(PDF) CLUB-MEDICA-practice-set-2-1

COMBINATION JOURNAL
Post Accounts
Cash Date Check No. Acct. Title / Explanation Other Accounts Receivable Accounts Payable
Ref.
Debit Credit Debit Credit Debit Credit
15,000.00 July 1 1422 Rent Expense 510 15,000.00
1 Medical Equipment 150 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
5,200.00 4 1425 Professional Dues and License Expense 533 5,200.00
4 Office Supplies 131 2,080.00 ###
12,600.00 Daily Appointment Records 22,990.00
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
16,000.00 July 8
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 ###
99,900.00 18,171.16 13 SUB-TOTAL 66,250.00 63,250.00 1,282.91
COMBINATION JOURNAL
Accounts
Cash Date Check No. Acct. Title / Explanation Post Ref. Other Accounts Receivable Accounts Payable
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
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 ###
6,850.00 17 1433 Publication Expense 531 6,850.00
13,000.00 17
18 Utilities Expense 511 334.88 ###
1,251.00 18 1434 Medical Supplies 130 1,251.00
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
July 22 Medical Equipment 150 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
900.00 Daily Appointment Records 45,600.00
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
COMBINATION JOURNAL
Accounts
Cash Date Check No. Acct. Title / Explanation Post Ref. Other Accounts Receivable Accounts Payable
22,264.52 July 31 1441 Salaries Expense 500 25,800.00
SSS and EC Contributions Payable 221 691.65
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
12,288.00 31 Laboratory Expense 520 12,288.00
31 Utilities Expense 511 4,201.95 ###
4,680.00 31 Travel Expense 532 4,680.00
7,500.00 31
400.00 Daily Appointment Records 34,000.00
42,000.00 39,232.52 SUB-TOTAL 50,455.15 41,120.68 34,000.00 4,201.95
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
Consultancy
Revenues Patient Service Rev.
Credit Credit
8,000.00
35,590.00
8,000.00 35,590.00
16,000.00
80,900.00
16,000.00 80,900.00
Consultancy
Credit Credit
13,000.00
30,850.00
13,000.00 30,850.00
6,000.00
46,500.00
6,000.00 46,500.00
Consultancy
Credit Credit
7,500.00
34,400.00
7,500.00 34,400.00
GENERAL JOURNAL
Date Account Titles and Explanation PR Debit
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
Accounts Payable
Patient Service Revenue
Consultancy Revenues
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
Accounts Payable
Patient Service Revenues
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
Accounts Payable
SSS and EC Contrbutions Payable
Philhealth Contributions Payable
Pag-IBIG Contributions Payable
Withholding Taxes Payable
GENERAL JOURNAL
July 26 Account Receivable 23,950.00
Furnitures and Fixtures 8,583.50
Accounts Payable 35,782.91
Theodore Daniel, Withdrawals 50,000.00
Thaddeus Dominique, Withdrawals 50,000.00
Cash
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
Accounts Payable
SSS and EC Contributions Payable
Pag-IBIG Contributions Payable
31 Miscellaneous Expense 167.00

Travel Expense 850.00
Charitable Contributions Expense 1,000.00
Cash
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
Office Supplies
Prepaid Insurance
Accu. Depreciation-Medical Equipment
Accu. Depreciation-Office Equipment
Accu. Depreciation-Furnitures and Fixtures
Adjustments
GENERAL JOURNAL
July 1 Theodore Daniel, Capital 405,949.34
Account Receivables 4,000.00
Theodore Daniel, Capital
Medical Supplies
Office Supplies
Petty Cash
Account Receivables
Cash
Adjustment on the book of the Proprietor
Cash 435,000.00
Thaddeus Dominique, Capital
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
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
Accu. Dep. - Office Equipment
Accu. Dep. - Furnitures and Fixtures
Accounts Payable
SSS and EC Contrbutions Payable
Pag - IBIG Contributions Payable
To record the investment of Daniel and Dominique
GENERAL JOURNAL
July 31 Patient Service Revenues 228,240.00
Consultancy Revenues 50,500.00
Income Summary
To close revenue acoounts
Income Summary 160,617.44

Salaries Expense
SSS and EC Contributions Expense
Philhealth Contributions Expense
Pag-IBIG Contributions Expense
Rent Expense
Utilities Expense
Cleaning Expense
LaundryExpense
Laboratory Expense
Medical Supplies Expense
Office Supplies Expense
Publications Expense
Travel Expense
Professional Dues and License Expense
Charitable Contrbutions Expense
Depreciation Expense - Medical Equipment
Depreciation Expense - Office Equipment
Depreciation Expense - Furnitures and Fixtures
Insurance Expense
Repairs and Maintenance Expense
Miscellaneous Expense
To close expense accounts
Income Summary 118,122.56

To record partners' profit distribution
Theodore Daniel, Capital 50,000.00

Thaddeus Dominique, Capital 50,000.00
Theodore Daniel, Withdrawal
Thaddeus Dominique, Withdrawal
To close withdrawals to partners' capital
Credit
39,410.00
26,080.00
35,590.00
8,000.00
3,000.00
1,282.91
80,900.00
16,000.00
25,200.00
30,000.00
691.65
318.75
150.00
2,375.08
30,850.00
13,000.00
Credit
123,316.41
46,500.00
6,000.00
100.00
4,201.95
3,239.35
956.25
450.00
2,375.08
34,400.00
7,500.00
2,017.00
11,901.00
4,832.00
1,500.00
6,420.00
3,000.00
3,127.00
Credit
4,000.00
4,007.00
2,028.00
1,675.00
4,000.00
394,239.34
435,000.00
36,000.00
11,250.00
12,537.50
42,000.00
3,931.00
1,275.00
600.00
4,750.16
870,000.00
435,000.00
Credit
278,740.00
51,600.00
2,547.70
637.50
300.00
15,000.00
5,819.74
1,150.00
4,505.00
18,575.50
11,901.00
4,832.00
9,340.00
5,530.00
8,700.00
3,000.00
6,420.00
3,000.00
3,127.00
1,500.00
2,965.00
167.00
68,048.54
50,074.02
50,000.00
50,000.00
GENERAL LEDGER
Account: Cash
Date Explanation Post Ref. Debit Credit
2009 July 1 Balance

6 For the 1st week 58,310.00
12 For the 2nd week 81,728.84
19 For the 3rd week 27,557.10
26 For the 4th week 123,316.41
31 Petty Cash Expenses 2,017.00
Account: Petty Cash Fund
2009 July 1 Balance
Account: Interest Receivable
2009 July
Account: Accounts Receivable
2009 July 1 Balance

31 For the 5th week 100.00
Account: Allowance for Uncollectible Accounts
2009 July
Account: Medical Supplies
2009 July 1 Balance

19 Acquired on Cash 1,251.00
31 Adjustment 11,901.00
Account: Office Supplies
2009 July 1 Balance

4 Acquired on account 2,080.00
Account: Prepaid Insurance
2009 July 1 Balance

Account: Medical Equipment
2009 July 1 Balance

Account: Accumulated Depreciation - Medical Equipment
2009 July 1 Balance

31 Dep. for July / Adjustment 6,420.00
Account: Office Equipment
2009 July 1 Balance

Account: Accumulated Depreciation - Office Equipment
2009 July 1 Balance

31 Dep. For July / Adjustment 3,000.00
Account: Furnitures and Fixtures
2009 July 1 Balance

24 Acquired through cash 8,583.50
Account: Accumulated Depreciation - Furnitures and Fixtures
2009 July 1 Balance

31 Dep. For July / Adjustment 3,127.00
Account: Rent Deposit
2009 July 1 Balance
Account: Utilities Deposit
2009 July 1 Balance
Account: Notes Payable
2009 July
Account: Interest Payable
2009 July
Account: Accounts Payable

2009 July 1 Balance
Account: Salaries Payable
2009 July
Account: SSS and EC Contributions Payable
2009 July 1 Balance

10 Paid on cash 3,931.00
15 Payroll activities 691.65
31 Payroll acty. / Employer's Expense 3,239.35
Account: Philhealth Contributions Payable
2009 July 1 Balance

10 Paid on cash 1,275.00
31 Payroll acty. / Employer's Expense 956.25
Account: Pag - IBIG Contributions Payable
2009 July 1 Balance

10 Paid on cash 600.00
31 Payroll acty. / Employer's Expense 450.00
Account: Withholding Taxes Payable

2009 July 1 Balance
10 Paid on Cash 4,750.16
15 Payroll activities 2,375.08
Account: Theodore Daniel, Capital
2009 July 1 Balance
Account: Theodore Daniel, Withdrawals
2009 July 23 Personal use 50,000.00
Account: Thaddeus Dominique, Capital
2009 July 1 Balance
Account: Thaddeus Dominique, Withdrawals
2009 July 23 Personal use 50,000.00
Account: Income Summary Accounts
2009 July
Account: Patient Service Revenues
2009 July 6 Daily Appointment Record 35,590.00

13 Daily Appointment Record 80,900.00
Account: Consultancy Revenues
2009 July 3 From Little Therese Learning Sch. 8,000.00

8 From the City Government 16,000.00
17 From the Jose Rizal University 13,000.00
25 From Atty. Moises Dondoyano 6,000.00
31 From the Arizona Gym 7,500.00
Account: Salaries Expense
2009 July 15 Payroll activities 25,800.00

Account: SSS and EC Contributions Expense
2009 July 31 Employer's expense 2,547.70
Account: Philhealth Contributions Expense
2009 July 31 Employer's Expense 637.50
Account: Pag - IBIG Contributions Expense
2009 July 31 Employer's expense 300.00
Account: Rent Expense
2009 July 1 Rent for July 15,000.00
Account: Utilities Expense

2009 July 11 Telephone bill 1,282.91
18 Water bill 334.88
31 Electric bill 4,201.95
Account: Cleaning Expense
2009 July 9 Office cleaning for 2 weeks 1,150.00
Account: Laundry Expense
2009 July 16 To Fast Wash Laundry Service 4,505.00
Account: Laboratory Expense
2009 July 15 For the period July 1 -12, 2009 6,287.50

31 For the period July 13 - 31, 2009 12,288.00
Account: Medical Supplies Expense
2009 July 31 Adjustment 11,901.00
Account: Office Supplies Expense
2009 July 31 Adjustment 4,832.00
Account: Publications Expense
2009 July 2 To Direct Marketing Inc. 2,490.00

17 To JEM Medical Publishers 6,850.00
Account: Travel Expense

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

31 Petty Cash Voucher Expense 850.00
Account: Professional Dues and License Expense
2009 July 4 to the Phil. Medical Assoc. 5,200.00

10 To the Manila Medical Society 3,500.00
Account: Charitable Contributions Expense
2009 July 3 To Phil. Animal Welfare Society 2,000.00

31 Petty Cash Voucher Expense 1,000.00
Account: Uncollectible Accounts Expense
2009 July
Account: Depreciation Expense - Medical Equipment
2009 July 31 Dep. For July / Adjustment 6,420.00
Account: Depreciation Expense - Office Equipment
Account: Depreciation Expense - Furnitures and Fixtures

Account: Insurance Expense
2009 July 31 Expired Insurance for July 1,500.00
Account: Repairs and Maintenance Expense
2009 July 9 Minor repair of X-ray machine 2,965.00
Account: Miscellaneous Expense
2009 July 31 Petty Cash Voucher Expense 167.00
Account: Interest Income
2009 July
Account: Interest Expense
2009 July
Balance
Debit Credit
313,018.66
371,328.66
453,057.50
480,614.60
357,298.19
360,065.67
358,048.67
Balance
Debit Credit
3,325.00
Balance
Debit Credit
Balance
Debit Credit
246,000.00
206,590.00
203,590.00
178,390.00
202,340.00
202,240.00
Balance
Debit Credit
Balance
Debit Credit
21,000.00
22,251.00
10,350.00
Balance
Debit Credit
7,500.00
9,580.00
4,748.00
Balance
Debit Credit
9,000.00
7,500.00
Balance
Debit Credit
450,000.00
474,000.00
481,500.00
Balance
Debit Credit
36,000.00
42,420.00
Balance
Debit Credit
150,000.00
180,000.00
Balance
Debit Credit
11,250.00
14,250.00
Balance
Debit Credit
168,000.00
176,583.50
Balance
Debit Credit
12,537.50
15,664.50
Balance
Debit Credit
45,000.00
Balance
Debit Credit
4,500.00
Balance
Debit Credit
Balance
Debit Credit
Balance
Debit Credit
42,000.00
68,080.00
69,362.91
99,362.91
63,580.00
67,781.95
Balance
Debit Credit
Balance
Debit Credit
3,931.00
0.00
691.65
3,931.00
Balance
Debit Credit
1,275.00
0.00
318.75
1,275.00
Balance
Debit Credit
600.00
0.00
150.00
600.00
Balance
Debit Credit
4,750.16
0.00
2,375.08
4,750.16
Balance
Debit Credit
870,000.00
Balance
Debit Credit
50,000.00
Balance
Debit Credit
435,000.00
Balance
Debit Credit
50,000.00
Balance
Debit Credit
Balance
Debit Credit
35,590.00
116,490.00
147,340.00
193,840.00
228,240.00
Balance
Debit Credit
8,000.00
24,000.00
37,000.00
43,000.00
50,500.00
Balance
Debit Credit
25,800.00
51,600.00
Balance
Debit Credit
2,547.70
Balance
Debit Credit
637.50
Balance
Debit Credit
300.00
Balance
Debit Credit
15,000.00
Balance
Debit Credit
1,282.91
1,617.79
5,819.74
Balance
Debit Credit
1,150.00
Balance
Debit Credit
4,505.00
Balance
Debit Credit
6,287.50
18,575.50
Balance
Debit Credit
11,901.00
Balance
Debit Credit
4,832.00
Balance
Debit Credit
2,490.00
9,340.00
Balance
Debit Credit
4,680.00
5,530.00
Balance
Debit Credit
5,200.00
8,700.00
Balance
Debit Credit
2,000.00
3,000.00
Balance
Debit Credit
Balance
Debit Credit
6,420.00
Balance
Debit Credit
3,000.00
Balance
Debit Credit
3,127.00
Balance
Debit Credit
1,500.00
Balance
Debit Credit
2,965.00
Balance
Debit Credit
167.00
Balance
Debit Credit
Balance
Debit Credit
PATIENT SUBSIDIARY LEDGER
Account Name: Abad, Mary Paz
Date Explanation Post Ref. Debit
2009 July 4 Clinical Visit 400.00

12 Others 550.00
26 Collections
Account Name: Alvaro, Bienvenida
Date Post Ref.

Explanation Debit
2009 July 2 Clinical Visit on Cash 400.00

11 Medical Treatment 1,250.00
30 Clinical Visit and Others 1,150.00
Account Name: Bacalso, Lucena
2009 July 1 Balance

3 Clinical Visit 400.00
17 Collections
22 Medical Treatment 450.00
Account Name: Barbo, Samuel
2009 July 9 Medical Treatment on Cash 1,250.00

25 Clinical Visit on Cash
Account Name: Bobadilla, Paz
Date Post Ref.

Explanation Debit
2009 July 1 Others 550.00

11 Clinical Visit and Others 750.00
22 Collections
Account Name: Bombeo, Melchor
2009 July
1 Balance
2 Collections
12 Collections
18 Collections
24 Collections
Account Name: Burgos, Nilo and Family
2009 July
1 Balance
4 Collections
17 Clinical Visit and Others on Cash
29 Collections
Account Name: Cardenas, Loida
2009 July 1 Balance

1 Others 340.00
31 Collections
Account Name: Corpuz, Deogracia
Date Post Ref.

Explanation Debit
2009 July
1 Balance
5 Collections
10 Hospital Visit 300.00
Account Name: Daganta, Nelson
2009 July 1 Balance

8 Surgical Treatment 9,000.00
19 Collections
Account Name: Dal, Virgie
2009 July 8 Surgical Treatment 15,000.00

10 Collections
Account Name: Dela Cruz, Lydia
Date Post Ref.

Explanation Debit
2009 July
1 Balance
2 Collections
12 Medical Treatment on Cash
30 Collections
Account Name: Dellosa, Grace
2009 July 1 Balance

8 Hospital Visit and Others 900.00
11 Collections
Account Name: Del Mundo, Galicano
2009 July 5 Medical Treatment on Cash

31 Collections
Account Name: Delos Santos, Enrique

Date Post Ref.
Explanation Debit
2009 July
9 Clinical Visit and Others 1,000.00
22 Others 600.00
Account Name: Dimen, Gloria

Date Post Ref.
Explanation Debit
29 Others 550.00
Account Name: Dondoyano, Moises
2009 July 12 Medical Treatment 2,250.00

25 Collections
Account Name: Dulay, Eugenia
Date Post Ref.

Explanation Debit

10 Others 350.00
23 Medical Treatment
Account Name: Galang, Teresita
Date Post Ref.

Explanation Debit
2009 July 5 Medical Treatment 450.00

29 Clinical Visit and Medical Treatment 1,100.00
Account Name: Garachico, Lani

19 Clincal Visit 400.00
24 Collections
Account Name: Gascon, Matilde
Date Post Ref.

Explanation Debit
2009 July
1 Balance
9 Collections
30 Collections
Account Name: Generales, Leonila
2009 July
1 Balance
11 Collections
25 Others 550.00
Account Name: Geron, Emerita

4 Collections
Account Name: Gevera, Esterlina
2009 July 1 Hospital Visit 300.00

25 Collections
Account Name: Go, Aristotle

Date Post Ref.
Explanation Debit
2009 July
1 Balance
15 Collections
Account Name: Marasigan, Nick
Date Post Ref.

Explanation Debit

Account Name: Matuguinas, Janet

Account Name: Medina, Leopoldo

29 Collections
Account Name: Modesto, Emerita

Date Post Ref.
Explanation Debit
2009 July
1 Balance
26 Collections
26 Medical Treatment and Others 2,000.00
Account Name: Mulles, Nancy and Family

29 Collections
Account Name: Opiso, Felipe
Date Post Ref.

Explanation Debit
2009 July 10 Surgical Treatment on Cash

30 Others 600.00
Account Name: Pahilagao, Henly
2009 July
Account Name: Pascua, Luz


16 Collections
Account Name: Pateno, Dores Marie
Date Post Ref.

Explanation Debit
2009 July 15 Others 600.00

Account Name: Peru, Jimmy

Account Name: Piator, Gervacio
2009 July 15 Clincal Visit 400.00

24 Others 950.00
Account Name: Pido, Alevir
2009 July 1 Balance

22 Collections
Account Name: Pitular, Violeta

Date Post Ref.
Explanation Debit
2009 July
4 Others on Cash
30 Others 400.00
Account Name: Pozon, Bartolome
2009 July 9 Clincal Visit and Others 1,150.00

Account Name: Rivadelo, Zenaida

15 Others 800.00
23 Collections
Account Name: Ruiz, Helenita
Date Post Ref.

Explanation Debit

Account Name: Sala, Oison
2009 July 1 Balance

Account Name: Seechua, Erlinda
2009 July
1 Balance
5 Collections
18 Collections
Account Name: Selisana, Jessica

2009 July 1 Balance
12 Collections
Account Name: Sorra, Elizabeth

Date Post Ref.
Explanation Debit
2009 July
1 Balance
18 Medical Treatment and Others 900.00
31 Hospital Visit and Others 750.00
Account Name: Villon, Maribeth
2009 July 4 Others on Cash

Account Name: Virtudazo, Nanette and Family
2009 July
1 Balance
9 Collections
31 Collections
Account Name: Woo, Ramon Jr.
2009 July 1 Balance

11 Collections
Account Name: Yacapin, Virginia
2009 July
2 Others on Cash
19 Others on Cash
Account Name: Yumol, Edna

2009 July
1 Balance
1 Collections
10 Others 550.00
Credit Balance
400.00
950.00
950.00 0.00
Credit Balance
400.00 -
1,250.00
2,400.00
Credit Balance
10,750.00
11,150.00
9,000.00 2,150.00
2,600.00
6,600.00
Credit Balance
1,250.00 -
Credit Balance
550.00
1,300.00
1,300.00 0.00
Credit Balance
39,000.00
8,000.00 31,000.00
12,000.00 19,000.00
12,000.00 7,000.00
7,000.00 0.00
Credit Balance
20,000.00
15,000.00 5,000.00
5,000.00 0.00
Credit Balance
18,750.00
19,090.00
19,890.00
7,500.00 12,390.00
Credit Balance
23,500.00
16,000.00 7,500.00
7,800.00
8,250.00
Credit Balance
7,500.00
16,500.00
16,800.00
7,500.00 9,300.00
Credit Balance
15,000.00
10,000.00 5,000.00
Credit Balance
14,000.00
10,000.00 4,000.00
2,000.00 2,000.00
Credit Balance
9,000.00
9,900.00
4,500.00 5,400.00
8,900.00
Credit Balance
450.00
850.00
850.00 0.00
Credit Balance
1,000.00
1,600.00
2,600.00
Credit Balance
14,000.00
14,300.00
14,850.00
Credit Balance
2,250.00
4,500.00
4,500.00 0.00
Credit Balance
400.00
750.00
750.00 0.00
Credit Balance
450.00
7,450.00
7,750.00
8,050.00
9,150.00
Credit Balance
400.00
400.00 0.00
Credit Balance
3,750.00
1,500.00 2,250.00
2,250.00 0.00
Credit Balance
7,750.00
7,750.00 0.00
400.00
950.00
1,400.00
Credit Balance
400.00
400.00 0.00
20,000.00
Credit Balance
300.00
700.00
700.00 0.00
Credit Balance
4,500.00
4,500.00 0.00
Credit Balance
300.00
2,600.00
4,900.00
Credit Balance
400.00
Credit Balance
400.00
400.00 0.00
Credit Balance
5,000.00
7,250.00
5,000.00 2,250.00
4,250.00
Credit Balance
700.00
1,100.00
1,100.00 0.00
Credit Balance
300.00
900.00
Credit Balance
Credit Balance
12,000.00
12,000.00 0.00
Credit Balance
600.00
10,600.00
10,900.00
12,400.00
Credit Balance
850.00
2,800.00
Credit Balance
400.00
1,350.00
Credit Balance
4,500.00
4,950.00
4,950.00 0.00
Credit Balance
Credit Balance
1,150.00
17,150.00
17,450.00
Credit Balance
300.00
1,100.00
1,100.00 0.00
Credit Balance
350.00
750.00
1,150.00
Credit Balance
1,500.00
8,750.00
9,050.00
9,350.00
Credit Balance
10,000.00
7,250.00 2,750.00
2,750.00 0.00
Credit Balance
25,000.00
25,400.00
18,000.00 7,400.00
Credit Balance
3,500.00
4,400.00
21,900.00
22,650.00
Credit Balance
4,250.00
4,550.00
Credit Balance
10,000.00
5,000.00 5,000.00
5,000.00 0.00
Credit Balance
17,500.00
17,800.00
17,500.00 300.00
700.00
1,150.00
Credit Balance
Credit Balance
10,500.00
5,750.00 4,750.00
5,300.00
CLUB MEDICA
Worksheet for the M o n t h Ended July 31, 2009
Trial B a la nce A d j u stme nt s Adjusted Trial Balance I n c o me Statement

No. A c c o u n t Titles
Debit Credit Debit Credit Debit Credit Debit Credit
100 Cash 358,048.67 358,048.67

101 Petty Cash 3,325.00 3,325.00
120 Accounts Receivable 202,240.00 202,240.00
130 Medical Supplies 22,251.00 11,901.00 10,350.00
131 Office Supplies 9,580.00 4,832.00 4,748.00
1 4 0 P repaid Insurance 9,000.00 1,500.00 7,500.00
150 Medical Equipment 481,500.00 481,500.00
151 Accu. Depreciation-Medical Equipment 36,000.00 6,420.00 42,420.00
152 Office Equipment 180,000.00 180,000.00
153 Accu. Depreciation-Office Equipment 11,250.00 3,000.00 14,250.00
154 Furnitures a n d Fixtures 176,583.50 176,583.50
155 Accu. Depreciation-Furnitures & Fixtures 12,537.50 3,127.00 15,664.50
160 Rent Deposit 45,000.00 45,000.00
161 Utilities Deposit 4,500.00 4,500.00
210 Accounts P ayable 67,781.95 67,781.95
221 S S S and E C Contributions P ayable 3,931.00 3,931.00
2 2 2 Philhealth Co n tribu tions P ayable 1,275.00 1,275.00
223 Pag-IBIG Contributions Payable 600.00 600.00
224 Withholding Taxes Payable 4,750.16 4,750.16
300 Theodore Daniel, Capital 870,000.00 870,000.00
301 Theodore Daniel, Withdrawals 50,000.00 50,000.00
3 0 2 Thaddeus Do min iq u e, Capital 435,000.00 435,000.00
3 0 3 Thaddeus Do min iq u e, Withdrawals 50,000.00 50,000.00
310 Income S u mma r y
4 0 0 Patient Service R e ve n u e 228,240.00 228,240.00 228,240.00
4 0 1 Consultancy Revenues 50,500.00 50,500.00 50,500.00
Balances Carried F orw ard 1,592,028.17 1,721,865.61 - 30,780.00 1,573,795.17 1,734,412.61 - 278,740.00
Balances F orw arded 1,592,028.17 1,721,865.61 - 30,780.00 1,573,795.17 1,734,412.61 - 278,740.00
5 0 0 Salaries Expense 51,600.00 51,600.00 51,600.00
5 0 1 S S S and E C contributions E xp e n s e 2,547.70 2,547.70 2,547.70
5 0 2 Philhealth Co n trb u tio n s E xp e n s e 637.50 637.50 637.50
503 Pag-IBIG Contributions Expense 300.00 300.00 300.00
510 Rent Expense 15,000.00 15,000.00 15,000.00
511 Utilities Expense 5,819.74 5,819.74 5,819.74
512 Cleaning Expense 1,150.00 1,150.00 1,150.00
513 Laundry Expense 4,505.00 4,505.00 4,505.00
5 2 0 Laboratory Exp en se 18,575.50 18,575.50 18,575.50
521 Medical Supplies Expense 11,901.00 11,901.00 11,901.00
530 Office Supplies Expense 4,832.00 4,832.00 4,832.00
531 Publications Expense 9,340.00 9,340.00 9,340.00
532 Travel Expense 5,530.00 5,530.00 5,530.00
5 3 3 P rofessional D u e s a n d License E xp e n s e 8,700.00 8,700.00 8,700.00
5 3 4 Charitable Co n tributio ns E xp e n s e 3,000.00 3,000.00 3,000.00
541 Depreciation Exp.- Medical Equipment 6,420.00 6,420.00 6,420.00
542 Depreciation Exp.- Office Equipment 3,000.00 3,000.00 3,000.00
543 Depreciation Exp.- Furnitures & Fixtures 3,127.00 3,127.00 3,127.00
5 5 0 Insurance E x p e n s e 1,500.00 1,500.00 1,500.00
5 5 1 Repairs a n d M a i n t e n a n c e E xp e n s e 2,965.00 2,965.00 2,965.00
570 Miscellaneous Expense 167.00 167.00 167.00
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

Profit 118,122.56
278,740.00 278,740.00
Balance Sheet No.
Debit Credit
358,048.67 100
3,325.00 101
202,240.00 120
10,350.00 130
4,748.00 131
7,500.00 140
481,500.00 150
42,420.00 151
180,000.00 152
14,250.00 153
176,583.50 154
15,664.50 155
45,000.00 160
4,500.00 161
67,781.95 210
3,931.00 221
1,275.00 222
600.00 223
4,750.16 224
870,000.00 300
50,000.00 301
435,000.00 302
50,000.00 303
310
400
401
1,573,795.17 1,455,672.61
1,573,795.17 1,455,672.61
500
501
502
503
510
511
512
513
520
521
530
531
532
533
534
541
542
543
550
551
570
1,573,795.17 1,455,672.61
118,122.56
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
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
Net Revenues
278,740.00
160,617.44
118,122.56
CLUB MEDICA
Statement of Changes in Partner's Equity

Theodore Daniel Thaddues Dominique
Partners' Equity, July 1, 2009 870,000.00 435,000.00

Add Revenues
Salaries 25,000.00 25,000.00
Interest on Capital
870,000 x 30% x 1/12 21,750.00
435,000 x 30% x 1/12 10,875.00
Balance
35,497.56 x 60% 21,298.54
35,497.56 x 40% 14,199.02
Total Share in Profit 68,048.54 50,074.02
Total 938,048.54 485,074.02
Less Withdrawals 50,000.00 50,000.00
Partners' Equity, July 31, 2009 888,048.54 435,074.02
Total
1,305,000.00
50,000.00
32,625.00
35,497.56
118,122.56
1,423,122.56
100,000.00
1,323,122.56
CLUB MEDICA
Statement of Financial Position

Assets
Current Assets:
100 Cash
101 Petty Cash
120 Accounts Receivable
130 Medical Supplies
131 Office Supplies
140 Prepaid Insurance
Total Current Assets
Non - Current Assets

Property and Equipment
150 Medical Equipment 481,500.00
151 Less Accumulated Depreciation 42,420.00
152 Office Equipment 180,000.00

154 Furnitures and Fixtures 176,583.50

160 Rent Deposit
161 Utilities Deposit
Total Non - Current Assets
Total Assets
Liabilities
210 Accounts Payable
221 SSS and EC Contributions Payable
222 Philhealth Contributions Payable
223 Pag - IBIG Contributions Payable
224 Withholding Taxes Payable
Total Liabilities
Partner's Equity
300 Theodore Daniel, Capital
302 Thaddeus Dominique, Capital
Total Partner's Equity
Total Liabilities and Partner's Equity

CLUB
Statement o
For the newly - form

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

Property and Equipment
150 Medical Equipment
439,080.00 151 Less Accumulated Depreciation
152 Office Equipment

154 Furnitures and Fixtures

45,000.00 160 Rent Deposit
4,500.00 161 Utilities Deposit
815,249.00 Total Non - Current Assets
1,401,460.67 Total Assets
Liabilities
67,781.95 210 Accounts Payable
3,931.00 221 SSS and EC Contributions Payable
1,275.00 222 Philhealth Contributions Payable
600.00 223 Pag - IBIG Contributions Payable
4,750.16 224 Withholding Taxes Payable
78,338.11 Total Liabilities
Partner's Equity
888,048.54 300 Theodore Daniel, Capital
435,074.02 302 Thaddeus Dominique, Capital
1,323,122.56 Total Partner's Equity
1,401,460.67 Total Liabilities and Partner's Equity

B MEDICA
f Financial Position
ed Partnership July 1, 2009
313,018.66
3,325.00
246,000.00
21,000.00
7,500.00
9,000.00
599,843.66
450,000.00
36,000.00 414,000.00
150,000.00
11,250.00 138,750.00
168,000.00
12,537.50 155,462.50
45,000.00
4,500.00
757,712.50
1,357,556.16
42,000.00
3,931.00
1,275.00
600.00
4,750.16
52,556.16
435,000.00
870,000.00
1,305,000.00
1,357,556.16
CLUB MEDICA
Statement of Cash Flows
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
Cash flow from investing activities

Property, plant and equipment (50,583.50)
Net cash provided by investing activities
Cash flow from financing activities

Withdrawals (100,000.00)
Net cash provided by financing activities
Net increase (decrease) in cash
Add: Cash, beginning
Cash , ending
195,613.51
(50,583.50)
(100,000.00)
45,030.01
316,343.66
361,373.67
PETTY CASH RECORD
Distrib
Date PCV No. Explanation Payments
Misc. Travel
July 2 21 Delivery of X-rays 112.00

9 22 Donation to Local Chapters
15 23 Taxi Fare 850.00
23 24 Postage 55.00
TOTAL 167.00 850.00

bution Of Payments
Others
Account Amount
Charitable Contribution 1,000.00
1,000.00
CLUB MEDICA
Post - Closing Trial Balance
No. Account Titles Debits

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
152 Office Equipment 180,000.00
153 Accu. Depreciation-Office Equipment
154 Furnitures and Fixtures 176,583.50
155 Accu. Depreciation-Furnitures & Fixtures
160 Rent Deposit 45,000.00
161 Utilities Deposit 4,500.00
210 Accounts Payable
221 SSS and EC Contributions Payable
222 Philhealth Contributions Payable
223 Pag-IBIG Contributions Payable
224 Withholding Taxes Payable
300 Theodore Daniel, Capital
302 Thaddeus Dominique, Capital
Total 1,473,795.17
Credits
42,420.00
14,250.00
15,664.50
67,781.95
3,931.00
1,275.00
600.00
4,750.16
888,048.54
435,074.02
1,473,795.17

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COMBINATION JOURNAL

July 22 Medical Equipment 150 7,500.00 ###

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

31 Miscellaneous Expense 167.00

31 Medical Supplies Expense 11,901.00

Income Summary 160,617.44

Income Summary 118,122.56

Theodore Daniel, Capital 50,000.00

Date Explanation Post Ref. Debit Credit

2009 July 1 Balance

Account: Petty Cash Fund

Date Explanation Post Ref. Debit Credit

2009 July 1 Balance

Account: Interest Receivable

Date Explanation Post Ref. Debit Credit

Account: Accounts Receivable

Date Explanation Post Ref. Debit Credit

2009 July 1 Balance

Account: Allowance for Uncollectible Accounts

Date Explanation Post Ref. Debit Credit

Account: Medical Supplies

Date Explanation Post Ref. Debit Credit

2009 July 1 Balance

Account: Office Supplies

Date Explanation Post Ref. Debit Credit

2009 July 1 Balance

Account: Prepaid Insurance

Date Explanation Post Ref. Debit Credit

2009 July 1 Balance

Account: Medical Equipment

Date Explanation Post Ref. Debit Credit

2009 July 1 Balance

Account: Accumulated Depreciation - Medical Equipment

Date Explanation Post Ref. Debit Credit

2009 July 1 Balance

Account: Office Equipment

Date Explanation Post Ref. Debit Credit

2009 July 1 Balance

Account: Accumulated Depreciation - Office Equipment

Date Explanation Post Ref. Debit Credit

2009 July 1 Balance

Date Explanation Post Ref. Debit Credit

2009 July 1 Balance

Account: Accumulated Depreciation - Furnitures and Fixtures

Date Explanation Post Ref. Debit Credit

2009 July 1 Balance

Account: Rent Deposit

Date Explanation Post Ref. Debit Credit

2009 July 1 Balance

Account: Utilities Deposit

Date Explanation Post Ref. Debit Credit

2009 July 1 Balance

Account: Notes Payable

Date Explanation Post Ref. Debit Credit

Account: Interest Payable

Date Explanation Post Ref. Debit Credit

Account: Accounts Payable

Date Explanation Post Ref. Debit Credit

Account: Salaries Payable