A.

Required:

1. Solve for the value of Capital and the total value of debits and credits.

2. Open the T- accounts with beginning balances.

On January 9, 2019, Rochelle Pagdanganan, a recent medical board passer, started her medical practice. A Trial Balance had been prepared for PAGDANGANAN MEDICAL CLINIC as of January 31, 2019 (See Below). DEBIT CREDIT Cash 500,000 Accounts Receivables 12,500 Notes Receivables 65,000 Office Supplies 4,500 Medical Supplies 11,400 Prepaid Insurance 12,000 Medical Equipment 254,000 Office Furniture 125,000 Accounts Payable 25,000 Notes Payable 125,000 Ms. Pagdanganan, ????? Capital Ms. Pagdangnan, 125,000 Drawing Medical Revenue 250,000 Salaries Expense 12,500 Rent Expense 5,000 Advertising Expense 12,000 Laboratory Expense 25,000 Telephone and Internet 1,800 Expense Water Expense 200 Electricity Expense 2,500 Miscellaneous Expense 2,000 TOTALTransactions for the month of February 2019 are given as follows: February 1 10 13 15 16 18 19 21 22 23 24 25 26 27 28 Acquired medical equipment costing P105,000 from Santiago Medical Equipment, paying 30% as down and financing the remainder by issuing a notes payable. Received P18, 450 in cash from patient for the medical services rendered. Billed the client for the medical services rendered, P5,500. Paid Liana Labs for preparing the laboratory work on a patient, P2,500. Ms. Pagdanganan purchased addition medical supplies amounted P22,500 paying only 35% and issued notes for the remaining amount. Rendered services to client amounted P10,100. Client paid the 40% and issued notes for the remaining amount. Received Meralco bill for P3,200, due on March 3, 2020 Paid the salaries of staff for P3,500 and P4,000. Received payment from the client for the billing last February 3. Acquired office supplies from Pandayan Co. Amou nted P 3,500. Ms. Pagdanganan decided to acquired Mirage 64 as company service amounted P720000. Ms. Pagdanganan down 20% of the total amount and issued notes. Paid Insurance premium for the companyr service, P12,000. Ms. Pagdanganan paid 50% of the total notes payable from the Santiago Medical Equipment. Paid Laboratory fee P14,000. Billed patient amounted P30,000. On the same day, ms. wvw Pagdanganan paid miscellaneous expense P2,500. Received P5,000 from the accounts receivable. Billed another client for the medical services, client issued notes, P11,500. Received 50% from the total of notes receivable from the client last February 13. Withdrew P10,000 cash from her personal expense. Staff rendered services amounted P7500 on account. On the same day, paid the following expenses: Advertisement, P4500; Telephone and internet, P1,800; Water, 200 and Maintenance for the service, P5,000