Question ASSIGNMENT 02 NAME: DATE: Dr. Barbi Baldoza, a cosmetic surgeon, opened Batang Bata Clinic specializing in slimming, facial and skin treatment in Recto Manila. The following are the transactions for 2018 the first year of operation: January 1 Barbi invested P250,000 cash, P500,000 medical equipment. February 28 Bought furniture on account, costing P150,000 from Furniture World. March 5 Bought for cash, medical supplies worth P125,000 April 7 A summary of botox treatments rendered showed: cash patients, P215,000; on account customers, P395,000. May 31 Received P180,000 proceeds from a bank loan payable on January 31, 2019 and paid with it a two-year insurance starting 2019 for the clinic. June 30 Paid salaries of nurse and secretary, P120,000 July 17 A summary of liposuction treatments rendered showed: cash customers, P280,000; on account customers, P245,000 of which P15,000 were collected. August 31 Received P100,000 advance payment from a patient facial treatment. September 20 Barbi took P15,000 worth of medical supplies for personal use. October 5 Collected 10% of balance owed by the botox-treated customers. December 29 Paid for rent P110,000 which included the use of power and water amounting to P 50,000 REQUIRED: Using the T-Accounts below, prepare General ledger POSTING for the above transactions and the corresponding TRIAL BALANCE (dated December 31) LEDGER POSTING (Add T-accounts for additional account title/s if necessary) ASSETS: LIABILITIES: OWNERS' EQUITY: TRIAL BALANCE (Insert additional account title if necessary) Trial Balance December 31 Account Title Debit Credit
YACPW0 The Asker · Accounting
Transcribed Image Text: ASSIGNMENT 02 NAME: DATE: Dr. Barbi Baldoza, a cosmetic surgeon, opened Batang Bata Clinic specializing in slimming, facial and skin treatment in Recto Manila. The following are the transactions for 2018 the first year of operation: January 1 Barbi invested P250,000 cash, P500,000 medical equipment. February 28 Bought furniture on account, costing P150,000 from Furniture World. March 5 Bought for cash, medical supplies worth P125,000 April 7 A summary of botox treatments rendered showed: cash patients, P215,000; on account customers, P395,000. May 31 Received P180,000 proceeds from a bank loan payable on January 31, 2019 and paid with it a two-year insurance starting 2019 for the clinic. June 30 Paid salaries of nurse and secretary, P120,000 July 17 A summary of liposuction treatments rendered showed: cash customers, P280,000; on account customers, P245,000 of which P15,000 were collected. August 31 Received P100,000 advance payment from a patient facial treatment. September 20 Barbi took P15,000 worth of medical supplies for personal use. October 5 Collected 10% of balance owed by the botox-treated customers. December 29 Paid for rent P110,000 which included the use of power and water amounting to P 50,000 REQUIRED: Using the T-Accounts below, prepare General ledger POSTING for the above transactions and the corresponding TRIAL BALANCE (dated December 31)
LEDGER POSTING (Add T-accounts for additional account title/s if necessary) ASSETS: LIABILITIES:
OWNERS' EQUITY:
TRIAL BALANCE (Insert additional account title if necessary) Trial Balance December 31 Account Title Debit Credit
More Transcribed Image Text: ASSIGNMENT 02 NAME: DATE: Dr. Barbi Baldoza, a cosmetic surgeon, opened Batang Bata Clinic specializing in slimming, facial and skin treatment in Recto Manila. The following are the transactions for 2018 the first year of operation: January 1 Barbi invested P250,000 cash, P500,000 medical equipment. February 28 Bought furniture on account, costing P150,000 from Furniture World. March 5 Bought for cash, medical supplies worth P125,000 April 7 A summary of botox treatments rendered showed: cash patients, P215,000; on account customers, P395,000. May 31 Received P180,000 proceeds from a bank loan payable on January 31, 2019 and paid with it a two-year insurance starting 2019 for the clinic. June 30 Paid salaries of nurse and secretary, P120,000 July 17 A summary of liposuction treatments rendered showed: cash customers, P280,000; on account customers, P245,000 of which P15,000 were collected. August 31 Received P100,000 advance payment from a patient facial treatment. September 20 Barbi took P15,000 worth of medical supplies for personal use. October 5 Collected 10% of balance owed by the botox-treated customers. December 29 Paid for rent P110,000 which included the use of power and water amounting to P 50,000 REQUIRED: Using the T-Accounts below, prepare General ledger POSTING for the above transactions and the corresponding TRIAL BALANCE (dated December 31)
LEDGER POSTING (Add T-accounts for additional account title/s if necessary) ASSETS: LIABILITIES:
OWNERS' EQUITY:
TRIAL BALANCE (Insert additional account title if necessary) Trial Balance December 31 Account Title Debit Credit
Community Answer
IQJKXK
T-Accounts :Assets -Medilal Earuibsent2018 P 2018Iom.1 Gpital A/C Soo,000Balonce Soo,0exLiabilities -Owner's Equity -DramingsIncome & Expenses -Rurchases2018p 2018marchs (alh125,000 Sipt. 20 Dramings15,000Brlonce4.110,000Sales revenueSalariesPoner and water expenseTrial Balance :Trial BalonceDecember 31, 2018Notes :- Extra column for dates is drawn in the T-accounts on ... See the full answer