Client WELL-BODY HOSPITAL FOUNDATION

Subject Worksheet
Year En December 31, 2015
2014
PER AUDIT
Debit (Credit)
CURRENT ASSETS
Cash & Cash Equivalents
Petty Cash
Cash on hand
Cash in bank- BPI
Cash in bank- PNB 118
Cash in bank- LBP
Receivables
Admitted in patient
VMCFA
Medicare
Unpaid accounts
Others
Discharge patients
NOCHP
Suspense account
Allowance for bad debts
Patients
Employees
Others
Advances to Officers & Emp
VKLFI - Meds
VKLFI - CA
VKLFI - Uniform
A/R - Sickness
A/R - Others

Inventories
Medicines
Medical supplies
Laboratory

NON-CURRENT ASSETS
Property and equipment

Transactions

2015
PER BOOKS
Debit (Credit)

Adjustments

2015
PER AUDIT
Debit (Credit)
Per Bank Recon

54,282.00
61,647.00
306,183.95
958,445.26
1,380,558.21

10,772.00
65,718.00
319,895.00
(3,362.00)

10,772.00
54,282.00
127,365.00
626,078.95
955,083.26
1,773,581.21

5,782,785.04
1,774,421.25
1,107,165.64
4,723,024.89
373,720.29
151,475.85
88,280.79

1,535,512.00
107,225.00
905,154.00
19,492.00
171,147.00
-

7,318,297.04
1,881,646.25
2,012,319.64
4,723,024.89
393,212.29
322,622.85
88,280.79

7,318,297.04
1,881,646.25
2,012,319.64
4,723,024.89
393,212.29
322,622.85
88,280.79

(5,819,577.38)
(242,564.92)
(14,002.52)
10,663,258.93

(5,819,577.38)
(242,564.92)
(14,002.52)
10,663,258.93

10,772.00
54,282.00
127,365.00
626,078.95
955,083.26
1,773,581.21

626,079.10
955,083.16
Per Schedule

(5,819,577.38)
(242,564.92)
(14,002.52)
7,924,728.93

136,449.59
55,481.08
38,870.02
18,000.00
248,800.69

(36,164.00)
17,939.00
-

100,285.59
73,420.08
38,870.02
18,000.00
230,575.69

100,285.59
73,420.08
38,870.02
18,000.00
230,575.69

241,436.16
68,829.65
92,713.02
402,978.83

118,322.00
(59,185.00)
158,379.00

359,758.16
9,644.65
251,092.02
620,494.83

359,758.16
9,644.65
251,092.02
620,494.83

Difference

127,365.00
(0.15)
0.10
Difference

1,852,127.42

29,518.83

310,374.93

82,837.36

17,500.00

55,920.08

Office equipment
Electrical
Furniture and fixture
Transportation
Land
Building
Medical equipment
Total
Accum. Depreciation
Office equipment
Electrical
Furniture and fixture
Transportation
Building
Medical equipment
Total
PPE-Net

TOTAL ASSETS

481,271.78
1,170,273.25
143,901.80
338,971.00
500,000.00
5,268,083.97
2,737,204.80
10,639,706.60

113,399.00
65,819.00
-

594,670.78
1,170,273.25
209,720.80
338,971.00
500,000.00
5,268,083.97
2,737,204.80
10,818,924.60

594,670.78
1,170,273.25
209,720.80
338,971.00
500,000.00
5,268,083.97
2,737,204.80
10,818,924.60

(235,026.28)
(386,713.57)
(131,222.95)
(280,864.76)
(3,017,531.26)
(2,016,950.06)
(6,068,308.88)

(15,745.00)
(18,237.00)
(17,498.00)
(16,246.00)
(71,560.00)
(32,211.00)

(250,771.28)
(404,950.57)
(148,720.95)
(297,110.76)
(3,089,091.26)
(2,049,161.06)
(6,239,805.88)

(250,771.28)
(404,950.57)
(148,720.95)
(297,110.76)
(3,089,091.26)
(2,049,161.06)
(6,239,805.88)

4,571,397.72

4,579,118.72

4,579,118.72

14,528,464.38

17,867,029.38

17,867,029.38

LIABILITIES & EQUITY

A/P Suppliers
Loans
Mr. Mayor
Mrs. Secretary
Mrs. Treasurer

(13,833.40)
(61,827.62)
(75,661.02)

(915.00)
22,343.00
-

(13,833.40)
(915.00)
(39,484.62)
(54,233.02)

(13,833.40)
(915.00)
(39,484.62)
(54,233.02)

Accrued expenses
Withholding tax payable

(30,120.21)
(15,389.34)
(45,509.55)

(6,852.00)
-

(36,972.21)
(15,389.34)
(52,361.55)

(36,972.21)
(15,389.34)
(52,361.55)

(106,594.57)

(106,594.57)

(3,167,678.17)
(7,278,709.94)
(7,676,001.49)

(3,167,678.17)
(7,278,709.94)
(7,676,001.49)

TOTAL LIABILITIES

FUND BALANCE
Net (Income) loss
Donated capital
Retained Earnings

(121,170.57)

547,417.62
(7,278,709.94)
(7,676,001.49)

Total

(14,407,293.81)

(18,122,389.60)

(18,122,389.60)

TOTAL LIAB & EQUITY

(14,528,464.38)
-

(18,228,984.17)
(361,954.79)

(18,228,984.17)
(361,954.79)

RE, per FS
difference
REVENUES
Room and Board
E.R Others
Medical supplies
Prof. fees
Pharmacy
Laboratory
Consultation
Other income (Discount)
Donation
Total-income
COST OF SERVICES
Medicines
Medical Supplies
Laboratory
Beg. inventory
End. inventory
Interest expemse
Salaries and wages
Transportation
Repairs and maintenance
Fuel and Oil
Hospital and Office
Meals
Light and water
Professional fees
Employees benefits
Taxes & licenses
Seminar expenses
Outreach program
Representation and entertainment
Insurance expense
Telephone
Doubtful account
Depreciation

(1,654,466.41)
(1,311,388.04)
(1,578,743.20)
(2,523,878.00)
(4,236,944.18)
(1,965,547.00)
(1,351,518.80)
(14,622,485.63)

(2,122,175.00)
(1,069,236.00)
(1,669,036.00)
(2,675,299.00)
(4,939,661.00)
(2,628,908.00)
(1,865,070.00)
540,268.00
(2,187,000.00)

(2,122,175.00)
(1,069,236.00)
(1,669,036.00)
(2,675,299.00)
(4,939,661.00)
(2,628,908.00)
(1,865,070.00)
540,268.00
(2,187,000.00)
(18,616,117.00)

(2,122,175.00)
(1,069,236.00)
(1,669,036.00)
(2,675,299.00)
(4,939,661.00)
(2,628,908.00)
(1,865,070.00)
540,268.00
(2,187,000.00)
(18,616,117.00)

2,579,554.34
1,315,477.53
557,743.05
882,825.64
(402,978.83)
5,988,310.38
81,178.00
350,432.40
79,790.00
274,854.72
367,130.00
680,872.66
1,141,400.00
350,605.11
51,185.38
3,500.00
7,450.00
146,152.10
33,887.85
28,352.93
278,968.63
171,496.99

2,528,046.00
1,107,810.00
667,031.00
11,068.00
7,535,443.00
101,184.00
250,144.00
69,425.00
272,023.00
448,585.00
709,181.00
104,100.00
458,463.00
69,529.00
52,345.00
125,897.00
133,130.00
34,318.00
44,896.00
194,282.00
171,497.00

2,528,046.00
1,107,810.00
667,031.00
402,978.83
(217,516.00)
11,068.00
7,535,443.00
101,184.00
250,144.00
69,425.00
272,023.00
448,585.00
709,181.00
104,100.00
458,463.00
69,529.00
52,345.00
125,897.00
133,130.00
34,318.00
44,896.00
194,282.00
171,497.00

2,528,046.00
1,107,810.00
667,031.00
402,978.83
(217,516.00)
11,068.00
7,535,443.00
101,184.00
250,144.00
69,425.00
272,023.00
448,585.00
709,181.00
104,100.00
458,463.00
69,529.00
52,345.00
125,897.00
133,130.00
34,318.00
44,896.00
194,282.00
171,497.00

Freight and handling

Miscellaneous exp.

Net income
Provision for income tax
NET INCOME

8,338.00
193,376.37
15,169,903.25

560.00
174,019.00

547,417.62
-

560.00
174,019.00
15,448,438.83

560.00
174,019.00
15,448,438.83

(3,167,678.17)

(3,167,678.17)

547,417.62

(3,167,678.17)
-

(3,167,678.17)

WELL-BODY HOSPITAL FOUNDATION

Summary of Adjustments

2011
1 Donation income
Retained earnings
# to reclassify the account

2 Cash on hand
Cash in bank - PNB
# to set up the cash on hand as of December 31, 2011
3 Suspense account
A/R - Others
Inventories - Laboratory
Petty cash fund
Cash in bank - PNB
Cash in bank - LBP
A/R - VMCFA
A/R - MEDICARE
Advances to employees
Inventories - Medicines
Inventories - Medical supplies
Accounts payable - suppliers
# to reclassify the account to suspenses account (unsupported account)
4 Accounts payable - suppliers
Suspense account
# to offset the double entry of lights and water account (vresco)
5 Suspense account
Accounts payable - suppliers
# to conform the ending balance per ledger of Euro-Med

1,915,786.00

56,823.52

1,757,773.91
65,859.56
31,475.00

127,295.22

60,012.00

6 Suspense account
Allowance for bad debts
# to set up allowance for bad debts

482,961.70

7 Beg. inventory
Medicines
Medical Supplies

192,668.76

8 Medicines
Medical Supplies
Laboratory
Ending inventory

141,824.16
34,534.60
36,396.88

2012
1 A/R - Others

25,167.87

Suspense account
VMCFA
Medicare
#to reclassify the difference of AR
2 Suspense account
VKLFI - CA
#to close the account

194,516.52

24,201.29

3 Retained earnings
Donated capital
#to reclassify the account

136,491.70

4 Beg. inventory
Inventories Medicines
Medical supplies
Laboratory
#to set up beg. inventory

212,755.64

5 Medicines
Medical supplies
Laboratory
Ending inventory
#to set up ending inventory

230,090.87
101,829.85
57,493.60

6 Inventories Medicines
Medical supplies
Laboratory
Suspense account
#to close the account

181,367.22
5,853.83

7 A/P Suppliers
Withholding tax payable
Suspense account
#to close the account

60,080.14
505.95

8 Cash in bank - PNB

Cash on hand
#to record deposits of 2011 on hand

56,823.52

2013
1 Suspense account
A/R Discharge patients
A/R VMCFA
Medicare
Others
NOCHP
Advances to employees

395,674.81
78,456.27

to adjust receivable per schedule

2 Cost of sales- Beggining inventory
Inventories Medicines
Medical supplies
Laboratory
# to set up beginning inventory of 2013
3 Cost of sales Medicines
Medical supplies
Laboratory
Cost of sales - Ending inventory
#to set up ending inventory 2013
4 Donation income
Donated capital
#to reclassify the account
5 Suspense account
Accounts payable - suppliers
#to adjust the payable
6 Prior period adjustments
Suspense account
#to set up prior period adjustments
7 Depreciation
Accummulated depreciation Building and improvements
Medical equipment and instruments
Office equipment
Electrical
Transportation

389,414.32

356,844.25
231,738.30
294,243.09

1,683,000.00

127,297.23

2,751,536.51

473,633.81

2014
1 Income
Miscellaneous expenses
#to correct entry on NOCHP refund to patient - Janaury 3, 2014

1,746.00

2 Accrued expenses
25,130.00
Meals
#to correct entry on patients meals for December 2013 paid in Jan. 2014 re: ck#29643
3 A/R - sickness benefits
Employees benefits
#to reclassify entry on maternity benefits paid in Feb 2014 re: ck29724
4 Repairs and maintenance

18,000.00

1,000.00

Miscellaneous expenses
#to correct entry on deposit refund for PHIC patient re: April 3, 2014 cash expenses
5 Miscellaneous equipment
10,160.00
Hospital supplies
#to capitalized cost of 1 unit washing machine re: ck#29926 dated June 17, 2014
6 Electrical equipment
Repairs and maintenance
#to recllassify entry on labor and materials for generator set
7 Office supplies
Repairs and maintenance
#to reclassify entry on payment of supplies taken from hardy marketing
8 Professional fees
Salaries and wages
#to reclassify the doctors fee
9 Cost of sales- Beggining inventory
Inventories Medicines
Medical supplies
Laboratory
# to set up beginning inventory of 2014
10 Cost of sales Medicines
Medical supplies
Laboratory
Cost of sales - Ending inventory
#to set up ending inventory 2014
11 Depreciation
Accummulated depreciation Office equipment
Electrical
Furniture and fixture
Transportation
Building
Medical equipment
#to record additional depreciation for the year
12 Inventories Medicines
Medical supplies
Laboratory
Suspense account
13 Discharge patients
NOCHP
VKLFI - Meds

12,395.00

2,045.00

1,122,000.00

882,825.64

241,436.16
68,829.65
92,713.02

478,335.23

84,897.92
168,977.21

320,600.96
738.32

Suspense account
A/R VMCFA
Medicare
Others
14 Cash in bank- landbank
Cash on hand
Suspense account
Cash in bank- PNB 118

89,490.12
54,282.00
366,364.56

15 Donated capital
Depreciation
#to reclassify the depreciation of building and medical equipment
191,843.88 and 241,509.88 respectively

433,353.76

17,447,748.45

Provision for income tax

income tax payable

1,091,436.97

Provision for income tax

income tax payable
cwt
prepaid withholding tax
6 To adjust income tax payable to tie up with 1702

1,907,743.97

1,915,786.00

56,823.52

3,000.00
1,056,690.83
6,460.00
396,113.65
359,934.20
16,533.66
10,560.00
5,750.00
66.13

127,295.22

60,012.00

482,961.70

152,384.16
40,284.60

212,755.64

200,082.39
19,602.00

24,201.29

136,491.70

141,824.16
34,534.60
36,396.88

389,414.32

84,201.41
103,019.64

60,586.09

56,823.52

126,417.14
17,259.44
258,984.08
16,163.46
55,306.96

230,090.87
101,829.85
57,493.60

882,825.64

1,683,000.00

127,297.23

2,751,536.51

191,843.88
241,509.88
12,364.19
15,967.35
11,948.51

1,746.00

25,130.00

18,000.00

1,000.00

10,160.00

12,395.00

2,045.00

1,122,000.00

356,844.25
231,738.30
294,243.09

402,978.83

16,211.64
16,294.72
526.60
11,948.51
191,843.88
241,509.88

34,176.41
219,698.72

47,643.96

(4,500.00)
(6,992.04)
(6,252.00)
(5,000.04)
###
###

58,385.05
29,024.40
87,709.88
98,575.99

510,136.68

433,353.76

17,447,748.45
-

1,091,436.97

1,120,740.97
322,430.40
464,572.60

WELL-BODY HOSPITAL FOUNDATION

Daily Collection and expenses

MONTH

CASH SALES

January
February
March
April
May
June
July
August
September
October
November
December

461,684.50
423,788.30
408,540.80
443,581.30
401,892.30
412,126.55
400,761.05
372,170.60
343,073.20
307,220.50
405,810.55
510,328.50

EXPENSES
283,339.88
250,021.49
288,513.73
308,042.87
301,874.89
259,947.35
302,152.56
272,943.37
306,979.73
243,495.28
332,095.17
335,558.44

BALANCE
33,587.86
211,932.48
173,766.81
120,027.07
135,538.43
100,017.41
152,179.20
98,608.49
99,227.23
36,093.47
63,725.22
73,715.38
174,770.06

AMOUNT
DEPOSITED
203,565.00
143,083.00
113,758.00
119,500.00
80,000.00
158,000.00
91,500.00
96,668.00
25,000.00
50,001.93
82,000.00
150,000.00

ISSUED
CHECKS

19,576.00
8,907.00
24,949.50
1,500.00

5,000.00
5,269.30
4,500.00

BALANCE

8,367.48
19,475.29
16,837.36 Remarks: the cash deposited per sales report dated is 3/15/11 but the cash deposited in the bank clear
7,926.29
27,943.70
20,622.90
27,731.39
30,290.62
36,384.09
44,838.08
36,553.46
56,823.52 cash on hand as od 12/31/11

he cash deposited in the bank cleared 3/14/11