Club Medica Practice Set - 1

CASH
DEBIT
CREDIT
15,000.00
2,490.00
2,000.00
DATE
CHECK
ACCOUNT TITLES AND EXPLANATION
NO.
1422
RENT EXPENSE
MEDICAL EQUIPMENT
1423
PUBLICATIONS EXPENSE
1424
CHARITABLE CONT. EXPENSE
8,000.00
5,200.00
1425
12,600.00
62,400.00
SUBTOTAL WK 1
83,000.00
PROF. DUES & LICENSES EXPENSE

OFFICE SUPPLIES
ACCOUNTS RECEIVABLE
24,690.00
16,000.00
2,965.00
1,150.00
10,556.16
3,500.00
1426
1427
1428
*
*
*
1429
REPAIRS AND MAINTENANCE EXPENSE

CLEANING EXPENSE
SSS AND EC CONTRIBUTIONS PAYABLE
PHILHEALTH CONTRIBUTIONS PAYABLE
PAGIBIG CONTRIBUTIONS PAYABLE
WITHHOLDING TAXES PAYABLE
PROF. DUES & LICENSES EXPENSE
UTILITIES EXPENSE
ACCOUNTS RECEIVABLE
1430
*
*
*
*
1431
SALARIES EXPENSE
LABORATORY EXPENSES
66,250.00
17,650.00
SUBTOTAL WK 2
99,900.00
18,171.16
22,264.52
6,287.50
POST
REF.
4,505.00
1432
6,850.00
1433
LAUNDRY EXPENSE
OFFICE EQUIPMENT
PUBLICATIONS EXPENSE
1,251.00
1434
UTILITIES EXPENSE
MEDICAL SUPPLIES
13,000.00
3,300.00
52,750.00
SUBTOTAL WK 3
69,050.00
ACCOUNTS RECEIVABLE
41,158.02
334.88
1435
100,000.00
1436
1437
1438
1439
ACCOUNTS PAYABLE
MEDICAL EQUIPMENT
THEODORE DANIEL, DRAWINGS
THADDEUS DOMINIQUE, DRAWINGS
ACCOUNTS PAYABLE
FURNITURES AND FIXTURES
1440
ACCOUNTS RECEIVABLE
ACCOUNTS PAYABLE
42,000.00
8,583.50
6,000.00
900.00
21,650.00
1,282.91
SUBTOTAL WK 4
28,550.00
152,201.29
22,264.52
1441
*
*
*
*
SALARIES EXPENSE
SSS AND EC CONTRIBUTIONS EXPENSE
PHILHEALTH CONTRIBUTIONS EXPENSE
PAGIBIG CONTRIBUTIONS EXPENSE
12,288.00
1442
4,680.00
1443
7,500.00
400.00
34,100.00
SUBTOTAL WK 5
42,000.00
ACCOUNTS RECEIVABLE
39,232.52
2,017.00
TOTAL (JULY 2009)
322,500.00
TOTAL DEBITS
TOTAL CREDITS
873,315.89
873,315.89

LABORATORY EXPENSE
UTILITIES EXPENSE
TRAVEL EXPENSE
277,469.99
MISCELLANEOUS EXPENSE
TRAVEL EXPENSE
CHARITABLE CONTRIBUTIONS EXPENSE
OTHER ACCOUNTS
DEBIT
CREDIT
15,000.00
24,000.00
2,490.00
2,000.00
ACC. RECEIVABLE
DEBIT
ACC. PAYABLE
CREDIT
CONSULTANCY REV.
CREDIT
PATIENT SVC. REV

CREDIT
24,000.00
8,000.00
5,200.00
2,080.00
2,080.00
22,990.00
35,590.00
62,400.00
50,770.00
62,400.00
22,990.00
26,080.00
8,000.00
35,590.00
16,000.00
2,965.00
1,150.00
3,931.00
1,275.00
600.00
4,750.16
3,500.00
1,282.91
1,282.91
66,250.00
63,250.00
19,454.07
66,250.00
25,800.00
691.65
318.75
150.00
2,375.08
6,287.50
63,250.00
80,900.00
1,282.91
16,000.00
80,900.00
4,505.00
30,000.00
6,850.00
30,000.00
13,000.00
334.88
1,251.00
334.88
27,550.00
30,850.00
52,750.00
75,028.38
56,285.48
27,550.00
334.88
7,500.00
50,000.00
50,000.00
42,000.00
8,583.50
30,334.88
13,000.00
30,850.00
7,500.00
6,000.00
45,600.00
46,500.00
21,650.00
1,282.91
159,701.29
21,650.00
25,800.00
691.65
318.75
150.00
2,375.08
2,547.70
637.50
300.00
2,547.70
637.50
45,600.00
7,500.00
6,000.00
46,500.00
300.00
12,288.00
4,201.95
4,680.00
4,201.95
7,500.00
34,000.00
34,400.00
34,100.00
50,455.15
41,120.68
34,000.00
4,201.95
7,500.00
34,400.00
247,706.16
193,390.00
69,399.74
50,500.00
228,240.00
167.00
850.00
1,000.00
357,425.89
WEEK
1
2
3
4
5
TOTAL
DEBIT
156,760.00
182,604.07
171,628.38
233,851.29
126,455.15
871,298.89
CREDIT
156,760.00
182,604.07
171,628.38
233,851.29
126,455.15
871,298.89
Petty Cash Record

For the Month Ended July 31, 2009
DATE
July 2, 1009
July 9, 2009
July 15, 2009
July 23, 2009
PCV NO.
21
22
23
24
EXPLANATION
Delivery of X-Rays
Donation to Local Chapter
Taxi Fare
Postage
PAYMENTS
JRS Express
Girl Scouts
Nissan Avis Taxi
Express Mail
MISC.
DISTRIBUTION OF PAYMENTS
OTHER
TRAVEL
ACCOUNT
AMOUNT
112.00
Charitable Cont. Expense
1,000.00
850.00
55.00
167.00
850.00
1,000.00
GENERAL JOURNAL
DATE
ACCOUNT TITLES/EXPLANATION
BOOK OF DANIEL
7/1/2009 Daniel, Capital
Medical Supplies
*
PR
DEBIT
4,007.00
4,007.00
Daniel, Capital
Office Supplies
2,028.00
Daniel, Capital
Cash
1,675.00
Daniel, Capital
Cash
4,000.00
2,028.00
1,675.00
4,000.00
Accu Dep - Med Eq.

Medical Equipment
36,000.00
Accu Dep - Office Eq.

Office Equipment
11,250.00
Accu Dep - Furnitures

Furnitures and Fixtures
12,537.50
36,000.00
11,250.00
12,537.50
Accounts Payable
SSS and EC Contributions Payable
PhilHealth Contributions Payable
PAG-IBIG Contributions Payable
Withholding Taxes Payable
Theodore Daniel, Capital
Cash
Petty Cash
Accounts Receivable
Medical Supplies
Office Supplies
Prepaid Insurance
Medical Equipment
Office Equipment
Rent Deposit
Utilities Deposit
42,000.00
3,931.00
1,275.00
600.00
4,750.16
1,260,239.34
266,583.00
5,000.00
246,000.00
21,000.00
7,500.00
9,000.00
414,000.00
138,750.00
155,462.50
45,000.00
4,500.00
BOOK OF PARTNERSHIP
7/1/2009 Cash
Petty Cash
Accounts Receivable
Medical Supplies
Office Supplies
Prepaid Insurance
Medical Equipment
Office Equipment
CREDIT
266,583.00
5,000.00
246,000.00
21,000.00
7,500.00
9,000.00
414,000.00
138,750.00

Rent Deposit
Utilities Deposit
Accounts Payable
155,462.50
45,000.00
4,500.00
Cash
Thaddeus Dominique, Capital
435,000.00

Cash
390,239.34
42,000.00
3,931.00
1,275.00
600.00
4,750.16
1,260,239.34
435,000.00
390,239.34
Club Medica
Statement of Financial Position
as of July 1, 2009
ASSETS
Cash
Petty Cash
Accounts Receivable
Medical Supplies
Office Supplies
Prepaid Insurance
Medical Equipment
Office Equipment
Rent Deposit
Utilities Deposit
Total Assets
311,343.66
5,000.00
246,000.00
21,000.00
7,500.00
9,000.00
414,000.00
138,750.00
155,462.50
45,000.00
4,500.00
1,357,556.16
LIABILITIES AND EQUITY

Accounts Payable
Total Liabilities and Equity
DATE
ACCOUNT TITLES
31-Jul-09 Medical Supplies Expense
Medical Supplies
*
Office Supplies Expense
42,000.00
3,931.00
1,275.00
600.00
4,750.16
870,000.00
435,000.00
1,357,556.16
P.R.
DEBIT
11,901.00
CREDIT
11,901.00
7,322.00
Office Supplies
*
7,322.00
Insurance Expense
Prepaid Insurance
1,500.00
Depreciation Expense - Medical Equipment

Accumulated Depreciation - Medical Equipment
6,420.00
Depreciation Expense - Office Equipment

Accumulated Depreciation - Office Equipment
3,000.00
Depreciation Expense - Furnitures and Fixtures

Accumulated Depreciation - Furnitures and Fixtures
3,127.00
1,500.00
6,420.00
3,000.00
3,127.00
Consultancy Revenues
Patient Service Revenues
Income Summary
50,500.00
228,240.00
Income Summary
Salaries Expense
Sss And Ec Contributions Expense
Philhealth Contributions Expense
Pag-Ibig Contributions Expense
Rent Expense
Utilities Expense
Cleaning Expense
Laundry Expense
Laboratory Expense
Medical Supplies Expense
Office Supplies Expense
Publication Expense
Travel Expense
Professional Dues And License Expense
Charitable Contributions Expense
Depreciation Expense - Medical Equipment
Depreciation Expense - Office Equipment
Depreciation Expense - Furnitures And Fixtures
Insurance Expense
Repairs And Maintenance Expense
Miscellaneous Expense
160,617.44
Income Summary
Theodore Daniel, Withdrawals
Thaddeus Dominique, Withdrawals
118,122.56
Theodore Daniel, Withdrawals

Thaddeus Dominique, Withdrawals
278,740.00
51,600.00
2,547.70
637.50
300.00
15,000.00
4,536.83
1,150.00
4,505.00
18,575.50
11,901.00
7,322.00
6,850.00
5,530.00
8,700.00
4,282.91
6,420.00
3,000.00
3,127.00
1,500.00
2,965.00
167.00
63,048.54
55,074.02
13,048.54
5,074.02
13,048.54
5,074.02
ACCOUNT TITLES
CASH
PETTY CASH
INTEREST RECEIVABLE
ACCOUNTS RECEIVABLE
ALLOWANCE FOR UNCOLLECTIBLE ACCOUNTS
MEDICAL SUPPLIES
OFFICE SUPPLIES
PREPAID INSURANCE
MEDICAL EQUIPMENT
ACCUMULATED DEPRECIATION - MEDICAL EQUIPMENT
OFFICE EQUIPMENT
ACCUMULATED DEPRECIATION - OFFICE EQUIPMENT
ACCUMULATED DEPRECIATION - FURNITURES AND FIXTURES
RENT DEPOSIT
UTILITIES DEPOSIT
NOTES PAYABLE
INTEREST PAYABLE
ACCOUNTS PAYABLE
SALARIES PAYABLE
PAG-IBIG CONTRIBUTIONS PAYABLE
THEODORE DANIEL, CAPITAL
THEODORE DANIEL, WITHDRAWALS
THADDEUS DOMINIQUE, CAPITAL
THADDEUS DOMINIQUE, WITHDRAWALS
PATIENT SERVICE REVENUES
CONSULTANCY REVENUES
SALARIES EXPENSE
PAG-IBIG CONTRIBUTIONS EXPENSE
WEEK 1
DEBIT
CREDIT
369,653.66
5,000.00
ADDITIONAL BAL.
DEBIT
CREDIT
99,900.00 18,171.16
WEEK 2
DEBIT
451,382.50
5,000.00
206,590.00
63,250.00
203,590.00
66,250.00
21,000.00
9,580.00
9,000.00
438,000.00
21,000.00
9,580.00
9,000.00
438,000.00
138,750.00
138,750.00
155,462.50
155,462.50
45,000.00
4,500.00
45,000.00
4,500.00
68,080.00
3,931.00
1,275.00
600.00
4,750.16
870,000.00
1,282.91
3,931.00
1,275.00
600.00
4,750.16
435,000.00
35,590.00
8,000.00
80,900.00
16,000.00
RENT EXPENSE
UTILITIES EXPENSE
CLEANING EXPENSE
LAUNDRY EXPENSE
LABORATORY EXPENSE
MEDICAL SUPPLIES EXPENSE
OFFICE SUPPLIES EXPENSE
PUBLICATION EXPENSE
TRAVEL EXPENSE
PROFESSIONAL DUES AND LICENSE EXPENSE
UNCOLLECTIBLE ACCOUNTS EXPENSE
DEPRECIATION EXPENSE - MEDICAL EQUIPMENT
DEPRECIATION EXPENSE - OFFICE EQUIPMENT
DEPRECIATION EXPENSE - FURNITURES AND FIXTURES
INSURANCE EXPENSE
INTEREST INCOME
INTEREST EXPENSE
BALANCE
15,000.00
15,000.00
1,150.00
2,490.00
5,200.00
2,000.00
1,150.00
2,490.00
3,500.00
1,282.91
8,700.00
3,282.91
2,965.00
2,965.00
1,427,226.16 1,427,226.16 182,604.07 182,604.07 1,514,852.91
WEEK 2
CREDIT
ADDITIONAL BAL.
DEBIT
CREDIT
69,050.00 41,158.02
WEEK 3
DEBIT
CREDIT
479,274.48
5,000.00
ADDITIONAL BAL.
DEBIT
CREDIT
28,550.00 152,201.29
WEEK 4
DEBIT
CREDIT
355,623.19
5,000.00
ADDITIONAL BAL.
DEBIT
CREDIT
42,000.00 39,232.52
27,550.00
178,390.00
45,600.00
202,340.00
34,000.00
52,750.00
1,251.00
22,251.00
9,580.00
9,000.00
438,000.00
30,000.00
21,650.00
22,251.00
9,580.00
9,000.00
445,500.00
7,500.00
168,750.00
168,750.00
155,462.50
8,583.50
164,046.00
45,000.00
4,500.00
69,362.91
45,000.00
4,500.00
30,334.88
99,697.79
691.65
318.75
150.00
2,375.08
870,000.00
691.65
318.75
150.00
2,375.08
870,000.00
435,000.00
435,000.00
43,617.79
7,500.00
50,000.00
30,850.00
13,000.00
25,800.00
147,340.00
37,000.00
25,800.00
63,580.00
4,201.95
691.65
318.75
150.00
2,375.08
870,000.00
3,239.35
956.25
450.00
2,375.08
50,000.00
435,000.00
50,000.00
116,490.00
24,000.00
34,100.00
50,000.00
46,500.00
6,000.00
193,840.00
43,000.00
25,800.00
34,400.00
7,500.00
25,800.00
2,547.70
637.50
300.00
4,505.00
6,287.50
15,000.00
334.88
1,150.00
4,505.00
6,287.50
15,000.00
334.88
1,150.00
4,505.00
6,287.50
6,850.00
9,340.00
9,340.00
8,700.00
3,282.91
8,700.00
3,282.91
2,965.00
2,965.00
334.88
4,201.95
12,288.00
4,680.00
1,514,852.91 171,628.38 171,628.38 1,592,573.27 1,592,573.27 233,851.29 233,851.29 1,608,955.48 1,608,955.48 126,455.15 126,455.15
WEEK 5
DEBIT
CREDIT
358,390.67
5,000.00
REPLENISHMENTS
UNADJUSTED TRIAL BALANCE
DEBIT
CREDIT
DEBIT
CREDIT
2,017.00
356,373.67
5,000.00
202,240.00
202,240.00
22,251.00
9,580.00
9,000.00
445,500.00
22,251.00
9,580.00
9,000.00
445,500.00
168,750.00
168,750.00
164,046.00
164,046.00
45,000.00
4,500.00
45,000.00
4,500.00
67,781.95
67,781.95
3,931.00
1,275.00
600.00
4,750.16
870,000.00
3,931.00
1,275.00
600.00
4,750.16
870,000.00
50,000.00
50,000.00
435,000.00
50,000.00
435,000.00
50,000.00
228,240.00
50,500.00
51,600.00
2,547.70
637.50
300.00
228,240.00
50,500.00
51,600.00
2,547.70
637.50
300.00
15,000.00
4,536.83
1,150.00
4,505.00
18,575.50
15,000.00
4,536.83
1,150.00
4,505.00
18,575.50
9,340.00
4,680.00
8,700.00
3,282.91
1,000.00
9,340.00
5,530.00
8,700.00
4,282.91
167.00
2,965.00
167.00
850.00
2,965.00
1,662,078.11
1,662,078.11
2,017.00
2,017.00
1,662,078.11
1,662,078.11
BEG BAL
ABAD
ALVARO
BACALSO
BARBO
BOBADILLA
BOMBEO
BURGOS
CARDENAS
CORPUZ
DAGANTA
DAL
DELA CRUZ
DELLOSA
DEL MUNDO
DELOS SANTOS
DIMEN
DONDOYANO
DULAY
GALANG
GARACHICO
GASCON
GENERALES
GERON
GEVERA
GO
MARASIGAN
MATUGUINAS
MEDINA
MODESTO
MULLES
OPISO
PAHILAGAO
PASCUA
PATENO
PERU
10,750.00
4
400.00
400.00
550.00
39,000.00
20,000.00
18,750.00
23,500.00
7,500.00
-8,000.00
-15,000.00
340.00
-16,000.00
14,000.00
9,000.00
-10,000.00
14,000.00
300.00
400.00
450.00
3,750.00
7,750.00
400.00
-400.00
300.00
4,500.00
300.00
400.00
5,000.00
2,250.00
700.00
850.00
WK 1
BAL WK 1
8
9
10
400.00
400.00
0.00
0.00
400.00 11,150.00
0.00
0.00
550.00
550.00
-8,000.00 31,000.00
-15,000.00
5,000.00
340.00 19,090.00
-16,000.00
7,500.00
300.00
0.00
7,500.00 9,000.00
0.00
0.00 15,000.00
-10,000.00
4,000.00
0.00
9,000.00
900.00
0.00
0.00
0.00
0.00
1,000.00
14,300.00 14,300.00
0.00
0.00
400.00
400.00
350.00
450.00
450.00
0.00
0.00
0.00
3,750.00
-1,500.00
0.00
7,750.00
0.00
0.00
300.00
300.00
0.00
4,500.00
300.00
300.00
0.00
0.00
400.00
400.00
2,250.00
7,250.00
700.00
700.00
0.00
0.00
0.00
0.00
0.00
0.00
12,000.00
0.00
0.00
850.00
850.00
PIATOR
PIDO
PITULAR
POZON
RIVADELO
RUIZ
SALA
SEECHUA
SELISANA
SORRA
VILLON
VIRTUDAZO
WOO
YACAPIN
YUMOL
TOTAL
4,500.00
300.00
350.00
1,500.00
10,000.00
25,000.00
3,500.00
10,000.00
17,500.00
10,500.00 -5,750.00
246,000.00
-7,250.00
300.00
0.00
0.00
0.00
0.00
300.00
350.00
0.00
-7,250.00
0.00
0.00
0.00
0.00
300.00
0.00
-5,750.00
0.00
4,500.00
0.00
0.00
1,150.00
300.00
350.00
1,500.00
2,750.00
25,000.00
3,500.00
0.00
10,000.00 -5,000.00
17,800.00
0.00
4,750.00
206,590.00
400.00
400.00
550.00
11
12
550.00
1,250.00
750.00
-12,000.00
800.00
300.00
-4,500.00
2,250.00
-7,750.00
300.00
WK 2
BAL WK 2
15
16
17
18
19
WK 3
BAL WK 3
22
23
550.00
950.00
0.00
950.00
1,250.00
1,250.00
0.00
1,250.00
0.00 11,150.00
-9,000.00
-9,000.00
2,150.00
450.00
0.00
0.00
0.00
0.00
750.00
1,300.00
0.00
1,300.00 -1,300.00
-12,000.00 19,000.00
-12,000.00
-12,000.00
7,000.00
0.00
5,000.00
0.00
5,000.00
800.00 19,890.00
0.00 19,890.00
300.00
7,800.00
0.00
7,800.00
9,300.00 16,800.00
-7,500.00 -7,500.00
9,300.00
15,000.00 15,000.00
0.00 15,000.00
0.00
4,000.00
0.00
4,000.00
-3,600.00
5,400.00
0.00
5,400.00
0.00
0.00
450.00
450.00
450.00
1,000.00
1,000.00
0.00
1,000.00
600.00
0.00 14,300.00
0.00 14,300.00
2,250.00
2,250.00
2,250.00
2,250.00
4,500.00
350.00
750.00
0.00
750.00
-750.00
0.00
450.00
7,000.00
300.00 7,300.00
7,750.00
300.00
0.00
0.00
400.00
400.00
400.00
-1,500.00
2,250.00
0.00
2,250.00
-7,750.00
0.00
400.00
400.00
400.00
0.00
0.00
0.00
0.00
0.00
300.00
400.00
400.00
700.00
0.00
4,500.00 -4,500.00
-4,500.00
0.00
0.00
300.00
2,300.00 2,300.00
2,600.00
2,300.00
0.00
0.00
400.00
400.00
400.00
0.00
400.00
0.00
400.00
0.00
7,250.00
-5,000.00
-5,000.00
2,250.00
0.00
700.00
400.00
400.00
1,100.00
300.00
300.00
0.00
300.00
0.00
0.00
0.00
0.00
12,000.00 12,000.00
-12,000.00
-12,000.00
0.00
0.00
0.00
600.00
600.00
600.00
10,000.00
0.00
850.00 1,950.00
1,950.00
2,800.00
0.00
0.00
0.00
16,000.00 17,150.00
0.00
400.00
0.00
0.00
-18,000.00 -17,600.00
0.00
0.00
-5,000.00
-17,500.00
-17,500.00
0.00
550.00
0.00
4,500.00
0.00
17,150.00
300.00
750.00
1,500.00
2,750.00
7,400.00
3,500.00
0.00
5,000.00
300.00
0.00
5,300.00
203,590.00
400.00
450.00
300.00
800.00
7,250.00
300.00
300.00
-2,750.00
900.00
400.00
450.00
0.00
300.00
800.00
0.00
7,850.00
-2,750.00
0.00
900.00
0.00
0.00
0.00
0.00
0.00
400.00
4,950.00 -4,950.00
0.00
17,450.00
1,100.00
-1,100.00
750.00
400.00
9,350.00
0.00
7,400.00
4,400.00
0.00
4,250.00
5,000.00
300.00
0.00
5,300.00
178,390.00
24
25
-7,000.00
450.00
400.00
1,000.00
-4,500.00
-400.00
550.00
-700.00
26
-950.00
WK 4
BAL WK 4
-950.00
0.00
0.00
1,250.00
450.00
2,600.00
0.00
0.00
-1,300.00
0.00
-7,000.00
0.00
0.00
5,000.00
0.00 19,890.00
450.00
8,250.00
0.00
9,300.00
0.00 15,000.00
0.00
4,000.00
0.00
5,400.00
400.00
850.00
1,600.00
2,600.00
0.00 14,300.00
-4,500.00
0.00
-750.00
0.00
300.00
8,050.00
-400.00
0.00
0.00
2,250.00
550.00
950.00
0.00
0.00
-700.00
0.00
0.00
0.00
2,300.00
4,900.00
0.00
400.00
0.00
400.00
2,000.00 2,000.00
4,250.00
0.00
1,100.00
0.00
300.00
0.00
0.00
0.00
0.00
300.00 10,300.00 10,900.00
0.00
2,800.00
29
30
31
1,150.00
4,000.00
-5,000.00
-7,500.00
-10,000.00
-2,000.00
3,500.00
-850.00
550.00
1,100.00
-2,250.00
450.00
20,000.00
-400.00
-1,100.00
600.00
1,500.00
WK 5
0.00
1,150.00
4,000.00
0.00
0.00
0.00
-5,000.00
-7,500.00
0.00
0.00
-10,000.00
-2,000.00
3,500.00
-850.00
0.00
550.00
0.00
0.00
1,100.00
0.00
-2,250.00
450.00
20,000.00
0.00
0.00
0.00
0.00
-400.00
0.00
-1,100.00
600.00
0.00
0.00
1,500.00
0.00
BAL WK 5
0.00
2,400.00
6,600.00
0.00
0.00
0.00
0.00
12,390.00
8,250.00
9,300.00
5,000.00
2,000.00
8,900.00
0.00
2,600.00
14,850.00
0.00
0.00
9,150.00
0.00
0.00
1,400.00
20,000.00
0.00
0.00
4,900.00
400.00
0.00
4,250.00
0.00
900.00
0.00
0.00
12,400.00
2,800.00
950.00
3,000.00
400.00
950.00
-4,950.00
3,000.00
0.00
-1,100.00
400.00
0.00
0.00
0.00
17,500.00 17,500.00
300.00 4,550.00
0.00
450.00
850.00
0.00
0.00
1,350.00
0.00
3,000.00
17,450.00
0.00
1,150.00
9,350.00
0.00
7,400.00
21,900.00
4,550.00
5,000.00
1,150.00
0.00
5,300.00
202,340.00
400.00
750.00
-5,000.00
0.00
0.00
400.00
0.00
0.00
0.00
0.00
0.00
0.00
750.00
0.00
-5,000.00
0.00
0.00
0.00
1,350.00
0.00
3,400.00
17,450.00
0.00
1,150.00
9,350.00
0.00
7,400.00
22,650.00
4,550.00
0.00
1,150.00
0.00
5,300.00
202,240.00
NO.
100
101
111
120
121
130
131
140
150
151
152
153
154
155
160
161
200
201
210
220
221
222
223
224
300
301
302
303
310
400
401
500
ACCOUNT TITLES
CASH
PETTY CASH
INTEREST RECEIVABLE
ACCOUNTS RECEIVABLE
ALLOWANCE FOR UNCOLLECTIBLE ACCOUNTS
MEDICAL SUPPLIES
OFFICE SUPPLIES
PREPAID INSURANCE
MEDICAL EQUIPMENT
ACCUMULATED DEPRECIATION - MEDICAL EQUIPMENT
OFFICE EQUIPMENT
ACCUMULATED DEPRECIATION - OFFICE EQUIPMENT
ACCUMULATED DEPRECIATION - FURNITURES AND FIXTURES
RENT DEPOSIT
UTILITIES DEPOSIT
NOTES PAYABLE
INTEREST PAYABLE
ACCOUNTS PAYABLE
SALARIES PAYABLE
PAG-IBIG CONTRIBUTIONS PAYABLE
THEODORE DANIEL, CAPITAL
THEODORE DANIEL, WITHDRAWALS
THADDEUS DOMINIQUE, CAPITAL
THADDEUS DOMINIQUE, WITHDRAWALS
INCOME SUMMARY
SALARIES EXPENSE
CLUB MEDICA
WORKSHEET FOR THE MONTH ENDED JULY 31, 2009
UNADJUSTED TRIAL
ADJUSTMENTS
ADJUSTED TRIAL BALANCE
BALANCE
DEBIT
CREDIT
DEBIT
CREDIT
DEBIT
356,373.67
356,373.67
5,000.00
5,000.00
202,240.00
202,240.00
22,251.00
9,580.00
9,000.00
445,500.00
11,901.00
4,832.00
1,500.00
10,350.00
4,748.00
7,500.00
445,500.00
6,420.00
168,750.00
168,750.00
3,000.00
164,046.00
164,046.00
3,127.00
45,000.00
4,500.00
45,000.00
4,500.00
67,781.95
3,931.00
1,275.00
600.00
4,750.16
870,000.00
50,000.00
50,000.00
435,000.00
50,000.00
50,000.00
228,240.00
50,500.00
51,600.00
51,600.00
501
502
503
510
511
512
513
520
521
530
531
532
533
534
540
541
542
543
550
551
570
600
700

RENT EXPENSE
UTILITIES EXPENSE
CLEANING EXPENSE
LAUNDRY EXPENSE
LABORATORY EXPENSE
PUBLICATION EXPENSE
TRAVEL EXPENSE
BALANCE CARRIED FORWARD
BALANCE BROUGHT FORWARD
INSURANCE EXPENSE
INTEREST INCOME
INTEREST EXPENSE
BALANCE
PROFIT
TOTAL
2,547.70
637.50
300.00
15,000.00
4,536.83
1,150.00
4,505.00
18,575.50
11,901.00
4,832.00
9,340.00
5,530.00
8,700.00
4,282.91
1,658,946.11 1,662,078.11 16,733.00 30,780.00
1,658,946.11 1,662,078.11 16,733.00 30,780.00
6,420.00
3,000.00
3,127.00
1,500.00
2,965.00
167.00
1,662,078.11 1,662,078.11 30,780.00 30,780.00
2,547.70
637.50
300.00
15,000.00
4,536.83
1,150.00
4,505.00
18,575.50
11,901.00
4,832.00
9,340.00
5,530.00
8,700.00
4,282.91
1,657,446.11
1,657,446.11
6,420.00
3,000.00
3,127.00
1,500.00
2,965.00
167.00
1,674,625.11
DED JULY 31, 2009

JUSTED TRIAL BALANCE
CREDIT
INCOME STATEMENT
DEBIT
CREDIT
BALANCE SHEET
DEBIT
CREDIT
356,373.67
5,000.00
202,240.00
10,350.00
4,748.00
7,500.00
445,500.00
6,420.00
6,420.00
168,750.00
3,000.00
3,000.00
164,046.00
3,127.00
3,127.00
45,000.00
4,500.00
67,781.95
67,781.95
3,931.00
1,275.00
600.00
4,750.16
870,000.00
3,931.00
1,275.00
600.00
4,750.16
870,000.00
50,000.00
435,000.00
435,000.00
50,000.00
228,240.00
50,500.00
228,240.00
50,500.00
51,600.00
NO.
100
101
111
120
121
130
131
140
150
151
152
153
154
155
160
161
200
201
210
220
221
222
223
224
300
301
302
303
310
400
401
500
1,674,625.11
1,674,625.11
2,547.70
637.50
300.00
15,000.00
4,536.83
1,150.00
4,505.00
18,575.50
11,901.00
4,832.00
9,340.00
5,530.00
8,700.00
4,282.91
143,438.44
143,438.44
501
502
503
510
511
512
513
520
521
530
531
532
533
534
278,740.00
278,740.00
1,514,007.67
1,514,007.67
1,395,885.11
1,395,885.11
540
541
542
543
550
551
570
600
700
6,420.00
3,000.00
3,127.00
1,500.00
2,965.00
167.00
1,674,625.11
160,617.44
118,122.56
278,740.00
278,740.00
1,514,007.67
278,740.00
1,514,007.67
1,395,885.11
118,122.56
1,514,007.67
Club Medica
Statement of Cash Flow
Cash Flows from Operating Activities
Cash received from clients
Payments to suppliers
Payments to employees
Payment for office rent
Payments for utilities
Payments for repairs and maintenance
Payments for other operating expenses
Net cash provided by (used in) operating activities
322,500.00
-3,741.00
-44,529.04
-15,000.00
-1,617.79
-2,965.00
-48,477.50
Cash Flows from Investing Activities

Payments to acquire property and equipment
Net cash provided by (used in) investing activities
-50,583.50
Cash Flows from Financing Activities

Payments to settle payables
Payments for withdrawals of the owner
Net cash provided by (used in) financing activities
-10,556.16
-100,000.00
Net Increse (Decrease) in Cash

Cash balance at the beginning of the period
Cash balance at the end of the period
206,169.67
-50,583.50
-110,556.16
45,030.01
311,343.66
356,373.67
Club Medica
Statement of Comprehensive Income
REVENUES
INTEREST INCOME
Total Revenues
Less: EXPENSES
SALARIES EXPENSE
RENT EXPENSE
UTILITIES EXPENSE
CLEANING EXPENSE
LAUNDRY EXPENSE
LABORATORY EXPENSE
PUBLICATION EXPENSE
TRAVEL EXPENSE
INSURANCE EXPENSE
INTEREST EXPENSE
TOTAL EXPENSES
50,500.00
228,240.00
0.00
278,740.00
51,600.00
2,547.70
637.50
300.00
15,000.00
4,536.83
1,150.00
4,505.00
18,575.50
11,901.00
4,832.00
9,340.00
5,530.00
8,700.00
4,282.91
6,420.00
3,000.00
3,127.00
1,500.00
2,965.00
167.00
160,617.44
118,122.56
PROFIT
DIVISION OF PROFITS
Profit
Partner Daniel (60%)
Partner Dominique (40%)
TOTAL
Salary Allowances
Interest on Beginning Capital Balances (30% per annum)
Profit and Loss Ratio 60:40
Total
118,122.56
63,048.54
55,074.02
118,122.56
Daniel
50,000.00
21,750.00
-8,701.46
63,048.54
Dominique
50,000.00
10,875.00
-5,800.98
55,074.02
Total
100,000.00
32,625.00
-14,502.44
118,122.56
Club Medica
Statement of Changes in Partner's Equity
Daniel, Capital
Dominique, Capital
Capital Balances, July 1, 2009
870,000.00
435,000.00
Add: Additional Investments
0.00
0.00
Balance
870,000.00
435,000.00
Add: Profit
63,048.54
55,074.02
Total
933,048.54
490,074.02
Less: Drawings
50,000.00
50,000.00
Partner's Equity, July 31, 2009
883,048.54
440,074.02
Club Medica
Statement of Financial Position
As of July 31, 2009
ASSETS
CURRENT ASSETS:
Cash
Petty Cash
Interest Receivable
Accounts Receivable
Allowance For Uncollectible Accounts
Medical Supplies
Office Supplies
Prepaid Insurance
Rent Deposit
Utilities Deposit
Total Current Assets
NON-CURRENT ASSETS:
Medical Equipment
Less: Accumulated Depreciation - Medical Equipment
Office Equipment
Less: Accumulated Depreciation - Office Equipment
Furnitures And Fixtures
Less: Accumulated Depreciation - Furnitures And Fixtures
Total Non Current Assets
356,373.67
5,000.00
202,240.00
10,350.00
4,748.00
7,500.00
45,000.00
4,500.00
635,711.67
445,500.00
6,420.00
168,750.00
3,000.00
164,046.00
3,127.00
439,080.00
165,750.00
160,919.00
765,749.00
TOTAL ASSETS
LIABILITIES
CURRENT LIABILITIES:
Notes Payable
Interest Payable
Accounts Payable
Salaries Payable
Sss And Ec Contributions Payable
Philhealth Contributions Payable
1,401,460.67
67,781.95
3,931.00
1,275.00
Pag-Ibig Contributions Payable

Total Current Liabilities
PARTNER'S EQUITY
TOTAL LIABILITIES AND PARTNER'S EQUITY
600.00
4,750.16
78,338.11
883,048.54
440,074.02
1,401,460.67
Club Medica
Post-Closing Trial Balance
July 31, 2009
ACCOUNT TITLES
Cash
Petty Cash
Interest Receivable
Accounts Receivable
Allowance For Uncollectible Accounts
Medical Supplies
Office Supplies
Prepaid Insurance
Rent Deposit
Utilities Deposit
Medical Equipment
Accumulated Depreciation - Medical Equipment
Office Equipment
Accumulated Depreciation - Office Equipment
Furnitures And Fixtures
Accumulated Depreciation - Furnitures And Fixtures
Notes Payable
Interest Payable
Accounts Payable
Salaries Payable
Sss And Ec Contributions Payable
Philhealth Contributions Payable
Pag-Ibig Contributions Payable
TOTAL
DEBIT
CREDIT
356,373.67
5,000.00
202,240.00
10,350.00
4,748.00
7,500.00
45,000.00
4,500.00
445,500.00
6,420.00
168,750.00
3,000.00
164,046.00
3,127.00
67,781.95
3,931.00
1,275.00
600.00
4,750.16
883,048.54
440,074.02
1,414,007.67
1,414,007.67

Club Medica Practice Set - 1

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CASH

PROF. DUES & LICENSES EXPENSE

REPAIRS AND MAINTENANCE EXPENSE

TOTAL (JULY 2009)

PAGIBIG CONTRIBUTIONS PAYABLE

PATIENT SVC. REV

Petty Cash Record

Accu Dep - Med Eq.

Accu Dep - Office Eq.

Accu Dep - Furnitures

Furnitures and Fixtures

Theodore Daniel, Capital

LIABILITIES AND EQUITY

Office Supplies Expense

Depreciation Expense - Medical Equipment

Depreciation Expense - Office Equipment

Depreciation Expense - Furnitures and Fixtures

Theodore Daniel, Withdrawals

1,427,226.16 1,427,226.16 182,604.07 182,604.07 1,514,852.91

SSS AND EC CONTRIBUTIONS EXPENSE

1,662,078.11 1,662,078.11 30,780.00 30,780.00

DED JULY 31, 2009

Cash Flows from Investing Activities

Cash Flows from Financing Activities

Net Increse (Decrease) in Cash

Pag-Ibig Contributions Payable

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