Dr. Ignacio opened the Skin Care Clinic. The following transactions took place during March 1 5 10 10 12 21 15 Dr. Ignacio made a cash investment of P500,000 to open a clinic at Horizon Plaza. Purchased medical equipment from Riviera Medical Supplies for P90,000. Terms: 50% cash, balance payable in two installments, the first installment due at the end of the month. Purchased supplies for P17,850 and paid cash. Bought office equipment from Delta Equipment for P15,000 on credit. Professional Care Fees of P65,000 represented total fees earned. P15,000 of this are accounts still outstanding from patients Mr. Mateo P6,000 and Ms. Myrasol P9,000. Paid Delta Equipment one half of the outstanding account 19 20 Utility expenses paid, P8,500. 25 Payment of P25,000 were made for: rent, P15,000 and advertising. P10,000. 27 29 30 31 Professional care fees earned and collected amounted to P45,000 including one third of Ms. Myrasol's account. The first installment on the medical equipment bought was paid in cash. Salaries of a nurse and medical intern were paid in cash, P36,000. Supplies used, P13,500. Instruction: 1. Prepare Journal Entries. 2. Prepare the T accounts and footnotes 3. Prepare the trial balance 4. Prepare the 4 basic financial statements