1)Create a journal entry and a T-Account for each of the following transactions:

a)$15,000worth of equipment is purchased on credit.

b)$40,000of patient bills from last year are collected in cash.

c)$10,000is received from a managed care company for services to be rendered next year for members

d)$20,000worth of supplies is purchased and paid for in cash.

e)$5,000of accounts payable is paid in cash.

f)$30,000of cash is received from taking out a note with the local bank.

g)$10,000of accounts receivable from last year is received in cash.

$7,000is paid back on the borrowed note.