The following transactions took place in the company of Kim named "Mr. Queen Medical Services" during the monthof August, 2021

4 The company invested additional cash investment amounting to P 850,000 and Medical Equipment worth P526,500 in the business.

7 Rendered medical services to patients, P 358,730, 20% in cash, 30% secured by a promissory note and thebalance on account.

10 Purchased Office Supplies, 55,800, 45% down payment and the balance on credit.

12 Kim Purchased Medical Equipment Worth P 68,446 from Cheorin, 54% down payment and balance to be paidwithin 11 days.

16 Kim made cash withdrawals for the month of August amounting to 50% of the ending cash balance as of August15.

18 Rendered medical services to Jung in the amount of P 174,950, receiving P 87,882 as first payment, 30% of thebalance on account and the remaining secured by a note.

21 Kim rendered medical services to KM for his illness on account and it was agreed upon that the latter will pay P45,000.

24 Purchased additional medical chairs to be used by patients, P 44,881, terms: on account 15 days 30 Paid Salaries of 4 medical staff (daily salary of P 420 per day)

a.) Staff 1= worked for 20 days

b.) Staff 2= worked for 19 days

c.) Staff 3 = who worked for 22 days but deducted 2 days because of not logging in.

d.) Staff 4- who worked for 10 days and Kim gave her additional 3 days payment.

30 Received bills from various utility companies with the following consumptions:

a.) Water- 152 cubic meter (P 18.50/ cubic meter)

b.) Electricity- 752 kw/hour (P 11.55/ kw/hr)

c.) Telephone- P 3,500

Use the following account titles: 111 Cash, 112 Accounts Receivable, 113 Notes Receivable, 114 OfficeSupplies, 211 Medical Equipment, 212 Medical Furnitures and Fixtures, 311 Accounts Payable, 511 Kim,Capital, 512 Kim, Drawing, 611 Medical Income, 711 Salaries Expense, 712 Utilities Expense

ACCTG 101 1 | P a g e

Note: All answers will be rounded off to the whole number per transaction date. Required:

1. Prepare Journal Entries

2. Post the transactions to the ledger'

3. Prepare Unadjusted Trial Balance