Question: Please answer the following: Part 1 June 2 Dr. Thea Caro invested P1,000,000 in the dental clinic. This was deposited with Union Bank June 3
Please answer the following:


Part 1 June 2 Dr. Thea Caro invested P1,000,000 in the dental clinic. This was deposited with Union Bank June 3 Total payments for dental equipment amounted to P600,000 and furniture amounted to P50,000 June 4 Received from Judy Santos P7,000 cash fees for dental services June 5 On this day, serviced patient Jovita Tan. Gave her a bill for P5,000. She made a promise to pay on June 15 June 6 Received check from patient Lily Go for P4,000 for dental services. June 15 Collected from Jovita Tan P5,000 June 18 Received P8,000 from patient Ria and Gilda Bello for dental servicing June 20 Patient Irma Zulueta promised to pay P30,000 before end of month for orthodontic services. June 29 Collected P30,000 from Irma Zulueta Instructions: 1. Identify the accounts to be debited and to be credited. 2. Identify the business documents for each transactionPart 2 Group the following income statement accounts into: R for Revenue CS for Cost of Service SAE for Selling and Administrative Expenses ORE for Other Revenue and Expenses 1. Lab Service Income _2. Medtech Salaries 3. Laboratory Supplies 4. Sales Commission 5. Taxes and Licenses 6. Lab Rent Expense 7. Interest Expense 8. Ofce Supplies Expense 9. Pathologist Fee 10. Admin Salaries
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