Академический Документы
Профессиональный Документы
Культура Документы
Date
2010
Oct.
1
P.R.
Debit
Cash
Marasigan, Capital
Invstment.
110
310
250,000.00
Medical Building
Land
Cash
20% Notes Payable
Acquired medical building and land on account.
160
150
110
220
1,000,000.00
250,000.00
Medical Equipment
Medical Supplies
Cash
24% Notes Payable
Acquired medical equipment and medical supplies on account.
170
130
110
210
420,000.00
39,000.00
Prepaid Insurance
Cash
Acquired insurance for a year.
140
110
20,000.00
Cash
Medical Revenues
Received cash for services rendered.
110
410
117,000.00
Medical Supplies
Accounts Payable
Acquired medical supplies on account.
130
230
17,000.00
10 Salaries Expence
Cash
Paid salaries expense.
510
110
73,000.00
12 Cash
Unearned Research Revenues
Received cash for services to be conducted in the future.
110
260
90,000.00
18 Accounts Receivable
Medical Revenues
Billed patients for services rendered.
120
410
317,000.00
21 Repairs Expense
Cash
Paid repairs expense.
530
110
23,000.00
23 Telephone Expense
Cash
Paid telephone bill.
560
110
3,000.00
24 Medical Equipment
Accounts Payable
Acquired medical equipment on account.
170
230
45,000.00
Credit
250,000.00
50,000.00
1,200,000.00
59,000.00
400,000.00
20,000.00
117,000.00
17,000.00
73,000.00
90,000.00
317,000.00
23,000.00
3,000.00
45,000.00
General Journal
Date
Account Titles and Explanation
2010
Oct.
25 Cash
Accounts Receivable
Collection of accounts receivable.
P.R.
Debit
110
120
113,000.00
27 Accounts Payable
Cash
Payment of liabilities.
230
110
13,000.00
30 Marasigan, Withdrawals
Cash
Withdrawal.
320
110
200,000.00
550
110
15,000.00
30 Insurance Expense
Prepaid Insurance
Insurance for one month has expired.
520
140
1,666.67
30 Supplies Expense
Medical Supplies
Expired medical supplies.
540
130
35,000.00
570
165
5,000.00
580
175
9,000.00
260
420
30,000.00
30 Salaries Expense
Salaries Payable
Accrued salaries.
510
240
51,000.00
30 Interest Expense
Interest Payable
Accrued interest.
590
250
28,000.00
30 Medical Revenues
Research Revenues
Income Summary
410
420
330
434,000.00
30,000.00
Credit
113,000.00
13,000.00
200,000.00
15,000.00
1,666.67
35,000.00
5,000.00
9,000.00
30,000.00
51,000.00
28,000.00
464,000.00
General Journal
Date
Account Titles and Explanation
2010
Oct.
30 Income Summary
Salaries Expense
Insurance Expense
Repairs Expense
Supplies Expense
Association Dues Expense
Telephone Expense
Depreciation Expense-Medical Building
Depreciation Expense-Medical Equipment
Interest Expense
P.R.
Debit
330
510
520
530
540
550
560
570
580
590
243,666.67
30 Income Summary
Marasigan, Capital
330
310
220,333.33
30 Marasigan, Capital
Marasigan, Withdrawals
310
320
200,000.00
Credit
124,000.00
1,666.67
23,000.00
35,000.00
15,000.00
3,000.00
5,000.00
9,000.00
28,000.00
220,333.33
200,000.00
General Ledger
Account: Cash
Date
2010
Oct.
1
4
12
25
Explanation
F
J-1
J-1
J-1
J-2
F
J-1
F
J-1
J-1
Balance
250,000.00
117,000.00
90,000.00
113,000.00
Date
2010
0ct.
1
1
2
10
21
23
27
30
30
570,000.00
114,000.00
Balance
Debit
F
J-1
Debit
317,000.00
204,000.00
Debit
39,000.00
17,000.00
56,000.00
56,000.00
Debit
20,000.00
20,000.00
20,000.00
18,333.33
Date
2010
Oct.
25
Date
2010
Oct.
J-2
Date
2010
Oct.
30
J-2
30 Adjustment
J-2
50,000.00
59,000.00
20,000.00
73,000.00
23,000.00
3,000.00
13,000.00
200,000.00
15,000.00
456,000.00
Credit
113,000.00
Credit
35,000.00
Credit
1,666.67
General Ledger
Account: Land
Date
2010
Oct.
1
Explanation
F
J-1
Balance
F
J-1
Debit
F
J-1
J-1
Balance
Debit
Date
Debit
Date
Credit
5,000.00
5,000.00
Credit
420,000.00
45,000.00
465,000.00
465,000.00
Debit
Date
2010
Oct.
1
Credit
1,000,000.00
1,000,000.00
250,000.00
250,000.00
Date
Debit
Date
2010
Oct.
1
Credit
9,000.00
9,000.00
Credit
400,000.00
400,000.00
Credit
1,200,000.00
1,200,000.00
General Ledger
Account: Accounts Payable
Date
Explanation
2010
Oct.
27
F
J-2
Debit
13,000.00
Date
2010
Oct.
7
24
13,000.00
Balance
2010
Oct.
30 Adjustment
2010
Oct.
30 Closing
J-2
J-3
Debit
Debit
Debit
Date
2010
Oct.
30 Adjustment
Balance
Date
2010
Oct.
12
30,000.00
Debit
J-2
Date
2010
Oct.
1
Balance
Beg. Balance
30 Closing
200,000.00
J-3
200,000.00
F
J-2
Debit
200,000.00
200,000.00
200,000.00
-
Date
2010
Oct.
30 Closing
J-3
Credit
17,000.00
45,000.00
62,000.00
49,000.00
Credit
51,000.00
51,000.00
Credit
28,000.00
28,000.00
Credit
90,000.00
90,000.00
90,000.00
60,000.00
Credit
250,000.00
250,000.00
250,000.00
220,333.33
470,333.33
270,333.33
Credit
200,000.00
General Ledger
Account: Income Summary
Date
Explanation
2010
Oct.
30 Closing
30 Closing
2010
Oct.
F
J-3
J-3
30 Closing
J-2
2010
Oct.
30 Closing
J-2
F
J-1
J-2
F
J-2
F
J-1
Debit
243,666.67
220,333.33
464,000.00
-
Debit
Date
2010
Oct.
4
18
73,000.00
73,000.00
73,000.00
51,000.00
124,000.00
Debit
1,666.67
-
Debit
23,000.00
23,000.00
23,000.00
-
Date
2010
Oct.
30
30,000.00
Debit
464,000.00
464,000.00
434,000.00
Debit
Credit
Date
2010
Oct.
30 Closing
J-3
Credit
117,000.00
317,000.00
434,000.00
434,000.00
434,000.00
-
Credit
30,000.00
30,000.00
30,000.00
-
Credit
124,000.00
124,000.00
Date
2010
Oct.
30 Closing
J-3
Credit
1,666.67
Credit
23,000.00
General Ledger
Account: Supplies Expense
Date
Explanation
2010
Oct.
30 Adjustment
F
J-2
F
J-2
F
J-1
F
J-2
Debit
35,000.00
-
Debit
15,000.00
15,000.00
15,000.00
-
Debit
3,000.00
3,000.00
3,000.00
-
Debit
5,000.00
-
Debit
9,000.00
-
Debit
28,000.00
-
Date
2010
Oct.
Date
2010
Oct.
30 Closing
J-3
30 Closing
J-3
Date
2010
Oct.
30 Closing
J-3
Credit
35,000.00
Credit
15,000.00
Credit
3,000.00
Credit
5,000.00
Credit
9,000.00
Credit
28,000.00
Account Title
Debit
Adjustments
Credit
Debit
Debit
Credit
Income Statement
Debit
Credit
Balance Sheet
Debit
110 Cash
114,000.00
114,000.00
114,000.00
204,000.00
204,000.00
204,000.00
21,000.00
56,000.00
b.
35,000.00
21,000.00
20,000.00
a.
1,666.67
18,333.33
18,333.33
250,000.00
250,000.00
150 Land
160 Medical Building
250,000.00
1,000,000.00
1,000,000.00
c.
5,000.00
c.
9,000.00
465,000.00
1,000,000.00
5,000.00
465,000.00
465,000.00
9,000.00
400,000.00
400,000.00
1,200,000.00
1,200,000.00
49,000.00
49,000.00
e.
51,000.00
51,000.00
f.
28,000.00
28,000.00
90,000.00
d.
30,000.00
250,000.00
200,000.00
200,000.00
434,000.00
d.
73,000.00
e.
51,000.00
a.
1,666.67
30,000.00
b.
35,000.00
434,000.00
30,000.00
124,000.00
23,000.00
200,000.00
434,000.00
60,000.00
250,000.00
30,000.00
124,000.00
1,666.67
1,666.67
23,000.00
23,000.00
35,000.00
35,000.00
15,000.00
15,000.00
15,000.00
3,000.00
3,000.00
3,000.00
5,000.00
c.
5,000.00
5,000.00
c.
9,000.00
9,000.00
9,000.00
f.
28,000.00
159,666.67
28,000.00
2,516,000.00
28,000.00
243,666.67
464,000.00
2,272,333.33
220,333.33
464,000.00
464,000.00
2,272,333.33
2,423,000.00
Profit
2,423,000.00
159,666.67
2,516,000.00
5,000.00
9,000.00
400,000.00
1,200,000.00
49,000.00
51,000.00
28,000.00
60,000.00
250,000.00
2,052,000.00
220,333.33
2,272,333.33
P434,000.00
30,000.00
Expenses
Salaries Expense
Supplies Expense
Interest Expense
Repairs Expense
Association Dues Expense
Depreciation Expense-Medical Equipment
Depreciation Expense-Medical Building
Telephone Expense
Insurance Expense
Total
P124,000.00
35,000.00
28,000.00
23,000.00
15,000.00
9,000.00
5,000.00
3,000.00
1,666.67
Profit
P464,000.00
243,666.67
P220,333.33
P250,000.00
P
0
220,333.33
220,333.33
P470,333.33
200,000.00
P270,333.33
P114,000.00
204,000.00
21,000.00
18,333.33
P357,333.33
250,000.00
1,000,000.00
5,000.00
465,000.00
9,000.00
P995,000.00
456,000.00
1,701,000.00
P2,058,333.33
Liabilities
Current Liabilities
24% Notes Payable
20% Notes Payable
Accounts Payable
Salaries Payable
Interest Payable
Unearned Research Revenues
Total Current Liabilities
P 400,000.00
1,200,000.00
49,000.00
51,000.00
28,000.00
60,000.00
P1,788,000.00
Owner's Equity
270,333.33
P2,058,333.33
P 114,000.00
204,000.00
21,000.00
18,333.33
250,000.00
1,000,000.00
P
5,000
465,000.00
P2,072,333.33
9,000.00
400,000.00
1,200,000.00
49,000.00
51,000.00
28,000.00
60,000.00
270,333.33
P2,072,333.33