column General Journal, record the completed transactions during the first month of its Dr. Jonathan Alegre opened a medical clinic in Kapalong, Davao del Norte. With the use of a two- operation using the given chart of accounts: Journalizing Service Concern Transactions Chart of Accounts Assets Owner's Equity J. Alegre, Capital J. Alegre, Drawing Cash on Hand Accounts Receivable Prepaid Insurance Unused Medical Supplies Furniture & Fixtures Medical Equipment Ambulance Car Income Medical Fees Income Liabilities Accounts Payable Notes Payable Expenses Salaries Expense Taxes and Licenses Utilities Expense Transactions: Aug. 1 Dr. Alegre invested cash amounting to P2,000,000 and a clinic furniture worth P2,500,000 2 - Bought medical equipment on account from Manila Medical Equipment Supply Company amounting to P750,000, paying P200,000 and issued a note for the balance. 4 Bought medical supplies for cash, P100,000 5 - The doctor withdrew for his personal use, P15,000. 7 Medical fees income earned for the week: Cash P50,000 On account 60,000 9 Dr. Alegre made an additional cash investment of P350,000. 11 Full payment of the note issued to Manila Medical Equipment Supply Company, P550,000. 14 Medical fees income earned for the week: Cash P30,000 On account 10,000 27 20 - Bought an ambulance car on account, P1,500,000, paying P850,000 as down 15 - Collected in full the patients' accounts of Aug. 7, P60,000. Bought medical supplies on account from AMESCO, P30,000, payment and issued a promissory note for the balance 18 25 - Paid insurance premium for the ambulance car, P25,000. 28 Medical fees income for two weeks: Cash P40,000 On account 70,000 30 - Paid the following expenses: Taxes & Licenses, P20,000 and Utilities Expense, P40,000. 31 - Paid the note issued for the ambulance car. Purchased medical supplies on account from Mr. Nestor Alegre, P60,000. Paid salaries to hospital employees, P100,000. Date Particulars Debit Credit