Journal entries for the following transactions:
1-The clinic purchased a delivery van for $20,000. They paidcash at the time of purchase.
2-The clinic purchased radiology equipment for $55,000. Theypaid $10,000 at the time of purchase and took out a loan for thebalance of the purchase price.
3-The clinic purchased medical supplies on account for $10,000.No cash was expended at that time.
4-The clinic billed $50,000 this month for patient servicesrendered. Please record the revenue for the month in question.
5-The clinic received $35,000 in cash for patient services thismonth. Please record the receipt of this cash.