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An ADMA Biologics plasma center collects approximately 30,000 to 50,000 liters of plasma annually, which may be used to manufacture medical products, sold to other

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An ADMA Biologics plasma center collects approximately 30,000 to 50,000 liters of plasma annually, which may be used to manufacture medical products, sold to other pharmaceutical companies, or sold in an open "spot" market. Present journal entries, if any, for ADMA Biologics to record the following transactions. (To the extent that you can, use the account names that are listed on the financial statements of ADMA in your journal entries.) a. A person gives blood plasma at an ADMA Biologics plasma center and receives $50. b. ADMA Biologics tests, processes, and stores the plasma incurring a cash cost of $100. c. ADMA Biologics uses the processed plasma with a cost of $150 for its research and development purposes. d. Another person gives plasma at ADMA Biologics. The company sells the processed plasma with a cost of $150 to another pharmaceutical company on account for $250

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