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Assignment No. 1-Double Entry System docx - On March 1,...

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On March 1, 2013, Theodore Calaguas, M.D. established the Calaguas Sports Rehab Clinic. Transactions completed during the month of March are as follows:a.Calaguas Deposited P 250,000 in a bank account in the name of the business.b.Paid rent for the month, P 11,000c.Bought supplies on account from Shaw Company, P 11,700.d.Bought professional equipment on account from Rizal Company, P 58,000e.Bought office equipment on account from Marikina Company, P 8,640.f.Performed professional services for cash, P 48,200g.Settled a portion of the accounts with Rizal Company, P 18,500h.Received and paid the bill for utilities expense, P 3,820i.Paid salaries of assistants, P 11,500
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Term
Summer
Professor
NoProfessor
Tags
Generally Accepted Accounting Principles, month of March, Theodore Calaguas

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