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Dr. Nikolai's Medical Clinic Assets: No. Cash Account Receivable Supplies Furniture & Fixture Equipment

The document summarizes the financial statements of Dr. Nikolai's Medical Clinic for January 2020. It includes statements of assets and liabilities, income and expenses, owners equity, financial position, and cash flows. The clinic generated a net income of $69,500 for the month. Total assets were $449,500, including $177,500 in cash. Liabilities included $70,000 in accounts payable and $30,000 in mortgage payable.

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Jeof Reborn
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798 views6 pages

Dr. Nikolai's Medical Clinic Assets: No. Cash Account Receivable Supplies Furniture & Fixture Equipment

The document summarizes the financial statements of Dr. Nikolai's Medical Clinic for January 2020. It includes statements of assets and liabilities, income and expenses, owners equity, financial position, and cash flows. The clinic generated a net income of $69,500 for the month. Total assets were $449,500, including $177,500 in cash. Liabilities included $70,000 in accounts payable and $30,000 in mortgage payable.

Uploaded by

Jeof Reborn
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Dr.

Nikolai's Medical Clinic

Assets
No. Cash Account Receivable Supplies Furniture & Fixture Equipment
1 P 300,000
2 P 100,000
3 ( P 100,000 ) P 100,000
4 P 70,000
5 ( P 25,000 ) P 25,000
6 ( P 20,000 )
7 P 15,000
8 ( P 35,000 )
9 ( P 5,000 ) P 20,000
10 P 75,000
11 ( P 8,000 )
12 ( P 20,000 )
13 P 50,000
14 ( P 15,000 )
15 P 35,000 ( P 35,000 )
16 ( P 3,500 )
17 ( P 6,000 )
18 ( P 70,000 )
19 ( P 30,000 ) P 50,000
20 P 5,000 ( P 5,000 )
21 ( P 18,000)
Balance P 177,500 P 15,000 P 2,000 P 205,000 P 50,000
dical Clinic

Liabilities Capital
Accounts Payable Mortage payable Nikolai, Capital Notation
P 300,000 Initial Investment
P 100,000

( P 70,000 )

( P 20,000 )Nikolai Withdrawal


P 15,000
( P 35,000 )
P 15,000
P 75,000 Service Revenue
( P 8,000 ) Utilities Expense
( P 20,000) Salaries Expense
P 50,000 Service Revenue
( P 15,000 )

( P 3,500 ) Utilities Expense


( P 6,000 ) Transportation Expense
( P 70, 0000 )
P 20,000

( P 18,000 ) Medical Supplies


P 70,000 P 30,000 P 349,500
Dr. Nikolai's Medical Clinic
Statement of Income and Expenses
For the month ended January 31, 2020

Service Revenue P 125,000


Less: operating Expense
Salaries (P 20,000)
Medical Supplies (P 18,000)
Utilities (P 11,500)
Transportation Expense (P6,000)
Total operating Expense P 55,500

Net. Income P69,500


Dr. Nikolai's Medical Clinic
Statement of Owners Equity
For the month ended January 31, 2020

Nicolai Capital, January 1, 2020 P 300,000


Add: Net Income 69,500
Total 369,500
Less: Withdrawal 20,000
Nicolai Capital, January 31, 2020 P 349,500
Dr. Nikolai's Medical Clinic
Statement of Financial Position
For the month ended January 31, 2020
Assets Liabilities and Capital
Cash P 177,500 Accounts Payable P 70,000
Account Receivable 15,000 Mortgage Payable 30,000
Supplies 2,000 Nicolai, Capital 349,500
Furniture & Fixtures 205,000
Equipments 50,000
Total Assets P 449,500 Total Liabilities and Capital P 449,500
Dr. Nikolai's Medical Clinic
Statement of Cash Flow
For the month ended January 31, 2020

Cash Flow from Operation:


Service Revenues P 110,000
Collection of Receivables P 15,000
Purchased of Medical Supplies P (25,000)
Payment of Expenses
Salaries P 20,000
Utilities P 11,500
Transportation P 6,000 (P 37,500) P 82,500

Cash Flow from Investmet Activities:


Purchased of Equipment (P 30,000)
Purchased of Furniture and Fixtures (P155,000) P (185,000)

Cash Flow from Financing Activities:


Investment of the Proprietor P 300,000
Withdrawals of the Proprietor P (20,000) P 280,000

Cash Balance, January 31, 2020 P 177, 500

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