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 ###
17,650.00 Daily Appointment Records 63,250.00
66,250.00 Accounts Receivable (Daily Appt. Rec.) 120 66,250.00
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
Debit Credit Debit Credit Debit Credit
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
Withholding Taxes Payable 224 2,375.08
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
3,300.00 Daily Appointment Records 27,550.00
52,750.00 Accounts Receivable (Daily Appt. Rec.) 120 52,750.00
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
21,650.00 Accounts Receivable (Daily Appt. Rec.) 120 21,650.00
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
Debit Credit Debit Credit Debit Credit
22,264.52 July 31 1441 Salaries Expense 500 25,800.00
SSS and EC Contributions Payable 221 691.65
Philhealth Contributions Payable 222 318.75
Pag-IBIG Contributions Payable 223 150.00
Withholding Taxes Payable 224 2,375.08
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
Philhealth Contributions Payable 222 637.50
Pag-IBIG Contributions Payable 223 300.00
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
34,100.00 Accounts Receivable (Daily Appt. Rec.) 120 34,100.00
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
ON JOURNAL

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
ON JOURNAL
Consultancy
Revenues Patient Service Rev.
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
ON JOURNAL

Consultancy
Revenues Patient Service Rev.
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
Consultancy 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
Patient Service Revenues
Consultancy Revenues
 GENERAL JOURNAL
Date Account Titles and Explanation PR Debit
July 26 Account Receivable 23,950.00
Medical Equipment 7,500.00
Furnitures and Fixtures 8,583.50
Accounts Payable 35,782.91
Theodore Daniel, Withdrawals 50,000.00
Thaddeus Dominique, Withdrawals 50,000.00
Cash
Patient Service Revenues
Consultancy Revenues

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
Philhealth Contributions Payable
Pag-IBIG Contributions Payable
Withholding Taxes Payable
Patient Service Revenues
Consultancy Revenues

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
Date Account Titles and Explanation PR Debit
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
Medical Equipment 450,000.00
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
Philhealth Contributions Payable
Pag - IBIG Contributions Payable
Withholding Taxes Payable
Theodore Daniel, Capital
Thaddeus Dominique, Capital
To record the investment of Daniel and Dominique
 GENERAL JOURNAL
Date Account Titles and Explanation PR Debit
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
Laundry Expense
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

Theodore Daniel, Capital
Thaddeus Dominique, Capital
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
NERAL JOURNAL
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
NERAL JOURNAL
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

NERAL JOURNAL
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
NERAL JOURNAL
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 For the 5th week 2,767.48
31 Petty Cash Expenses 2,017.00

Account: Petty Cash Fund

Date Explanation Post Ref. Debit Credit

2009 July 1 Balance

Account: Interest Receivable

Date Explanation Post Ref. Debit Credit

2009 July

Account: Accounts Receivable

Date Explanation Post Ref. Debit Credit

2009 July 1 Balance

6 For the 1st week 39,410.00
12 For the 2nd week 3,000.00
19 For the 3rd week 25,200.00
26 For the 4th week 23,950.00
31 For the 5th week 100.00

Account: Allowance for Uncollectible Accounts

Date Explanation Post Ref. Debit Credit

2009 July

Account: Medical Supplies

Date Explanation Post Ref. Debit Credit

2009 July 1 Balance

19 Acquired on Cash 1,251.00
 31 Adjustment 11,901.00

Account: Office Supplies

Date Explanation Post Ref. Debit Credit

2009 July 1 Balance

4 Acquired on account 2,080.00
31 Adjustment 4,832.00

Account: Prepaid Insurance

Date Explanation Post Ref. Debit Credit

2009 July 1 Balance

31 Adjustment 1,500.00

Account: Medical Equipment

Date Explanation Post Ref. Debit Credit

2009 July 1 Balance

1 Acquired on account 24,000.00
22 Acquired on account 7,500.00

Account: Accumulated Depreciation - Medical Equipment

Date Explanation Post Ref. Debit Credit

2009 July 1 Balance

31 Dep. for July / Adjustment 6,420.00

Account: Office Equipment

Date Explanation Post Ref. Debit Credit

2009 July 1 Balance

16 Acquired on account 30,000.00

Account: Accumulated Depreciation - Office Equipment

Date Explanation Post Ref. Debit Credit

2009 July 1 Balance

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

Date Explanation Post Ref. Debit Credit

2009 July 1 Balance

24 Acquired through cash 8,583.50

Account: Accumulated Depreciation - Furnitures and Fixtures

Date Explanation Post Ref. Debit Credit

2009 July 1 Balance

31 Dep. For July / Adjustment 3,127.00

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

2009 July

Account: Interest Payable

Date Explanation Post Ref. Debit Credit

2009 July

Account: Accounts Payable

Date Explanation Post Ref. Debit Credit

2009 July 1 Balance
6 For the 1st week 26,080.00
13 For the 2nd week 1,282.91
19 For the 3rd week 30,000.00
26 For the 4th week 35,782.91
31 For the 5th week 4,201.95

Account: Salaries Payable

Date Explanation Post Ref. Debit Credit

2009 July

Account: SSS and EC Contributions Payable

Date Explanation Post Ref. Debit Credit

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

Date Explanation Post Ref. Debit Credit

2009 July 1 Balance

10 Paid on cash 1,275.00
15 Payroll activities 318.75
31 Payroll acty. / Employer's Expense 956.25

Account: Pag - IBIG Contributions Payable

Date Explanation Post Ref. Debit Credit

2009 July 1 Balance

10 Paid on cash 600.00
15 Payroll activities 150.00
31 Payroll acty. / Employer's Expense 450.00

Account: Withholding Taxes Payable

Date Explanation Post Ref. Debit Credit

2009 July 1 Balance
10 Paid on Cash 4,750.16
15 Payroll activities 2,375.08
31 Payroll activities 2,375.08

Account: Theodore Daniel, Capital

Date Explanation Post Ref. Debit Credit

2009 July 1 Balance

Account: Theodore Daniel, Withdrawals

Date Explanation Post Ref. Debit Credit

2009 July 23 Personal use 50,000.00

Account: Thaddeus Dominique, Capital

Date Explanation Post Ref. Debit Credit

2009 July 1 Balance

Account: Thaddeus Dominique, Withdrawals

Date Explanation Post Ref. Debit Credit

2009 July 23 Personal use 50,000.00

Account: Income Summary Accounts

Date Explanation Post Ref. Debit Credit

2009 July

Account: Patient Service Revenues

Date Explanation Post Ref. Debit Credit

2009 July 6 Daily Appointment Record 35,590.00

13 Daily Appointment Record 80,900.00
19 Daily Appointment Record 30,850.00
26 Daily Appointment Record 46,500.00
 31 Daily Appointment Record 34,400.00

Account: Consultancy Revenues

Date Explanation Post Ref. Debit Credit

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

Date Explanation Post Ref. Debit Credit

2009 July 15 Payroll activities 25,800.00

31 Payroll activities 25,800.00

Account: SSS and EC Contributions Expense

Date Explanation Post Ref. Debit Credit

2009 July 31 Employer's expense 2,547.70

Account: Philhealth Contributions Expense

Date Explanation Post Ref. Debit Credit

2009 July 31 Employer's Expense 637.50

Account: Pag - IBIG Contributions Expense

Date Explanation Post Ref. Debit Credit

2009 July 31 Employer's expense 300.00

Account: Rent Expense

Date Explanation Post Ref. Debit Credit

2009 July 1 Rent for July 15,000.00

Account: Utilities Expense

Date Explanation Post Ref. Debit Credit

2009 July 11 Telephone bill 1,282.91
18 Water bill 334.88
31 Electric bill 4,201.95

Account: Cleaning Expense

Date Explanation Post Ref. Debit Credit

2009 July 9 Office cleaning for 2 weeks 1,150.00

Account: Laundry Expense

Date Explanation Post Ref. Debit Credit

2009 July 16 To Fast Wash Laundry Service 4,505.00

Account: Laboratory Expense

Date Explanation Post Ref. Debit Credit

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

Date Explanation Post Ref. Debit Credit

2009 July 31 Adjustment 11,901.00

Account: Office Supplies Expense

Date Explanation Post Ref. Debit Credit

2009 July 31 Adjustment 4,832.00

Account: Publications Expense

Date Explanation Post Ref. Debit Credit

2009 July 2 To Direct Marketing Inc. 2,490.00

17 To JEM Medical Publishers 6,850.00

Account: Travel Expense

 Date Explanation Post Ref. Debit Credit

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

Date Explanation Post Ref. Debit Credit

2009 July 4 to the Phil. Medical Assoc. 5,200.00

10 To the Manila Medical Society 3,500.00

Account: Charitable Contributions Expense

Date Explanation Post Ref. Debit Credit

2009 July 3 To Phil. Animal Welfare Society 2,000.00

31 Petty Cash Voucher Expense 1,000.00

Account: Uncollectible Accounts Expense

Date Explanation Post Ref. Debit Credit

2009 July

Account: Depreciation Expense - Medical Equipment

Date Explanation Post Ref. Debit Credit

2009 July 31 Dep. For July / Adjustment 6,420.00

Account: Depreciation Expense - Office Equipment

Date Explanation Post Ref. Debit Credit

2009 July 31 Dep. For July / Adjustment 3,000.00

Account: Depreciation Expense - Furnitures and Fixtures

Date Explanation Post Ref. Debit Credit

2009 July 31 Dep. For July / Adjustment 3,127.00

 Account: Insurance Expense

Date Explanation Post Ref. Debit Credit

2009 July 31 Expired Insurance for July 1,500.00

Account: Repairs and Maintenance Expense

Date Explanation Post Ref. Debit Credit

2009 July 9 Minor repair of X-ray machine 2,965.00

Account: Miscellaneous Expense

Date Explanation Post Ref. Debit Credit

2009 July 31 Petty Cash Voucher Expense 167.00

Account: Interest Income

Date Explanation Post Ref. Debit Credit

2009 July

Account: Interest Expense

Date Explanation Post Ref. Debit Credit

2009 July
GENERAL LEDGER

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 Post Ref.

Explanation 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

Date Post Ref.

Explanation Debit

2009 July
1 Balance
3 Clinical Visit 400.00
17 Collections
22 Medical Treatment 450.00
31 Medical Treatment 4,000.00

Account Name: Barbo, Samuel

Date Post Ref.

Explanation Debit

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

Date Post Ref.

Explanation Debit

2009 July
1 Balance
2 Collections
12 Collections
18 Collections
24 Collections

Account Name: Burgos, Nilo and Family

Date Post Ref.

Explanation Debit

2009 July
1 Balance
4 Collections
17 Clinical Visit and Others on Cash
29 Collections

Account Name: Cardenas, Loida

Date Post Ref.

Explanation Debit

2009 July
1 Balance
1 Others 340.00
11 Clinical Visit 800.00
31 Collections

Account Name: Corpuz, Deogracia

Date Post Ref.

Explanation Debit

2009 July
1 Balance
5 Collections
10 Hospital Visit 300.00
24 Medical Treatment 450.00

Account Name: Daganta, Nelson

Date Post Ref.

Explanation Debit

2009 July
1 Balance
8 Surgical Treatment 9,000.00
12 Hospital Visit 300.00
19 Collections
Account Name: Dal, Virgie

Date Post Ref.

Explanation Debit

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

Date Post Ref.

Explanation Debit

2009 July
1 Balance
8 Hospital Visit and Others 900.00
11 Collections
30 Medical Treatment 3,500.00

Account Name: Del Mundo, Galicano

Date Post Ref.

Explanation Debit

2009 July
5 Medical Treatment on Cash
17 Medical Treatment 450.00
25 Clinical Visit 400.00
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
25 Medical Treatment 1,000.00

Account Name: Dimen, Gloria

Date Post Ref.

Explanation Debit
2009 July
3 Surgical Treatment 14,000.00
4 Hospital Visit 300.00
29 Others 550.00

Account Name: Dondoyano, Moises

Date Post Ref.

Explanation Debit

2009 July
12 Medical Treatment 2,250.00
16 Medical Treatment 2,250.00
25 Collections

Account Name: Dulay, Eugenia

Date Post Ref.

Explanation Debit

2009 July
5 Clinical Visit 400.00
10 Others 350.00
23 Medical Treatment

Account Name: Galang, Teresita

Date Post Ref.

Explanation Debit

2009 July
5 Medical Treatment 450.00
17 Surgical Treatment 7,000.00
19 Hospital Visit 300.00
23 Hospital Visit 300.00
29 Clinical Visit and Medical Treatment 1,100.00

Account Name: Garachico, Lani

Date Post Ref.

Explanation Debit

2009 July
1 Medical Treatment on Cash
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

Date Post Ref.

Explanation Debit

2009 July
1 Balance
11 Collections
18 Clinical Visit 400.00
25 Others 550.00
29 Medical Treatment 450.00

Account Name: Geron, Emerita

Date Post Ref.

Explanation Debit

2009 July
2 Clinical Visit 400.00
4 Collections
15 Medical Treatment on Cash
31 Surgical Treatment 20,000.00

Account Name: Gevera, Esterlina

Date Post Ref.

Explanation Debit

2009 July
1 Hospital Visit 300.00
18 Clinical Visit 400.00
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

2009 July
1 Hospital Visit 300.00
19 Medical Treatment 2,300.00
23 Medical Treatment 2,300.00
Account Name: Matuguinas, Janet

Date Post Ref.

Explanation Debit

2009 July
9 Medical Treatment on Cash
18 Clinical Visit 400.00

Account Name: Medina, Leopoldo

Date Post Ref.

Explanation Debit

2009 July
1 Clinical Visit 400.00
29 Collections

Account Name: Modesto, Emerita

Date Post Ref.

Explanation Debit

2009 July
1 Balance
2 Medical Treatment 2,250.00
26 Collections
26 Medical Treatment and Others 2,000.00

Account Name: Mulles, Nancy and Family

Date Post Ref.

Explanation Debit

2009 July
4 Others 700.00
15 Clinical Visit 400.00
29 Collections

Account Name: Opiso, Felipe

Date Post Ref.

Explanation Debit

2009 July
10 Surgical Treatment on Cash
12 Hospital Visit 300.00
30 Others 600.00

Account Name: Pahilagao, Henly

Date Post Ref.

Explanation Debit

2009 July
8 Medical Treatment on Cash
18 Medical Treatment on Cash

Account Name: Pascua, Luz

 Date Post Ref.
Explanation Debit

2009 July
10 Surgical Treatment 12,000.00
16 Collections

Account Name: Pateno, Dores Marie

Date Post Ref.

Explanation Debit

2009 July
15 Others 600.00
23 Surgical Treatment 10,000.00
23 Hospital Visit 300.00
29 Medical Treatment 1,500.00

Account Name: Peru, Jimmy

Date Post Ref.

Explanation Debit

2009 July
5 Others 850.00
15 Medical Treatment 1,950.00

Account Name: Piator, Gervacio

Date Post Ref.

Explanation Debit

2009 July
15 Clincal Visit 400.00
24 Others 950.00

Account Name: Pido, Alevir

Date Post Ref.

Explanation Debit

2009 July
1 Balance
15 Medical Treatment 450.00
22 Collections

Account Name: Pitular, Violeta

Date Post Ref.

Explanation Debit

2009 July
4 Others on Cash
24 Medical Treatment 3,000.00
30 Others 400.00
Account Name: Pozon, Bartolome

Date Post Ref.

Explanation Debit

2009 July
9 Clincal Visit and Others 1,150.00
12 Surgical Treatment 16,000.00
16 Hospital Visit 300.00

Account Name: Rivadelo, Zenaida

Date Post Ref.

Explanation Debit

2009 July
3 Hospital Visit 300.00
15 Others 800.00
23 Collections

Account Name: Ruiz, Helenita

Date Post Ref.

Explanation Debit

2009 July
5 Others 350.00
10 Clinical Visit 400.00
22 Clinical Visit 400.00

Account Name: Sala, Oison

Date Post Ref.

Explanation Debit

2009 July
1 Balance
16 Surgical Treatment 7,250.00
17 Hospital Visit 300.00
19 Hospital Visit 300.00

Account Name: Seechua, Erlinda

Date Post Ref.

Explanation Debit

2009 July
1 Balance
5 Collections
18 Collections

Account Name: Selisana, Jessica

Date Post Ref.

Explanation Debit
2009 July
1 Balance
10 Clinical Visit 400.00
12 Collections

Account Name: Sorra, Elizabeth

Date Post Ref.

Explanation Debit

2009 July
1 Balance
18 Medical Treatment and Others 900.00
26 Surgical Treatment 17,500.00
31 Hospital Visit and Others 750.00

Account Name: Villon, Maribeth

Date Post Ref.

Explanation Debit

2009 July
4 Others on Cash
23 Surgical Treatment 4,250.00
26 Hospital Visit 300.00

Account Name: Virtudazo, Nanette and Family

Date Post Ref.

Explanation Debit

2009 July
1 Balance
9 Collections
31 Collections

Account Name: Woo, Ramon Jr.

Date Post Ref.

Explanation Debit

2009 July
1 Balance
3 Hospital Visit 300.00
11 Collections
24 Clinical Visit 400.00
25 Medical Treatment 450.00

Account Name: Yacapin, Virginia

Date Post Ref.

Explanation Debit

2009 July
2 Others on Cash
19 Others on Cash

Account Name: Yumol, Edna

 Date Post Ref.
Explanation Debit

2009 July
1 Balance
1 Collections
10 Others 550.00
ENT SUBSIDIARY LEDGER

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 Month Ended July 31, 2009

Trial Balance Adjustments Adjusted Trial Balance Income Statement

No. Account 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
140 Prepaid 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 and 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 Payable 67,781.95 67,781.95
221 SSS and EC Contributions Payable 3,931.00 3,931.00
222 Philhealth Contributions Payable 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
302 Thaddeus Dominique, Capital 435,000.00 435,000.00
303 Thaddeus Dominique, Withdrawals 50,000.00 50,000.00
310 Income Summary
400 Patient Service Revenue 228,240.00 228,240.00 228,240.00
401 Consultancy Revenues 50,500.00 50,500.00 50,500.00
 Balances Carried Forward 1,592,028.17 1,721,865.61 - 30,780.00 1,573,795.17 1,734,412.61 - 278,740.00
Balances Forwarded 1,592,028.17 1,721,865.61 - 30,780.00 1,573,795.17 1,734,412.61 - 278,740.00
500 Salaries Expense 51,600.00 51,600.00 51,600.00
501 SSS and EC contributions Expense 2,547.70 2,547.70 2,547.70
502 Philhealth Contrbutions Expense 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
520 Laboratory Expense 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
533 Professional Dues and License Expense 8,700.00 8,700.00 8,700.00
534 Charitable Contributions Expense 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
550 Insurance Expense 1,500.00 1,500.00 1,500.00
551 Repairs and Maintenance Expense 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
MEDICA
nth Ended July 31, 2009

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
 CLUB MEDICA
ment of Comprehensive Income

he Month Ended July 31, 2009

278,740.00

160,617.44

118,122.56
 CLUB MEDICA

Statement of Changes in Partner's Equity

For the Month Ended July 31, 2009

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
 CLUB MEDICA

ement of Changes in Partner's Equity

or the Month Ended July 31, 2009

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
For the Month Ended July 31, 2009

No. Acct. Titles / Explanation

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

153 Less Accumulated Depreciation 14,250.00

154 Furnitures and Fixtures 176,583.50

155 Less Accumulated Depreciation 15,664.50
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 MEDIC
n Statement of Financial P
009 For the newly - formed Partners

No. Acct. Titles / Explanation

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

165,750.00 153 Less Accumulated Depreciation

154 Furnitures and Fixtures

160,919.00 155 Less Accumulated Depreciation
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

 CLUB MEDICA
Statement of Financial Position
For the newly - formed 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

For the Month Ended July 31, 2009

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
 CLUB MEDICA

Statement of Cash Flows

the Month Ended July 31, 2009

195,613.51

(50,583.50)

(100,000.00)
45,030.01
316,343.66
361,373.67
 PETTY CASH RECORD
For the Month Ended July 31, 2009

Distribution Of Payme
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

PETTY CASH RECORD
For the Month Ended July 31, 2009

Distribution Of Payments
Others
Account Amount

Charitable Contribution 1,000.00

1,000.00
 CLUB MEDICA
Post - Closing Trial Balance
For the Month Ended July 31, 2009

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
CLUB MEDICA
- Closing Trial Balance
Month Ended July 31, 2009

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