College of Business Administration

Accounting Information System

Closing Procedures, Billing Patients, Purchases, Employees Using Peachtree

Student Name______________________________________ BSA/BSAT 4___ September ____, 2018

Comprehensive Problem (Modified from 2015 Basic Accounting by Ballada)

Objectives
1. Perform back up of data. (Bring USB for actual demonstration.) Store back up in USB and in
another directory (as historical data).
2. Perform closing procedures (on current data).
3. Create vendors.
4. Create inventories.
5. Create customers and their beginning balances.
6. Create employees.

To do:
1. Back up the data before performing closing procedures
2. Perform year-end procedures including changing to new fiscal year and purging of old data
3. Create 10 customers to support the December 31, 2017 accounts receivable balance as follows:
a. Nov 19 P 10,000 f. Dec 18 P 25,000
b. Nov 19 20,000 g. Dec 18 28,000
c. Nov 19 30,000 h. Dec 18 17,000
d. Nov 19 40,000 i. Dec 18 50,000
e. Dec 18 10,000 j. Dec 18 80,000
4. Create 2 vendors to support the December 31, 2017 accounts payable balance
5. Create 7 employees with corresponding monthly salaries:
Office staff 1 P15,000 Nurse 1 P18,000
Office staff 2 15,000 Nurse 2 18,000
Production staff 1 12,000 Nurse 3 25,000
Production staff 2 12,000
6. Recording January 2018 transactions:

Jan 04 Bought medical supplies on account from San Pablo Supply, P70,000.
04 Received cash from patients amounting to P131,000.
08 Paid salaries of nurses and office staffs, P45,500 for period Dec 26 to Jan 10, 2018.
11 Hired 2 new production staffs
12 Purchased on credit twenty (20) different raw materials from ten (10) different vendors at a total
costs of P350,000.
18 Billed ten (10) new patients totalling P373,000 for services rendered.
25 Collected balances from customers a, b, c, d, e, f, g, and h, and P30,000 from customer j.
25 Paid salaries and wages for the period Jan 11 to 25, 2016.
28 Paid the telephone bill, P3,000.
29 Paid P65,000 on account to San Pablo Supply.
29 Withdrew P150,000 from the medical practice.

Required:
1. Establish the following accounts and account numbers:
Raw Materials
Sales
Wages Expense
2. Record the necessary monthly adjustments, but not limited to the following:
a. Medical supplies on hand at end of January is P4,000.
b. Accrue the salaries and wages for 5 working days. (Use 20 working days per month)
c. Accrue pro-rate one (1) month bonus to all employees to be given on July 1, 2018.
d. Accrue pro-rate thirteenth (13th) month to all employees to be given in 1st week of December, 2018
3. Show subsidiary ledgers agreeing to controlling accounts:
a. Customers ledger on accounts receivable
b. Vendors ledger on accounts payable
c. Items ledger on raw materials
End of quiz. Good Luck!!!