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    Far Format Journal Posting Balance Sheet

    Uploaded by

    Blesh Macusi
    The document shows journal entries made by Brite Medical Clinic between March 1-28 recording various financial transactions including the purchase of medical equipment, payment of rent and salaries, provision of medical services to patients, and withdrawal of capital by the owner Marly Brite. The journal entries record debits and credits to different accounts such as cash, accounts receivable, medical supplies, and capital, with explanations provided for each transaction. The trial balance at the end of the period shows equal totals of debits and credits among the various asset, liability, capital, revenue and expense accounts.

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    Far Format Journal Posting Balance Sheet

    Uploaded by

    Blesh Macusi
    166 views4 pages
    The document shows journal entries made by Brite Medical Clinic between March 1-28 recording various financial transactions including the purchase of medical equipment, payment of rent and salaries, provision of medical services to patients, and withdrawal of capital by the owner Marly Brite. The journal entries record debits and credits to different accounts such as cash, accounts receivable, medical supplies, and capital, with explanations provided for each transaction. The trial balance at the end of the period shows equal totals of debits and credits among the various asset, liability, capital, revenue and expense accounts.

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    The document shows journal entries made by Brite Medical Clinic between March 1-28 recording various financial transactions including the purchase of medical equipment, payment of rent and salaries, provision of medical services to patients, and withdrawal of capital by the owner Marly Brite. The journal entries record debits and credits to different accounts such as cash, accounts receivable, medical supplies, and capital, with explanations provided for each transaction. The trial balance at the end of the period shows equal totals of debits and credits among the various asset, liability, capital, revenue and expense accounts.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    166 views4 pages

    Far Format Journal Posting Balance Sheet

    Uploaded by

    Blesh Macusi
    The document shows journal entries made by Brite Medical Clinic between March 1-28 recording various financial transactions including the purchase of medical equipment, payment of rent and salaries, provision of medical services to patients, and withdrawal of capital by the owner Marly Brite. The journal entries record debits and credits to different accounts such as cash, accounts receivable, medical supplies, and capital, with explanations provided for each transaction. The trial balance at the end of the period shows equal totals of debits and credits among the various asset, liability, capital, revenue and expense accounts.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 4

    DATE ACCOUNT TITLES AND EXPLANATION P.

    R DEBIT CREDIT
    Mar. 1 Cash 110 ₱ 42,500.00
    Brite, Capital 310 ₱ 42,500.00
    ( To record Brite investment with cash.)

    2 Medical Equipment 140 95,000


    Cash 110 15,000
    Notes Payable 210 80,000
    ( To record the purchase of Office Equipment from
    Tammy Medical Equipment Company with cash
    and issuing a notes payable for the balance .)

    3 Rent Expense 520 7,500


    Cash 110 7,500
    ( To record the payment of March's Rent.)

    5 Medical Supplies 130 15,250


    Accounts Payable 220 15,250
    ( To record the purchase of medical supplies on account
    from Zeny Medical Supply.)

    7 Cash 110 18,450


    Medical Revenues 410 18,450
    (To record the cash received from patients.)

    9 Laboratory Expense 530 1,800


    Cash 110 1,800
    (To record the payment to Pablo Labs for laboratory.)

    12 Salaries Expense 510 9,600


    Cash 110 9,600
    ( To record the payment of salaries to medical
    technician and receptionist.)

    15 Accounts Receivable 120 51,700


    Medical Revenues 110 51,700
    ( To record the amount of services rendered.)

    17 Accounts payable 220 3,750


    Cash 110 3,750
    ( To record the payment to Zeny Medical Supply
    Company on credit.)

    20 Telephone Expense 540 850


    Cash 110 850
    ( To record the payment for Telephone Expense.)
    DATE ACCOUNT TITLES AND EXPLANATION P.R DEBIT CREDIT
    Mar. 21 Miscellaneous Expense 550 ₱ 1,150.00
    Cash 110 ₱ 1,150.00
    ( To record the payment for miscellaneous expense.)

    22 Cash 110 27,500


    Accounts receivable 120 27,500
    ( To record the cash received from customers billed on
    Mar. 15.)

    23 Medical Supplies 130 9,100


    Accounts Payable 220 9,100
    (To record the medical supplies purchased form
    Zeny Medical Supplies Company on credit.)

    25 Salaries Expense 510 11,200


    Cash 110 11,200
    ( To record the payment of salaries.)

    26 Accounts Receivable 120 40,150


    Medical Revenues 410 40,150
    ( To record the Medical services rendered to patients.)

    27 Accounts payable 220 6,150


    Cash 110 6,150
    . (Paid Zeny Medical Supply Company on credit)

    28 Brite, Withdrawals 320 15,000


    Cash 110 15,000
    (To record the withdrawal of Marly Brite.)
    P.R 110 CASH P.R 210 NOTES PAYABLE
    Mar-01 ₱ 42,500 Mar-02 ₱ 15,000 Mar-02 ₱ 80,000
    Mar-07 ₱ 18,450 Mar-03 ₱ 7,500
    Mar-22 ₱ 27,500 Mar-09 ₱ 1,800
    Total ₱ 88,450 Mar-12 ₱ 9,600 BALANCE 80000
    Mar-20 ₱ 850
    Mar-21 ₱ 1,150 P.R 220 ACCOUNTS PAYABLE
    Mar-25 ₱ 11,200 Mar-17 ₱ 3,750 Mar-05 ₱ 15,250
    Mar-27 ₱ 6,150 Mar-27 ₱ 6,150 Mar-23 ₱ 9,100
    Mar-17 ₱ 3,750
    Mar-28 ₱ 15,000 total 9,900 Total ₱ 24,350
    Total ₱ 72,000 BALANCE 14450
    BALANCE 16450
    P.R 310 BRITE, CAPITAL
    P.R 120 ACCOUNTS RECEIVABLE Mar-01 ₱ 42,500
    Mar-15 ₱ 51,700 Mar-22 ₱ 27,500 BALANCE ₱ 42,500
    Mar-26 ₱ 40,150
    Total ₱ 91,850 P.R 320 BRITE, WITHDRAWALS
    BALANCE 64350 Mar-28 ₱ 15,000
    BALANCE ₱ 15,000
    P.R 130 MEDICAL SUPPLIES
    Mar-05 ₱ 15,250 P.R 410 MEDICAL REVENUES
    Mar-23 ₱ 9,100 Mar-07 ₱ 18,450
    Mar-15 ₱ 51,700
    BALANCE ₱ 24,350 Mar-26 40,150
    BALANCE 110,300
    P.R 140 MEDICAL EQUIPMENT
    Mar-02 ₱ 95,000 P.R 510 SALARIES EXPENSE
    BALANCE ₱ 95,000 Mar-12 ₱ 9,600
    Mar-25 ₱ 11,200
    BALANCE ₱ 20,800

    P.R 520 RENT EXPENSE P.R 540 TELEPHONE EXPENSE


    Mar-03 ₱ 7,500 Mar-20 ₱ 850
    BALANCE ₱ 7,500 BALANCE ₱ 850

    P.R 530 LABORATORY EXPENSE


    Mar-09 ₱ 1,800
    BALANCE ₱ 1,800

    P.R 550 MISCELLANEOUS EXPENSE


    Mar-21 ₱ 1,150
    BALANCE ₱ 1,150
    Dasmarinas Duplicators
    Trial Balance
    June 30,2020
    ACCOUNT TITLES DEBIT CREDIT
    Cash ₱ 34,800.00
    Accounts Receivable 142,800
    Supplies 70,800
    Equipment 560,000
    Accounts Payable 15,800
    Pascual, Capital 513,000
    Pascual, Withdrawals 50,000
    Revenues 379,200
    Salaries Expense 35,000
    Rent Expense 10,000
    Utilities Expense 4,600

    Totals ₱ 908,000.00 ₱ 908,000.00

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