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1. Recorded revenue from cash patients of $30,000.00 Dr Cr Dr Cr 2. Paid employee wages of $50,000.00 of the current week Dr Cr

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1. Recorded revenue from cash patients of $30,000.00 Dr Cr Dr Cr 2. Paid employee wages of $50,000.00 of the current week Dr Cr Dr 3. Purchased medical supplies on account for $14,000.00 Dr Cr Cr Dr Cr 4. Billed Belus Insurance Company on behalf of patients for services rendered $88,000.00 Dr Cr Dr Cr 5. Belus Insurance Company reimburses $56,000.00 for billings related in the above transaction. Dr Cr Dr Cr

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