Practice Exercise 2-1. Recording in T-Accounts Dr. Erika Vivar opened a general medical clinic registered with D under the name: VIVAR Medical Clinic. During the first month, January, she completed the following orsactions a. Began business by investing cash of P30.000. various medical equipment valued at P140.000. furniture and fixtures worth P120.000 and various medical tools worth P12000 b. Paid business permits and other licenses with the City govemment P2.300. c. Paid the rent for the month for the medical clinic space, P4,000 d. Bought additional medical tools from JDC Medical institute (JDCM on credit P25.000 e. Bought various medical supples for cash, P6.800. f. Received P4,000 from Mr. Andrei for medical services rendered. g. Purchased a second-hand medical equipment for cash, P18.000. h. Rendered medical services to employees of Saint Luke University (SLU) for their annual medical e check-up a Amount receivable within 30 days, P18,000. L Paid the telephone and internet bill for the month. P1.520 ents for medical services rendered. P24.000 Received cash from various patients fo k. Paid half of the amount due to JDC Medical Institute. Received P5.000 from University of La Trinidad (ULT) for annual medical check-up of its employees to be rendered next month, m. Received 25% of the bilings made to Saint Luke University n. It was ascertained that 80% of the medical supplies purchased has been used to date o. Other expenses paid during the month, P700. REQUIRED: Record the transactions in the given T-accounts, Identify the recorded transactions by means of their comesponding letters. Answer of transaction a was provided as an example CASH a 30,000 Accounts Payable-DCM Accounts Receivable-SLU Medical Supples Uneamed Service Revenue-ULT Vivor-Conta a 302.000 Professional Fees Medical Equipment Business Taxes and Licenses a 140.000 Medical Tools a 12.000 Rent Expense Communications Expense Fumiture and Fidures 120.000 Salary Expense Viver, Drawing Supplies Expense Furniture and Fixtures Other Expenses 25