Dr. Nick Marasigan, M.D.

Worksheet
For the Month Ended October 30, 2019

Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet
No. Account Title Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit
110 Cash 114,000 114,000 114,000
120 Accounts Receivable 204,000 204,000 204,000
130 Medical Supplies 56,000 b. 35,000 21,000 21,000
18,333.3
140 Prepaid Insurance 20,000 a. 1,666.67 3 18,333.33
150 Land 250,000 250,000 250,000
1,000,00 1,000,00
160 Medical Building 0 0 1,000,000
1c
165 Accumulated Depreciation - Medical Building . 5,000 5,000 5,000
170 Medical Equipment 465,000 465,000 465,000
2c
175 Accumulated Depreciation - Medical Equipment . 9,000 9,000 9,000
210 24% Notes Payable 400,000 400,000 400,000
1,200,00 1,200,00
220 20% Notes Payable 0 0 1,200,000
230 Accounts Payable 49,000 49,000 49,000
240 Salaries Payable e. 51,000 51,000 51,000
250 Interest Payable (20%) 1f. 20,000 20,000 20,000
250 Interest Payable (24%) 2f. 8,000 8,000 8,000
260 Unearned Research Revenues 90,000 d. 30,000 60,000 60,000
310 Marasigan, Capital 250,000 250,000 250,000
320 Marasigan, Withdrawals 200,000 200,000 200,000
330 Income Summary
410 Medical Revenues 434,000 434,000 434,000
420 Research Revenues d. 30,000 30,000 30,000
510 Salaries Expense 73,000 e. 51,000 124,000 124,000
520 Insurance Expense a. 1,666.67 1,666.67 1,666.67
530 Repairs Expense 23,000 23,000 23,000
540 Supplies Expense b. 35,000 35,000 35,000
550 Association Dues Expense 15,000 15,000 15,000
560 Telephone Expense 3,000 3,000 3,000
1c
570 Depreciation Expense - Bldg. . 5,000 5,000 5,000
2c
580 Depreciation Expense - Equipt. . 9,000 9,000 9,000
590 Interest Expense (20%) 1f. 20,000 20,000 20,000
590 Interest Expense (24%) 2f. 8,000 8,000 8,000
2,423,00 2,423,00 2,516,00 2,516,00 2,272,333.3
0 0 159,666.67 159,666.67 0 0 243,666.67 464,000 3 2,052,000
220,333.3
Profit 3 220,333.33
2,272,333.3
.464,000 464,000 3 2,272,333.33