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NATO DOC January 2017 Transactions

The document summarizes the transactions of a clinic owned by Dr. Nato for the month of January 2017. It includes investments in equipment and supplies for the clinic, services provided to patients resulting in cash and account receipts, purchases on account for furniture and medical equipment, payment of salaries and bills, and use of supplies.

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Judy Mar Valdez, CPA
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197 views1 page

NATO DOC January 2017 Transactions

The document summarizes the transactions of a clinic owned by Dr. Nato for the month of January 2017. It includes investments in equipment and supplies for the clinic, services provided to patients resulting in cash and account receipts, purchases on account for furniture and medical equipment, payment of salaries and bills, and use of supplies.

Uploaded by

Judy Mar Valdez, CPA
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

The following are the transactions of NATO DOC for January 2017.

January

3 The doctor invested P 50,000 cash and P 30,000 eye equipment in the clinic.
5 Bought furniture and fixtures costing P 15,000 from Furniture Canvas on account.
10 Bought and paid cash for medical supplies costing P 5,000.
14 A summary of medical services rendered showed: cash patients for eye check-up, P 6,000; on
account patients for surgery done, Miles Pangilinan P 15,000 and Francis Santos P 17,500.
15 Paid the semi-monthly salaries of secretary and the nurse, P 9,500.
16 Dr. Nato bought an eye surgery equipment from Melrose Medical Equipment and issued a note
for P 200,000.
17 Collected in full from Francis Santos while Miles Pangilinan made a partial payment of P 10,000.
18 Dr. Nato withdrew P 750 medical supplies for family use.
20 Sent a bill to Lucia Tan for a monthly check-up of his employees, P 15,000.
22 Partial payment was made to Furniture Canvas in the amount of P 5,000.
24 Summary of cash receipts for eye check-up of various patients, P 12,000.
25 Paid P 50,000 to Melrose Medical Equipment.
28 Dr. Nato charged Mr. John Cojuangco for an eye surgery. He paid P 15,000 in cash and promised
to pay P 15,000 within 10 days.
29 Paid utilities, P 2,000; clinic rental, P 8,000 and semi-monthly salaries.
30 Medical supplies used up, P 3,000.

Required: Journalize the transactions.

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