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Interpret the following transactions Interpret the following transactions Dr Cr $5,000 1. Patient Receivable Patient Revenue $5,000.00 Explanation 2. Cash $10,000.00 Patient Revenue $10,000.00 Explanation

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Interpret the following transactions Dr Cr $5,000 1. Patient Receivable Patient Revenue $5,000.00 Explanation 2. Cash $10,000.00 Patient Revenue $10,000.00 Explanation $25,000.00 3. Wage Expense Cash $25,000.00 Explanation $3,500.00 4. Medical Supplies Accounts Payable 43,500.00 Explanation 5. Investments $50,000.00 Cash $50,000.00 $100,000.00 6. Intangible Assets Payable to Broker/Accounts Payable $100,000.00

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