5) Create a journal entry and a T-Account entry for each of the following transactions: a. $30,000 worth of supplies is purchased with cash. b. Wages due to employees that had been previously recorded as a liability are now paid in cash in the amount of $50,000. C. $5,000 worth of additional supplies purchased on account d. $10,000 worth of supplies used to provide clients with goods and services. e. Bills are submitted to insurance companies in the amount of $90,000 for services rendered to patients. f. Cash payments of $60,000 are received for services previously provided and billed. TACCOUNT CASH BILLING DEBIT CREDIT DEBIT CREDIT 0 0 0 0 WAGES SUPPLIES DEBIT CREDIT DEBIT CREDIT 50000 30000 10000 50000 0 40000 0