ehensive Problem Marasigan, upon completing a residency p pr. Nick r dical practice in San Pablo, Laguna. During October 2 rogram at Harvard Medical Center, 2018, the first of operations, the following transactions occurred: Dr. Marasigan transferred P250,000 from his perso a bank account, Dr. Nick Marasigan, M.D. A medical clinic, P1,000,000 and land, P250,000 were ac P50,000 in cash and issuing a 5-year, 20% note payable (interest is paya every 6 months) for the P1,200,000 balance Acquired medical equipment costing P420,000 and medical supplies amounting to P39,000 by paying P59000 cash and issuing a 24% note payable, maturing in 6 months, for the P400,000 balance. Acquired "all-in-one" insurance for a year, P20,000. Received cash from patients amounting to P117,000 Bought medical supplies on account from San Pablo Supply, P17,000. Paid salaries of nurses and office staff, P73,000. Received P90,000 from the Laguna Experimental Drug Center for research to be conducted by Dr. Marasigan over the next 3 months. Billed patients P317,000 for services rendered. Paid P23,000 for repairs to the medical equipment. Paid the telephone bill, P3,000. Bought medical equipment on account from Dr. De Leon, P45,000. Collected P113,000 from patients billed on the 18th. Paid P13,000 on account to San Pablo Supply. Withdrew P200,000 in cash from the medical practice. Paid P15,000 dues to the Laguna Medical Association. nal checking account to 1 quired by paying 1 2 4 7 10 12 18 21 23 24 25 27 30 30 Required; 1. Establish the following accounts and account numbers in a ledger. Account No . Account Accounts Receivable Medical Supplies Prepaid Insurance Land Medical Building Accumulated Depreciation- 110 120 130 140 150Research Revenues 160 Marasigan, Capital Marasigan, Withdrawals Income Summary Medical Revenues 310 320 330 410 Salaries Expense Insurance Expense Repairs Expense Supplies Expense 510 520 530 540 Medical Building Medical Equipment 165 170