construct the Journal Entry of the transaction: Date/# Account Title Debit Credit Oct-01 Garcia invested P30,000 cash to start his business.     2 Purchased medical Supplies on account, P10,000     2 Paid monthly office rent of P4,000.     3 Recorded P5,000 revenue for service rendered to patients: received cash of P2,000 and sent bills to patients for the remainder.     15 Borrowed P50,000 from the bank, signing a note payable     22 Performed service for patients on account, P3,600     30 Received cash from patients billed on September 3, P2,000     31 Received and paid a utility bill, P200     31 Paid monthly salary to nurses, P3,000     31 Paid interest expense of P200

Quickbooks Online Accounting
3rd Edition
ISBN:9780357391693
Author:Owen
Publisher:Owen
Chapter4: Operating Activities: Sales And Cash Receipts
Section: Chapter Questions
Problem 4.9C
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construct the Journal Entry of the transaction:

Date/# Account Title Debit Credit
Oct-01 Garcia invested P30,000 cash to start his business.    
2 Purchased medical Supplies on account, P10,000    
2 Paid monthly office rent of P4,000.    
3 Recorded P5,000 revenue for service rendered to patients: received cash of P2,000 and sent bills to patients for the remainder.    
15 Borrowed P50,000 from the bank, signing a note payable    
22 Performed service for patients on account, P3,600    
30 Received cash from patients billed on September 3, P2,000    
31 Received and paid a utility bill, P200    
31 Paid monthly salary to nurses, P3,000    
31 Paid interest expense of P200    
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