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I need to list and record each transaction under the accrual basis of accounting. Is this askiing for me to develop T Accounts for each?

I need to list and record each transaction under the accrual basis of accounting. Is this askiing for me to develop T Accounts for each?

a.The center purchased $4,000 of supplies on credit.

b.The center provided $430,000 of home health services on credit.

c.The center consumed $9,000 of supplies in the provision of its home health services.

d.The center provided $250,000 of home health services, and patients paid for services in cash. e.The center paid cash for $5,000 of supplies in the provision of its home health services.

f.The center paid $24,000 in cash for supplies previously purchased on credit.

g.A donor established a $87,000 permanent endowment fund (in the form of long-term investments) for the center. (Hint: this transaction increases the permanently restricted net assets account.)

h.The center collected $250,000 from patients for outstanding receivables.

i.The center paid $300,000 in cash toward labor expense.

j.The center paid $90,000 in cash toward its long-term loan.

k.The center purchased $35,000 in small equipment on credit. The amount is due within one year.

l.The center incurred $40,000 in general expenses. The center used cash to pay for the general expenses.

m.The center incurred $8,000 in interest expense for the year. A cash payment of $8,000 was made to the bank.

n.The center made a $9,000 cash transfer to its parent corporation.

o.The center recognized labor expense of $4,500 but does not incur a cash payment.

p.The center recognized depreciation expenses of $20,000.

q.The center estimated it would not collect $85,000 of the patient accounts receivable, and established a provision for bad debt.

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