12. Dr. M. Pestrin has the following account balances on August 31, 20--. The balances are: Cash $35 000; due to suppliers $4000; Equipment $130 000; due from patients $6000; Bank Loan $7000; due from Provincial Health Plan $14 000; Dr. M. Pestrin, Capital $176 000; Medical Supplies $2000. (a) Open a T-account ledger in the correct order. (b) Record the following September transactions in the ledger, and calculate the new balances. (c) Prepare a trial balance. (d) Prepare a balance sheet dated September 13, 20--. Sep. 2 Dr. Pestrin invested an additional $50 000 cash into the business to assist in financing a new office. 3 C. Pratt, a patient, paid $75 on account (an amount owed). 4__ Bought bandages and other medical supplies from Medical Suppliers, $78 on credit. 5 Returned $43 worth of supplies to Medical Suppliers because they were not the type ordered. 6 Paid $90 to Pharmaceutical Products, a8 creditor, to reduce the amount owing. 7 Made the regular $200 payment on the bank loan. 8 Received a cheque from the Provincial Health Plan for $11 500. 9 Dr. Pestrin located and purchased a satisfactory office build- ing for her practice. The property cost $392 000, with the land portion worth $150 000 and the building worth the remainder of $242 000. A mortgage was secured from TD Canada Trust for $340 000 and the balance was paid in cash. 10 Purchased a new computer and printer from Ace Computers for $2000 cash. 12 Purchased the software necessary for the computer from the same supplier for $2500, on credit. 13 Sold an old printer for $50 cash​
