FPT in FABM-1
FPT in FABM-1
FPT in FABM-1
You are tasked with recording the transactions for a dental clinic's first month of operation. Your goal is to journalize each
transaction, post them to the appropriate ledger accounts, and finally, prepare a trial balance to ensure accuracy in your financial
Transactions:
April 1: Paid rent for the office space for the month, ₱25,000.
April 3: Purchased dental equipment on credit from Dental Suppliers Inc., ₱40,000
April 4: Received cash payment from patients for dental services provided, ₱15,000.
April 5: Provided dental services to patients and received cash payments totaling ₱32,000.
April 7: Purchased dental instruments on credit from Dental Equipment Co., ₱12,000.
April 9: Received an invoice from Office Depot for office supplies purchased on April 2, ₱5,000.
April 10: Received an invoice from Dental Suppliers Inc. for the equipment purchased on April 3, ₱40,000.
April 11: Paid for maintenance services for dental equipment, ₱3,500.
April 12: Received cash payment from patients for dental services provided, ₱20,000.
April 13: Paid for professional fees for legal services, ₱6,000.
April 14: Purchased office furniture on credit from Furniture World, ₱25,000.
April 15: Received payments from insurance companies for dental services provided, ₱18,000.
April 16: Received cash payment from patients for dental services provided, ₱18,000.
April 17: Paid for software subscription for clinic management, ₱4,500.
April 18: Received an invoice from Dental Equipment Co. for the instruments purchased on April 7, ₱12,000.
April 19: Paid for training services for clinic staff, ₱10,000.
April 21: Received cash payment from patients for dental services provided, ₱25,000.
April 25: Purchased dental supplies on credit from Dental Suppliers Inc., ₱8,000.
April 30: Withdrew cash from the business for personal use, ₱5,000.
Compile your output in a long white folder and submit it to your teacher no later than May 2, 2024.