List and record each transaction for S. Zee Outpatient Clinic under the accrual basis of accounting at December 31, 20X1. then develop a balance sheet as of December 31, 20X1, and a statement of operations for the year ended December 31, 20X1.

• The clinic received a $3,000,000 of unrestricted cash contribution from the community. (Hint: this transaction increases the unrestricted net assets account.)
• The clinic purchased $2,000,000 of equipment. The clinic paid cash for the equipment.
• The clinic borrowed $1,000,000 from the bank a long-term basis,
• The clinic purchased $1,500,000 of supplies on credit.
• The clinic provided $5,500,000 services on credit.