12. Dr. E. King has the following account balances on August 31, 20- The balances have been listed in no particular order: Cash $35 000; due to suppliers $4000; Equipment $130,000; due from patients $6000; Bank Loan $7000; due from Provincial Health Plan $14 000; Dr. E. King, Capital $176,000; Medical Supplies $2000. a. Open a T-account ledger in the correct order from the balances listed above. b. Record the following September transactions in the ledger. c. Prepare a trial balance. d. Prepare a balance sheet on September 13, 20- Sep. 2 Dr. King invested an additional $50 000 cash in the business to assist in financing a new office. 3 C. Patten, a patient, paid $55 (an amount owed). Bought surgical bandages and other medical supplies from Medical Suppliers, $78 on credit. 5 Returned $43 worth of supplies to Medical Suppliers because they were not the type ordered. 6 Paid $90 to Pharmaceutical Products, a creditor, to reduce the amount owing to them. 7 8 9 Made the regular $200 payment on the bank loan. Received a cheque from the Provincial Health Plan for $11 500. Dr. King located a satisfactory office building for his practice. The property cost $292 000, with the land worth $150 000 and the building worth the remainder ($142 000). A mortgage was secured from TD Canada Trust for $200 000 and the balance was paid in cash. 10 Purchased a new computer and printer from Ace Computers 13 for $4000 cash. 12 Purchased the software necessary for the computer from the same supplier for $2500, on credit. 13 Sold an old printer for $300 cash