Question: Hi I need help on what is the answer for this. I hope that you can help me Problem No. 2: The Family Medical Clinic

Hi I need help on what is the answer for this. I hope that you can help me

Hi I need help on what is the answer for this. I

Problem No. 2: The Family Medical Clinic is owned and operated by Dr. Galing. Dr. Galing has the following assets and Liabilities when he started the clinic on July 1: Cash Php 54,200, Medical Supplies Php. 3,850, medical equipment Php. 75,000, Accounts Payable on Medical Equipment Php. Php. 25,000. His business transactions during July are the following: July a. Received cash from patients for services rendered Php. 40.000 Paid amounts owed for medical equipment Php. 13,000 c. Received cash from account patients Php. 10,090 for medical services of Php. 20,000 d. Paid office rent for the month Php. 15,900 e. Charged patients for services performed Php. 8,025 F. Purchased medical supplies on account Php. 12,450 Received cash from patients for amounts owing Php. 13,000 Paid the following: Salaries Expense Php. 850, Repairs Services Expense Php. 250, Utilities Expense Php. 400 Cost of medical supplies used was Php. 3,980 Dr. Galing withdrew Php. 10,090 in cash from the clinic for personal use a. Use the T account, analyze the above transactions, post and foot the debit and credit side and extract the balances

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