable 221 3,931.00
Philhealth Contributions Payable 222 1,275.00
Pag-IBIG Contrbutions Payable 223 600.00
Withholding Taxes Payable 224 4,750.16
3,500.00 10 1429 Professional Dues and License Expense 533 3,500.00
11 Utilities Expense 511 1,282.91 1,282.91
17,650.00 Daily Appointment Records 63,250.00 80,900.00
66,250.00 Accounts Receivable (Daily Appt. Rec.) 120 66,250.00
99,900.00 18,171.16 13 SUB-TOTAL 66,250.00 63,250.00 1,282.91 16,000.00 80,900.00
 COMBINATION JOURNAL
Accounts Accounts Consultancy Patient Service
Check Post
Cash Date Acct. Title / Explanation Other Accounts Receivable Payable Revenues Rev.
No. Ref.
Debit Credit Debit Credit Debit Credit Credit Credit
22,264.52 July 15 1430 Salaries Expense 500 25,800.00
SSS and EC Contribution Payable 221 691.65
Philhealth Contributions Payable 222 318.75
Pag-IBIG Contributions Payable 223 150.00
Withholding Taxes Payable 224 2,375.08
6,287.50 15 1431 Laboratory Expense 520 6,287.50
4,505.00 16 1432 Laundry Expense 513 4,505.00
16 Office Equipment 152 30,000.00 30,000.00
6,850.00 17 1433 Publication Expense 531 6,850.00
13,000.00 17 13,000.00
18 Utilities Expense 511 334.88 334.88
1,251.00 18 1434 Medical Supplies 130 1,251.00
3,300.00 Daily Appointment Records 27,550.00 30,850.00
52,750.00 Accounts Receivable (Daily Appt. Rec.) 120 52,750.00
334.88 21 1435 Accounts Payable 210 334.88
69,050.00 41,492.90 SUB-TOTAL 75,363.26 56,285.48 27,550.00 30,334.88 13,000.00 30,850.00

July 22 Medical Equipment 150 7,500.00 7,500.00

50,000.00 23 1436 Theodore Daniel, Withdrawals 301 50,000.00
50,000.00 1437 Thaddeus Dominique, Withdrawals 303 50,000.00
42,000.00 23 1438 Accounts Payable 210 42,000.00
8,583.50 24 1439 Furnitures and Fixtures 154 8,583.50
6,000.00 25 6,000.00
900.00 Daily Appointment Records 45,600.00 46,500.00
21,650.00 Accounts Receivable (Daily Appt. Rec.) 120 21,650.00
1,282.91 27 1440 Accounts Payable 210 1,282.91
28,550.00 151,866.41 SUB-TOTAL 159,366.41 21,650.00 45,600.00 7,500.00 6,000.00 46,500.00
 COMBINATION JOURNAL

Accounts Accounts Consultancy Patient Service

Check Post
Cash Date Acct. Title / Explanation Other Accounts Receivable Payable Revenues Rev.
No. Ref.
Debit Credit Debit Credit Debit Credit Credit Credit
22,264.52 July 31 1441 Salaries Expense 500 25,800.00
SSS and EC Contributions Payable 221 691.65
Philhealth Contributions Payable 222 318.75
Pag-IBIG Contributions Payable 223 150.00
Withholding Taxes Payable 224 2,375.08
31 SSS and Ec Contributions Expense 501 2,547.70
Philhealth Contributions Expense 502 637.50
Pag-IBIG Contributions Expense 503 300.00
SSS and EC Contrbutions Payable 221 2,547.70
Philhealth Contributions Payable 222 637.50
Pag-IBIG Contributions Payable 223 300.00
12,288.00 31 Laboratory Expense 520 12,288.00
31 Utilities Expense 511 4,201.95 4,201.95
4,680.00 31 Travel Expense 532 4,680.00
7,500.00 31 7,500.00
400.00 Daily Appointment Records 34,000.00 34,400.00
34,100.00 Accounts Receivable (Daily Appt. Rec.) 120 34,100.00
42,000.00 39,232.52 SUB-TOTAL 50,455.15 41,120.68 34,000.00 4,201.95 7,500.00 34,400.00

2,017.00 31 Miscellaneous Expense (PC Record) 570 167.00

Travel Expense (PC Record) 532 850.00
Charitable Contributions Expense (PCR) 534 1,000.00
 GENERAL JOURNAL
Date Account Titles and Explanation PR Debit Credit

July 6 Cash 58,310.00

Office Supplies 2,080.00
Medical Equipment 24,000.00
Rent Expense 15,000.00
Publication Expense 2,490.00
Charitable contribution Expense 2,000.00
Professional Dues and License Expense 5,200.00
Accounts Receivable 39,410.00
Accounts Payable 26,080.00
Patient Service Revenue 35,590.00
Consultancy Revenues 8,000.00

13 Cash 81,728.84
SSS and EC Contributions Payable 3,931.00
Philhealth Contributions Payable 1,275.00
Pag-IBIG Contributions Payable 600.00
Withholding Taxes Payable 4,750.16
Repair and Maintenance Expense 2,965.00
Cleaning Expense 1,150.00
Professional Dues and License Expense 3,500.00
Utilities Expense 1,282.91
Accounts Receivable 3,000.00
Accounts Payable 1,282.91
Patient Service Revenues 80,900.00
Consultancy Revenues 16,000.00

19 Cash 27,557.10
Medical Supplies 1,251.00
Office Equipment 30,000.00
Salaries Expense 25,800.00
Laboratory Expense 6,287.50
Laundry Expense 4,505.00
Publication Expense 6,850.00
Utilities Expense 334.88
Accounts Receivable 25,200.00
Accounts Payable 30,000.00
SSS and EC Contrbutions Payable 691.65
Philhealth Contributions Payable 318.75
Pag-IBIG Contributions Payable 150.00
Withholding Taxes Payable 2,375.08
Patient Service Revenues 30,850.00
Consultancy Revenues 13,000.00
 GENERAL JOURNAL
Date Account Titles and Explanation PR Debit Credit
July 26 Account Receivable 23,950.00
Medical Equipment 7,500.00
Furnitures and Fixtures 8,583.50
Accounts Payable 35,782.91
Theodore Daniel, Withdrawals 50,000.00
Thaddeus Dominique, Withdrawals 50,000.00
Cash 123,316.41
Patient Service Revenues 46,500.00
Consultancy Revenues 6,000.00

31 Cash 2,767.48
Salaries Expense 25,800.00
SSS and EC Contributions Expense 2,547.70
Philhealth Contributions Expense 637.50
Pag-IBIG Contributions Expense 300.00
Laboratory Expense 12,288.00
Utilities Expense 4,201.95
Travel Expense 4,680.00
Accounts Receivable 100.00
Accounts Payable 4,201.95
SSS and EC Contributions Payable 3,239.35
Philhealth Contributions Payable 956.25
Pag-IBIG Contributions Payable 450.00
Withholding Taxes Payable 2,375.08
Patient Service Revenues 34,400.00
Consultancy Revenues 7,500.00

31 Miscellaneous Expense 167.00

Travel Expense 850.00
Charitable Contributions Expense 1,000.00
Cash 2,017.00

31 Medical Supplies Expense 11,901.00

Office Supplies Expense 4,832.00
Insurance Expense 1,500.00
Depreciation Expense - Medical Equipment 6,420.00
Depreciation Expense - Office Equipment 3,000.00
Depreciation Expense - Furnitures and Fixtures 3,127.00
Medical Supplies 11,901.00
Office Supplies 4,832.00
Prepaid Insurance 1,500.00
Accu. Depreciation-Medical Equipment 6,420.00
 Accu. Depreciation-Office Equipment 3,000.00
Accu. Depreciation-Furnitures and Fixtures 3,127.00
Adjustments

GENERAL JOURNAL
Date Account Titles and Explanation PR Debit Credit
July 1 Theodore Daniel, Capital 405,949.34
Account Receivables 4,000.00
Theodore Daniel, Capital 4,000.00
Medical Supplies 4,007.00
Office Supplies 2,028.00
Petty Cash 1,675.00
Account Receivables 4,000.00
Cash 394,239.34
Adjustment on the book of the Proprietor

Cash 435,000.00
Thaddeus Dominique, Capital 435,000.00
Investment of Dominique

1 Cash 313,018.66
Petty Cash 3,325.00
Accounts Receivable 246,000.00
Medical Supplies 21,000.00
Office Supplies 7,500.00
Prepaid Insurance 9,000.00
Medical Equipment 450,000.00
Office Equipment 150,000.00
Furnitures and Fixtures 168,000.00
Rent Deposit 45,000.00
Utilities Deposit 4,500.00
Accu. Dep. - Medical Equipment 36,000.00
Accu. Dep. - Office Equipment 11,250.00
Accu. Dep. - Furnitures and Fixtures 12,537.50
Accounts Payable 42,000.00
SSS and EC Contrbutions Payable 3,931.00
Philhealth Contributions Payable 1,275.00
Pag - IBIG Contributions Payable 600.00
Withholding Taxes Payable 4,750.16
Theodore Daniel, Capital 870,000.00
Thaddeus Dominique, Capital 435,000.00
To record the investment of Daniel and Dominique
 GENERAL JOURNAL
Date Account Titles and Explanation PR Debit Credit
July 31 Patient Service Revenues 228,240.00
Consultancy Revenues 50,500.00
Income Summary 278,740.00
To close revenue acoounts

Income Summary 160,617.44

Salaries Expense 51,600.00
SSS and EC Contributions Expense 2,547.70
Philhealth Contributions Expense 637.50
Pag-IBIG Contributions Expense 300.00
Rent Expense 15,000.00
Utilities Expense 5,819.74
Cleaning Expense 1,150.00
Laundry Expense 4,505.00
Laboratory Expense 18,575.50
Medical Supplies Expense 11,901.00
Office Supplies Expense 4,832.00
Publications Expense 9,340.00
Travel Expense 5,530.00
Professional Dues and License Expense 8,700.00
Charitable Contrbutions Expense 3,000.00
Depreciation Expense - Medical Equipment 6,420.00
Depreciation Expense - Office Equipment 3,000.00
Depreciation Expense - Furnitures and Fixtures 3,127.00
Insurance Expense 1,500.00
Repairs and Maintenance Expense 2,965.00
Miscellaneous Expense 167.00
To close expense accounts

Income Summary 118,122.56

Theodore Daniel, Capital 68,048.54
Thaddeus Dominique, Capital 50,074.02
To record partners' profit distribution

Theodore Daniel, Capital 50,000.00

Thaddeus Dominique, Capital 50,000.00
Theodore Daniel, Withdrawal 50,000.00
Thaddeus Dominique, Withdrawal 50,000.00
To close withdrawals to partners' capital
 GENERAL LEDGER
Account: Cash
Post Balance
Date Explanation Debit Credit
Ref. Debit Credit

2009 July 1 Balance 313,018.66

6 For the 1st week 58,310.00 371,328.66
12 For the 2nd week 81,728.84 453,057.50
19 For the 3rd week 27,557.10 480,614.60
26 For the 4th week 123,316.41 357,298.19
31 For the 5th week 2,767.48 360,065.67
31 Petty Cash Expenses 2,017.00 358,048.67

Account: Petty Cash Fund

Post Balance
Date Explanation Ref. Debit Credit Debit Credit

2009 July 1 Balance 3,325.00

Account: Interest Receivable

Post Balance
Date Explanation Ref. Debit Credit Debit Credit

2009 July

Account: Accounts Receivable

Post Balance
Date Explanation Ref. Debit Credit Debit Credit

2009 July 1 Balance 246,000.00

6 For the 1st week 39,410.00 206,590.00
12 For the 2nd week 3,000.00 203,590.00
19 For the 3rd week 25,200.00 178,390.00
26 For the 4th week 23,950.00 202,340.00
31 For the 5th week 100.00 202,240.00

Account: Allowance for Uncollectible Accounts

Post Balance
Date Explanation Ref. Debit Credit Debit Credit

2009 July

Account: Medical Supplies

Post Balance
Date Explanation Ref. Debit Credit Debit Credit

2009 July 1 Balance 21,000.00

19 Acquired on Cash 1,251.00 22,251.00
 31 Adjustment 11,901.00 10,350.00

Account: Office Supplies

Post Balance
Date Explanation Ref. Debit Credit Debit Credit

2009 July 1 Balance 7,500.00

4 Acquired on account 2,080.00 9,580.00
31 Adjustment 4,832.00 4,748.00

Account: Prepaid Insurance

Post Balance
Date Explanation Ref. Debit Credit Debit Credit

2009 July 1 Balance 9,000.00

31 Adjustment 1,500.00 7,500.00

Account: Medical Equipment

Post Balance
Date Explanation Ref. Debit Credit Debit Credit

2009 July 1 Balance 450,000.00

1 Acquired on account 24,000.00 474,000.00
22 Acquired on account 7,500.00 481,500.00

Account: Accumulated Depreciation - Medical Equipment

Post Balance
Date Explanation Ref. Debit Credit Debit Credit

2009 July 1 Balance 36,000.00

31 Dep. for July / Adjustment 6,420.00 42,420.00

Account: Office Equipment

Post Balance
Date Explanation Ref. Debit Credit Debit Credit

2009 July 1 Balance 150,000.00

16 Acquired on account 30,000.00 180,000.00

Account: Accumulated Depreciation - Office Equipment

Post Balance
Date Explanation Ref. Debit Credit Debit Credit

2009 July 1 Balance 11,250.00

31 Dep. For July / Adjustment 3,000.00 14,250.00
 Account: Furnitures and Fixtures
Post Balance
Date Explanation Ref. Debit Credit Debit Credit

2009 July 1 Balance 168,000.00

24 Acquired through cash 8,583.50 176,583.50

Account: Accumulated Depreciation - Furnitures and Fixtures

Post Balance
Date Explanation Ref. Debit Credit Debit Credit

2009 July 1 Balance 12,537.50

31 Dep. For July / Adjustment 3,127.00 15,664.50

Account: Rent Deposit

Post Balance
Date Explanation Ref. Debit Credit Debit Credit

2009 July 1 Balance 45,000.00

Account: Utilities Deposit

Post Balance
Date Explanation Ref. Debit Credit Debit Credit

2009 July 1 Balance 4,500.00

Account: Notes Payable

Post Balance
Date Explanation Ref. Debit Credit Debit Credit

2009 July

Account: Interest Payable

Post Balance
Date Explanation Ref. Debit Credit Debit Credit

2009 July

Account: Accounts Payable

Post Balance
Date Explanation Ref. Debit Credit Debit Credit
2009 July 1 Balance 42,000.00
6 For the 1st week 26,080.00 68,080.00
13 For the 2nd week 1,282.91 69,362.91
19 For the 3rd week 30,000.00 99,362.91
26 For the 4th week 35,782.91 63,580.00
31 For the 5th week 4,201.95 67,781.95

Account: Salaries Payable

Post Balance
Date Explanation Ref. Debit Credit Debit Credit

2009 July

Account: SSS and EC Contributions Payable

Post Balance
Date Explanation Ref. Debit Credit Debit Credit

2009 July 1 Balance 3,931.00

10 Paid on cash 3,931.00 0.00
15 Payroll activities 691.65 691.65
31 Payroll acty. / Employer's Expense 3,239.35 3,931.00

Account: Philhealth Contributions Payable

Post Balance
Date Explanation Ref. Debit Credit Debit Credit

2009 July 1 Balance 1,275.00

10 Paid on cash 1,275.00 0.00
15 Payroll activities 318.75 318.75
31 Payroll acty. / Employer's Expense 956.25 1,275.00

Account: Pag - IBIG Contributions Payable

Post Balance
Date Explanation Ref. Debit Credit Debit Credit

2009 July 1 Balance 600.00

10 Paid on cash 600.00 0.00
15 Payroll activities 150.00 150.00
31 Payroll acty. / Employer's Expense 450.00 600.00

Account: Withholding Taxes Payable

Post Balance
Date Explanation Ref. Debit Credit Debit Credit
2009 July 1 Balance 4,750.16
10 Paid on Cash 4,750.16 0.00
15 Payroll activities 2,375.08 2,375.08
31 Payroll activities 2,375.08 4,750.16

Account: Theodore Daniel, Capital

Post Balance
Date Explanation Ref. Debit Credit Debit Credit

2009 July 1 Balance 870,000.00

Account: Theodore Daniel, Withdrawals

Post Balance
Date Explanation Ref. Debit Credit Debit Credit

2009 July 23 Personal use 50,000.00 50,000.00

Account: Thaddeus Dominique, Capital

Post Balance
Date Explanation Ref. Debit Credit Debit Credit

2009 July 1 Balance 435,000.00

Account: Thaddeus Dominique, Withdrawals

Post Balance
Date Explanation Ref. Debit Credit Debit Credit

2009 July 23 Personal use 50,000.00 50,000.00

Account: Income Summary Accounts

Post Balance
Date Explanation Ref. Debit Credit Debit Credit

2009 July

Account: Patient Service Revenues

Post Balance
Date Explanation Ref. Debit Credit Debit Credit

2009 July 6 Daily Appointment Record 35,590.00 35,590.00

13 Daily Appointment Record 80,900.00 116,490.00
19 Daily Appointment Record 30,850.00 147,340.00
26 Daily Appointment Record 46,500.00 193,840.00
 31 Daily Appointment Record 34,400.00 228,240.00

Account: Consultancy Revenues

Post Balance
Date Explanation Ref. Debit Credit Debit Credit

2009 July 3 From Little Therese Learning Sch. 8,000.00 8,000.00

8 From the City Government 16,000.00 24,000.00
17 From the Jose Rizal University 13,000.00 37,000.00
25 From Atty. Moises Dondoyano 6,000.00 43,000.00
31 From the Arizona Gym 7,500.00 50,500.00

Account: Salaries Expense

Post Balance
Date Explanation Ref. Debit Credit Debit Credit

2009 July 15 Payroll activities 25,800.00 25,800.00

31 Payroll activities 25,800.00 51,600.00

Account: SSS and EC Contributions Expense

Post Balance
Date Explanation Ref. Debit Credit Debit Credit

2009 July 31 Employer's expense 2,547.70 2,547.70

Account: Philhealth Contributions Expense

Post Balance
Date Explanation Ref. Debit Credit Debit Credit

2009 July 31 Employer's Expense 637.50 637.50

Account: Pag - IBIG Contributions Expense

Post Balance
Date Explanation Ref. Debit Credit Debit Credit

2009 July 31 Employer's expense 300.00 300.00

Account: Rent Expense

Post Balance
Date Explanation Ref. Debit Credit Debit Credit

2009 July 1 Rent for July 15,000.00 15,000.00

Account: Utilities Expense

Post Balance
Date Explanation Ref. Debit Credit Debit Credit
2009 July 11 Telephone bill 1,282.91 1,282.91
18 Water bill 334.88 1,617.79
31 Electric bill 4,201.95 5,819.74

Account: Cleaning Expense

Post Balance
Date Explanation Ref. Debit Credit Debit Credit

2009 July 9 Office cleaning for 2 weeks 1,150.00 1,150.00

Account: Laundry Expense

Post Balance
Date Explanation Ref. Debit Credit Debit Credit

2009 July 16 To Fast Wash Laundry Service 4,505.00 4,505.00

Account: Laboratory Expense

Post Balance
Date Explanation Ref. Debit Credit Debit Credit

2009 July 15 For the period July 1 -12, 2009 6,287.50 6,287.50
31 For the period July 13 - 31, 2009 12,288.00 18,575.50

Account: Medical Supplies Expense

Post Balance
Date Explanation Ref. Debit Credit Debit Credit

2009 July 31 Adjustment 11,901.00 11,901.00

Account: Office Supplies Expense

Post Balance
Date Explanation Ref. Debit Credit Debit Credit

2009 July 31 Adjustment 4,832.00 4,832.00

Account: Publications Expense

Post Balance
Date Explanation Ref. Debit Credit Debit Credit

2009 July 2 To Direct Marketing Inc. 2,490.00 2,490.00

17 To JEM Medical Publishers 6,850.00 9,340.00

Account: Travel Expense

 Post Balance
Date Explanation Ref. Debit Credit Debit Credit

2009 July 31 To Star Travel for an airline ticket 4,680.00 4,680.00

31 Petty Cash Voucher Expense 850.00 5,530.00

Account: Professional Dues and License Expense

Post Balance
Date Explanation Ref. Debit Credit Debit Credit

2009 July 4 to the Phil. Medical Assoc. 5,200.00 5,200.00

10 To the Manila Medical Society 3,500.00 8,700.00

Account: Charitable Contributions Expense

Post Balance
Date Explanation Ref. Debit Credit Debit Credit

2009 July 3 To Phil. Animal Welfare Society 2,000.00 2,000.00

31 Petty Cash Voucher Expense 1,000.00 3,000.00

Account: Uncollectible Accounts Expense

Post Balance
Date Explanation Ref. Debit Credit Debit Credit

2009 July

Account: Depreciation Expense - Medical Equipment

Post Balance
Date Explanation Ref. Debit Credit Debit Credit

2009 July 31 Dep. For July / Adjustment 6,420.00 6,420.00

Account: Depreciation Expense - Office Equipment

Post Balance
Date Explanation Ref. Debit Credit Debit Credit

2009 July 31 Dep. For July / Adjustment 3,000.00 3,000.00

Account: Depreciation Expense - Furnitures and Fixtures

Post Balance
Date Explanation Ref. Debit Credit Debit Credit

2009 July 31 Dep. For July / Adjustment 3,127.00 3,127.00

 Account: Insurance Expense
Post Balance
Date Explanation Ref. Debit Credit Debit Credit

2009 July 31 Expired Insurance for July 1,500.00 1,500.00

Account: Repairs and Maintenance Expense

Post Balance
Date Explanation Ref. Debit Credit Debit Credit

2009 July 9 Minor repair of X-ray machine 2,965.00 2,965.00

Account: Miscellaneous Expense

Post Balance
Date Explanation Ref. Debit Credit Debit Credit

2009 July 31 Petty Cash Voucher Expense 167.00 167.00

Account: Interest Income

Post Balance
Date Explanation Ref. Debit Credit Debit Credit

2009 July

Account: Interest Expense

Post Balance
Date Explanation Ref. Debit Credit Debit Credit

2009 July
 PATIENT SUBSIDIARY LEDGER

Account Name: Abad, Mary Paz

Post
Date Credit Balance
Explanation Ref. Debit
2009
July 4 Clinical Visit 400.00 400.00
12 Others 550.00 950.00
26 Collections 950.00 0.00

Account Name: Alvaro, Bienvenida

Post
Date Credit Balance
Explanation Ref. Debit
2009
July 2 Clinical Visit on Cash 400.00 400.00 -
11 Medical Treatment 1,250.00 1,250.00
30 Clinical Visit and Others 1,150.00 2,400.00

Account Name: Bacalso, Lucena

Post
Date Credit Balance
Explanation Ref. Debit
2009
July 1 Balance 10,750.00
3 Clinical Visit 400.00 11,150.00
17 Collections 9,000.00 2,150.00
22 Medical Treatment 450.00 2,600.00
31 Medical Treatment 4,000.00 6,600.00

Account Name: Barbo, Samuel

Post
Date Credit Balance
Explanation Ref. Debit
2009
July 9 Medical Treatment on Cash 1,250.00 1,250.00 -
25 Clinical Visit on Cash

Account Name: Bobadilla, Paz

Post
Date Credit Balance
Explanation Ref. Debit
2009
July 1 Others 550.00 550.00
11 Clinical Visit and Others 750.00 1,300.00
22 Collections 1,300.00 0.00
Account Name: Bombeo, Melchor
Post
Date Credit Balance
Explanation Ref. Debit
2009
July 1 Balance 39,000.00
2 Collections 8,000.00 31,000.00
12 Collections 12,000.00 19,000.00
18 Collections 12,000.00 7,000.00
24 Collections 7,000.00 0.00

Account Name: Burgos, Nilo and Family

Post
Date Credit Balance
Explanation Ref. Debit
2009
July 1 Balance 20,000.00
4 Collections 15,000.00 5,000.00
17 Clinical Visit and Others on Cash
29 Collections 5,000.00 0.00

Account Name: Cardenas, Loida

Post
Date Credit Balance
Explanation Ref. Debit
2009
July 1 Balance 18,750.00
1 Others 340.00 19,090.00
11 Clinical Visit 800.00 19,890.00
31 Collections 7,500.00 12,390.00

Account Name: Corpuz, Deogracia

Post
Date Credit Balance
Explanation Ref. Debit
2009
July 1 Balance 23,500.00
5 Collections 16,000.00 7,500.00
10 Hospital Visit 300.00 7,800.00
24 Medical Treatment 450.00 8,250.00

Account Name: Daganta, Nelson

Post
Date Credit Balance
Explanation Ref. Debit
2009
July 1 Balance 7,500.00
8 Surgical Treatment 9,000.00 16,500.00
12 Hospital Visit 300.00 16,800.00
19 Collections 7,500.00 9,300.00
Account Name: Dal, Virgie
Post
Date Credit Balance
Explanation Ref. Debit
2009
July 8 Surgical Treatment 15,000.00 15,000.00
10 Collections 10,000.00 5,000.00

Account Name: Dela Cruz, Lydia

Post
Date Credit Balance
Explanation Ref. Debit
2009
July 1 Balance 14,000.00
2 Collections 10,000.00 4,000.00
12 Medical Treatment on Cash
30 Collections 2,000.00 2,000.00

Account Name: Dellosa, Grace

Post
Date Credit Balance
Explanation Ref. Debit
2009
July 1 Balance 9,000.00
8 Hospital Visit and Others 900.00 9,900.00
11 Collections 4,500.00 5,400.00
30 Medical Treatment 3,500.00 8,900.00

Account Name: Del Mundo, Galicano

Post
Date Credit Balance
Explanation Ref. Debit
2009
July 5 Medical Treatment on Cash
17 Medical Treatment 450.00 450.00
25 Clinical Visit 400.00 850.00
31 Collections 850.00 0.00

Account Name: Delos Santos, Enrique

Post
Date Credit Balance
Explanation Ref. Debit
2009
July 9 Clinical Visit and Others 1,000.00 1,000.00
22 Others 600.00 1,600.00
25 Medical Treatment 1,000.00 2,600.00

Account Name: Dimen, Gloria

Post
Date Credit Balance
Explanation Ref. Debit
 2009
July 3 Surgical Treatment 14,000.00 14,000.00
4 Hospital Visit 300.00 14,300.00
29 Others 550.00 14,850.00

Account Name: Dondoyano, Moises

Post
Date Credit Balance
Explanation Ref. Debit
2009
July 12 Medical Treatment 2,250.00 2,250.00
16 Medical Treatment 2,250.00 4,500.00
25 Collections 4,500.00 0.00

Account Name: Dulay, Eugenia

Post
Date Credit Balance
Explanation Ref. Debit
2009
July 5 Clinical Visit 400.00 400.00
10 Others 350.00 750.00
23 Medical Treatment 750.00 0.00

Account Name: Galang, Teresita

Post
Date Credit Balance
Explanation Ref. Debit
2009
July 5 Medical Treatment 450.00 450.00
17 Surgical Treatment 7,000.00 7,450.00
19 Hospital Visit 300.00 7,750.00
23 Hospital Visit 300.00 8,050.00
29 Clinical Visit and Medical Treatment 1,100.00 9,150.00

Account Name: Garachico, Lani

Post
Date Credit Balance
Explanation Ref. Debit
2009
July 1 Medical Treatment on Cash
19 Clincal Visit 400.00 400.00
24 Collections 400.00 0.00

Account Name: Gascon, Matilde

Post
Date Credit Balance
Explanation Ref. Debit
2009
July 1 Balance 3,750.00
9 Collections 1,500.00 2,250.00
30 Collections 2,250.00 0.00
Account Name: Generales, Leonila
Post
Date Credit Balance
Explanation Ref. Debit
2009
July 1 Balance 7,750.00
11 Collections 7,750.00 0.00
18 Clinical Visit 400.00 400.00
25 Others 550.00 950.00
29 Medical Treatment 450.00 1,400.00

Account Name: Geron, Emerita

Post
Date Credit Balance
Explanation Ref. Debit
2009
July 2 Clinical Visit 400.00 400.00
4 Collections 400.00 0.00
15 Medical Treatment on Cash
31 Surgical Treatment 20,000.00 20,000.00

Account Name: Gevera, Esterlina

Post
Date Credit Balance
Explanation Ref. Debit
2009
July 1 Hospital Visit 300.00 300.00
18 Clinical Visit 400.00 700.00
25 Collections 700.00 0.00

Account Name: Go, Aristotle

Post
Date Credit Balance
Explanation Ref. Debit
2009
July 1 Balance 4,500.00
15 Collections 4,500.00 0.00

Account Name: Marasigan, Nick

Post
Date Credit Balance
Explanation Ref. Debit
2009
July 1 Hospital Visit 300.00 300.00
19 Medical Treatment 2,300.00 2,600.00
23 Medical Treatment 2,300.00 4,900.00
Account Name: Matuguinas, Janet
Post
Date Credit Balance
Explanation Ref. Debit
2009
July 9 Medical Treatment on Cash
18 Clinical Visit 400.00 400.00

Account Name: Medina, Leopoldo

Post
Date Credit Balance
Explanation Ref. Debit
2009
July 1 Clinical Visit 400.00 400.00
29 Collections 400.00 0.00

Account Name: Modesto, Emerita

Post
Date Credit Balance
Explanation Ref. Debit
2009
July 1 Balance 5,000.00
2 Medical Treatment 2,250.00 7,250.00
26 Collections 5,000.00 2,250.00
26 Medical Treatment and Others 2,000.00 4,250.00

Account Name: Mulles, Nancy and Family

Post
Date Credit Balance
Explanation Ref. Debit
2009
July 4 Others 700.00 700.00
15 Clinical Visit 400.00 1,100.00
29 Collections 1,100.00 0.00

Account Name: Opiso, Felipe

Post
Date Credit Balance
Explanation Ref. Debit
2009
July 10 Surgical Treatment on Cash
12 Hospital Visit 300.00 300.00
30 Others 600.00 900.00

Account Name: Pahilagao, Henly

Post
Date Credit Balance
Explanation Ref. Debit
2009
July 8 Medical Treatment on Cash
18 Medical Treatment on Cash

Account Name: Pascua, Luz

 Post
Date Credit Balance
Explanation Ref. Debit
2009
July 10 Surgical Treatment 12,000.00 12,000.00
16 Collections 12,000.00 0.00

Account Name: Pateno, Dores Marie

Post
Date Credit Balance
Explanation Ref. Debit
2009
July 15 Others 600.00 600.00
23 Surgical Treatment 10,000.00 10,600.00
23 Hospital Visit 300.00 10,900.00
29 Medical Treatment 1,500.00 12,400.00

Account Name: Peru, Jimmy

Post
Date Credit Balance
Explanation Ref. Debit
2009
July 5 Others 850.00 850.00
15 Medical Treatment 1,950.00 2,800.00

Account Name: Piator, Gervacio

Post
Date Credit Balance
Explanation Ref. Debit
2009
July 15 Clincal Visit 400.00 400.00
24 Others 950.00 1,350.00

Account Name: Pido, Alevir

Post
Date Credit Balance
Explanation Ref. Debit
2009
July 1 Balance 4,500.00
15 Medical Treatment 450.00 4,950.00
22 Collections 4,950.00 0.00

Account Name: Pitular, Violeta

Post
Date Credit Balance
Explanation Ref. Debit
2009
July 4 Others on Cash
24 Medical Treatment 3,000.00
30 Others 400.00
Account Name: Pozon, Bartolome
Post
Date Credit Balance
Explanation Ref. Debit
2009
July 9 Clincal Visit and Others 1,150.00 1,150.00
12 Surgical Treatment 16,000.00 17,150.00
16 Hospital Visit 300.00 17,450.00

Account Name: Rivadelo, Zenaida

Post
Date Credit Balance
Explanation Ref. Debit
2009
July 3 Hospital Visit 300.00 300.00
15 Others 800.00 1,100.00
23 Collections 1,100.00 0.00

Account Name: Ruiz, Helenita

Post
Date Credit Balance
Explanation Ref. Debit
2009
July 5 Others 350.00 350.00
10 Clinical Visit 400.00 750.00
22 Clinical Visit 400.00 1,150.00

Account Name: Sala, Oison

Post
Date Credit Balance
Explanation Ref. Debit
2009
July 1 Balance 1,500.00
16 Surgical Treatment 7,250.00 8,750.00
17 Hospital Visit 300.00 9,050.00
19 Hospital Visit 300.00 9,350.00

Account Name: Seechua, Erlinda

Post
Date Credit Balance
Explanation Ref. Debit
2009
July 1 Balance 10,000.00
5 Collections 7,250.00 2,750.00
18 Collections 2,750.00 0.00

Account Name: Selisana, Jessica

Post
Date Credit Balance
Explanation Ref. Debit
 2009
July 1 Balance 25,000.00
10 Clinical Visit 400.00 25,400.00
12 Collections 18,000.00 7,400.00

Account Name: Sorra, Elizabeth

Post
Date Credit Balance
Explanation Ref. Debit
2009
July 1 Balance 3,500.00
18 Medical Treatment and Others 900.00 4,400.00
26 Surgical Treatment 17,500.00 21,900.00
31 Hospital Visit and Others 750.00 22,650.00

Account Name: Villon, Maribeth

Post
Date Credit Balance
Explanation Ref. Debit
2009
July 4 Others on Cash
23 Surgical Treatment 4,250.00 4,250.00
26 Hospital Visit 300.00 4,550.00

Account Name: Virtudazo, Nanette and Family

Post
Date Credit Balance
Explanation Ref. Debit
2009
July 1 Balance 10,000.00
9 Collections 5,000.00 5,000.00
31 Collections 5,000.00 0.00

Account Name: Woo, Ramon Jr.

Post
Date Credit Balance
Explanation Ref. Debit
2009
July 1 Balance 17,500.00
3 Hospital Visit 300.00 17,800.00
11 Collections 17,500.00 300.00
24 Clinical Visit 400.00 700.00
25 Medical Treatment 450.00 1,150.00

Account Name: Yacapin, Virginia

Post
Date Credit Balance
Explanation Ref. Debit
2009
July 2 Others on Cash
19 Others on Cash

Account Name: Yumol, Edna

 Post
Date Credit Balance
Explanation Ref. Debit
2009
July 1 Balance 10,500.00
1 Collections 5,750.00 4,750.00
10 Others 550.00 5,300.00
 CLUB MEDICA
Worksheet for the Month Ended July 31, 2009

Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet
No. Account Titles No.
Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit

100 Cash 358,048.67 358,048.67 358,048.67 100

101 Petty Cash 3,325.00 3,325.00 3,325.00 101
120 Accounts Receivable 202,240.00 202,240.00 202,240.00 120
130 Medical Supplies 22,251.00 11,901.00 10,350.00 10,350.00 130
131 Office Supplies 9,580.00 4,832.00 4,748.00 4,748.00 131
140 Prepaid Insurance 9,000.00 1,500.00 7,500.00 7,500.00 140
150 Medical Equipment 481,500.00 481,500.00 481,500.00 150
151 Accu. Depreciation-Medical Equipment 36,000.00 6,420.00 42,420.00 42,420.00 151
152 Office Equipment 180,000.00 180,000.00 180,000.00 152
153 Accu. Depreciation-Office Equipment 11,250.00 3,000.00 14,250.00 14,250.00 153
154 Furnitures and Fixtures 176,583.50 176,583.50 176,583.50 154
155 Accu. Depreciation-Furnitures & Fixtures 12,537.50 3,127.00 15,664.50 15,664.50 155
160 Rent Deposit 45,000.00 45,000.00 45,000.00 160
161 Utilities Deposit 4,500.00 4,500.00 4,500.00 161
210 Accounts Payable 67,781.95 67,781.95 67,781.95 210
221 SSS and EC Contributions Payable 3,931.00 3,931.00 3,931.00 221
222 Philhealth Contributions Payable 1,275.00 1,275.00 1,275.00 222
223 Pag-IBIG Contributions Payable 600.00 600.00 600.00 223
224 Withholding Taxes Payable 4,750.16 4,750.16 4,750.16 224
300 Theodore Daniel, Capital 870,000.00 870,000.00 870,000.00 300
301 Theodore Daniel, Withdrawals 50,000.00 50,000.00 50,000.00 301
302 Thaddeus Dominique, Capital 435,000.00 435,000.00 435,000.00 302
303 Thaddeus Dominique, Withdraw 50,000.00 50,000.00 50,000.00 303
310 Income Summary 310
400 Patient Service Revenue 228,240.00 228,240.00 228,240.00 400
401 Consultancy Revenues 50,500.00 50,500.00 50,500.00 401
 Balances Carried Forward 1,592,028.17 1,721,865.61 - 30,780.00 1,573,795.17 1,734,412.61 - 278,740.00 1,573,795.17 1,455,672.61
Balances Forwarded 1,592,028.17 1,721,865.61 - 30,780.00 1,573,795.17 1,734,412.61 - 278,740.00 1,573,795.17 1,455,672.61
500 Salaries Expense 51,600.00 51,600.00 51,600.00 500
501 SSS and EC contributions Expen 2,547.70 2,547.70 2,547.70 501
502 Philhealth Contrbutions Expens 637.50 637.50 637.50 502
503 Pag-IBIG Contributions Expense 300.00 300.00 300.00 503
510 Rent Expense 15,000.00 15,000.00 15,000.00 510
511 Utilities Expense 5,819.74 5,819.74 5,819.74 511
512 Cleaning Expense 1,150.00 1,150.00 1,150.00 512
513 Laundry Expense 4,505.00 4,505.00 4,505.00 513
520 Laboratory Expense 18,575.50 18,575.50 18,575.50 520
521 Medical Supplies Expense 11,901.00 11,901.00 11,901.00 521
530 Office Supplies Expense 4,832.00 4,832.00 4,832.00 530
531 Publications Expense 9,340.00 9,340.00 9,340.00 531
532 Travel Expense 5,530.00 5,530.00 5,530.00 532
533 Professional Dues and License 8,700.00 8,700.00 8,700.00 533
534 Charitable Contributions Expens 3,000.00 3,000.00 3,000.00 534
541 Depreciation Exp.- Medical Equipment 6,420.00 6,420.00 6,420.00 541
542 Depreciation Exp.- Office Equipment 3,000.00 3,000.00 3,000.00 542
543 Depreciation Exp.- Furnitures & Fixtures 3,127.00 3,127.00 3,127.00 543
550 Insurance Expense 1,500.00 1,500.00 1,500.00 550
551 Repairs and Maintenance Expen 2,965.00 2,965.00 2,965.00 551
570 Miscellaneous Expense 167.00 167.00 167.00 570

TOTAL 1,721,865.61 1,721,865.61 30,780.00 30,780.00 1,734,412.61 1,734,412.61 160,617.44 278,740.00 1,573,795.17 1,455,672.61
Profit 118,122.56 118,122.56
278,740.00 278,740.00 1,573,795.17 1,573,795.17
 CLUB MEDICA
Statement of Comprehensive Income

For the Month Ended July 31, 2009

No. Acct. Titles / Explanation

Revenues:
400 Patient Service Revenues 228,240.00
401 Consultancy Revenues 50,500.00
Total Revenues 278,740.00

Expenses:
500 Salaries Expense 51,600.00
501 SSS and EC Contributions Expense 2,547.70
502 Philhealth Contributions Expense 637.50
503 Pag-IBIG Contributions Expense 300.00
510 Rent Expense 15,000.00
511 Utilities Expense 5,819.74
512 Cleaning Expense 1,150.00
513 Laundry Expense 4,505.00
520 Laboratory Expense 18,575.50
521 Medical Supplies Expense 11,901.00
530 Office Supplies Expense 4,832.00
531 Publications Expense 9,340.00
532 Travel Expense 5,530.00
533 Professional Dues and License Expense 8,700.00
534 Charitable Contrbutions Expense 3,000.00
541 Depreciation Expense - Medical Equipment 6,420.00
542 Depreciation Expense - Office Equipment 3,000.00
543 Depreciation Expense - Furnitures and Fixtures 3,127.00
550 Insurance Expense 1,500.00
551 Repairs and Maintenance Expense 2,965.00
570 Miscellaneous Expense 167.00
Total Expenses 160,617.44

Net Revenues 118,122.56

 CLUB MEDICA

Statement of Changes in Partner's Equity

For the Month Ended July 31, 2009

Theodore Daniel Thaddues Dominique Total

Partners' Equity, July 1, 2009 870,000.00 435,000.00 1,305,000.00

Add Revenues
Salaries 25,000.00 25,000.00 50,000.00
Interest on Capital
870,000 x 30% x 1/12 21,750.00
435,000 x 30% x 1/12 10,875.00 32,625.00
Balance
35,497.56 x 60% 21,298.54
35,497.56 x 40% 14,199.02 35,497.56
Total Share in Profit 68,048.54 50,074.02 118,122.56
Total 938,048.54 485,074.02 1,423,122.56
Less Withdrawals 50,000.00 50,000.00 100,000.00
Partners' Equity, July 31, 2009 888,048.54 435,074.02 1,323,122.56
 CLUB MEDICA
Statement of Financial Position
For the Month Ended July 31, 2009

No. Acct. Titles / Explanation

Assets
Current Assets:
100 Cash 358,048.67
101 Petty Cash 3,325.00
120 Accounts Receivable 202,240.00
130 Medical Supplies 10,350.00
131 Office Supplies 4,748.00
140 Prepaid Insurance 7,500.00
Total Current Assets 586,211.67

Non - Current Assets

Property and Equipment
150 Medical Equipment 481,500.00
151 Less Accumulated Depreciation 42,420.00 439,080.00

152 Office Equipment 180,000.00

153 Less Accumulated Depreciation 14,250.00 165,750.00

154 Furnitures and Fixtures 176,583.50

155 Less Accumulated Depreciation 15,664.50 160,919.00
160 Rent Deposit 45,000.00
161 Utilities Deposit 4,500.00
Total Non - Current Assets 815,249.00
Total Assets 1,401,460.67

Liabilities
210 Accounts Payable 67,781.95
221 SSS and EC Contributions Payable 3,931.00
222 Philhealth Contributions Payable 1,275.00
223 Pag - IBIG Contributions Payable 600.00
224 Withholding Taxes Payable 4,750.16
Total Liabilities 78,338.11

Partner's Equity
300 Theodore Daniel, Capital 888,048.54
302 Thaddeus Dominique, Capital 435,074.02
Total Partner's Equity 1,323,122.56

Total Liabilities and Partner's Equity 1,401,460.67

 CLUB MEDICA
Statement of Financial Position
For the newly - formed Partnership July 1, 2009

No. Acct. Titles / Explanation

Assets
Current Assets:
100 Cash 313,018.66
101 Petty Cash 3,325.00
120 Accounts Receivable 246,000.00
130 Medical Supplies 21,000.00
131 Office Supplies 7,500.00
140 Prepaid Insurance 9,000.00
Total Current Assets 599,843.66

Non - Current Assets

Property and Equipment
150 Medical Equipment 450,000.00
151 Less Accumulated Depreciation 36,000.00 414,000.00

152 Office Equipment 150,000.00

153 Less Accumulated Depreciation 11,250.00 138,750.00

154 Furnitures and Fixtures 168,000.00

155 Less Accumulated Depreciation 12,537.50 155,462.50
160 Rent Deposit 45,000.00
161 Utilities Deposit 4,500.00
Total Non - Current Assets 757,712.50
Total Assets 1,357,556.16

Liabilities
210 Accounts Payable 42,000.00
221 SSS and EC Contributions Payable 3,931.00
222 Philhealth Contributions Payable 1,275.00
223 Pag - IBIG Contributions Payable 600.00
224 Withholding Taxes Payable 4,750.16
Total Liabilities 52,556.16

Partner's Equity
300 Theodore Daniel, Capital 435,000.00
302 Thaddeus Dominique, Capital 870,000.00
Total Partner's Equity 1,305,000.00

Total Liabilities and Partner's Equity 1,357,556.16

 CLUB MEDICA

Statement of Cash Flows

For the Month Ended July 31, 2009

Cash flow from Operating Activities

Cash revenues 85,350.00
Collections from revenues on account 237,150.00
Acquisitions by cash 1,251.00
Payments to acquisitions on account 12,173.95
Operating expenses 113,461.54
Net cash provided by operating activities 195,613.51

Cash flow from investing activities

Property, plant and equipment (50,583.50)
Net cash provided by investing activities (50,583.50)

Cash flow from financing activities

Withdrawals (100,000.00)
Net cash provided by financing activities (100,000.00)
Net increase (decrease) in cash 45,030.01
Add: Cash, beginning 316,343.66
Cash , ending 361,373.67
 PETTY CASH RECORD
For the Month Ended July 31, 2009

Distribution Of Payments
Date PCV No. Explanation Payments Others
Misc. Travel
Account Amount
July 2 21 Delivery of X-rays 112.00
9 22 Donation to Local Chapters Charitable Contribution 1,000.00
15 23 Taxi Fare 850.00
23 24 Postage 55.00

TOTAL 167.00 850.00 1,000.00

 CLUB MEDICA
Post - Closing Trial Balance
For the Month Ended July 31, 2009

No. Account Titles Debits Credits

100 Cash 358,048.67
101 Petty Cash 3,325.00
120 Accounts Receivable 202,240.00
130 Medical Supplies 10,350.00
131 Office Supplies 4,748.00
140 Prepaid Insurance 7,500.00
150 Medical Equipment 481,500.00
151 Accu. Depreciation-Medical Equipment 42,420.00
152 Office Equipment 180,000.00
153 Accu. Depreciation-Office Equipment 14,250.00
154 Furnitures and Fixtures 176,583.50
155 Accu. Depreciation-Furnitures & Fixtures 15,664.50
160 Rent Deposit 45,000.00
161 Utilities Deposit 4,500.00
210 Accounts Payable 67,781.95
221 SSS and EC Contributions Payable 3,931.00
222 Philhealth Contributions Payable 1,275.00
223 Pag-IBIG Contributions Payable 600.00
224 Withholding Taxes Payable 4,750.16
300 Theodore Daniel, Capital 888,048.54
302 Thaddeus Dominique, Capital 435,074.02
Total 1,473,795.17 1,473,795.17