Problem #13 Journalizing, Posting and Preparing a Trial Balance On Mar. 1, 2019, Rey Fernan Refozar, a recent medical board topnotcher, started his medical practice. During the month of March, the following transactions were completed: Refozar invested P42,500 personal funds in a new bank account in Mar. 1 the name of Rey Fernan Refozar, M.D. Acquired medical equipment costing P95,000 from Tambilo Medical 2 Equipment, paying P15,000 in cash, and financing the remainder by issuing a P80,000 note payable. Paid rent for the month of March, P7,500. un W Acquired medical supplies from Suiza Medical Supply on account, P15,250. 7 Received P18,450 in cash from patients for medical services rendered this week. 9 Paid Pablo Labs for preparing laboratory work on a patient, P1,800. 12 Paid salaries of medical technician and receptionist, P9,600. 15 Billed patients P51,700 for services rendered. 17 Paid Suiza Medical Supply P3,750 on account. 20 Paid telephone expense, P850. 21 Paid miscellaneous expense, P1,150. 22 Received P27,500 from patients billed on Mar. 15. 23 Acquired additional medical supplies from Suiza Medical Supply on account, P9,100. 25 Paid salaries, P11,200. 26 Billed patients P40,150 for services rendered. 27 Paid Suiza Medical Supply, P6,150 on account. 28 Withdrew P15,000 from the medical practice. Required: 1. Prepare the journal entries for the March transactions. 2. Post the entries to the ledger accounts, using account numbers for cross-reference and using journal page number 1. The following accounts will be needed: Cash (110); Accounts Receivable (120); Medical Supplies (130); Medical Equipment (140); Notes Payable (210); Accounts Payable (220); Refozar, Capital (310); Refozar, Withdrawals (320); Medical Revenues (410); Salaries Expense (510); Rent Expense Expense (550). (520); Laboratory Expense (530); Telephone Expense (540) and Miscellaneous 3. Prepare a trial balance