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Prepare T-accounts

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Problem - Dr. King decided to put up a medical clinic. Below are the transactions for the month of July, 2015. July 4 King invested cash of P1,000,000. 5 Bought Office Equipment at P20,000 paying 25% and the balance on account. Withdrew cash P70,000 for personal use. 15 Rendered medical treatment to Mr. Cua P40,000 on account. 21 Paid secretaries salaries for P6,000. 30 Bought supplies on account P2,000.

 Required -

1. Journalize the transactions.

2. Prepare T-accounts.

3. Prepare the trial balance.

Reference no: EM132703894

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