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Month of June 1. Pay nurse salaries of $5,000 2. Purchase supplies for the month of $1,000 3. Collect cash copays of $500 4.
Month of June 1. Pay nurse salaries of $5,000 2. Purchase supplies for the month of $1,000 3. Collect cash copays of $500 4. Pay accounts payable of $2,000 5. Collect payment on aged accounts in A/R $10,000 Fill in the T account to represent the cash transactions listed in the problem above. The first grid should show the transactions and the second should show the debit and credit balance. The final line should show the account balance. Be sure to put the account balance on the correct side to indicate whether this is a debit or credit balance. On the alternate side of the final line enter NA Numerical answers should be shows with a $ and using commas (for example. 1000 dollars should be expressed as $1,000). If the number is less than one thousand, no comma is needed (example, one hundred dollars should be expressed as $100). All answers should be shown in this format with the exception of the single NA entry. Cash Totals and account balance (second line should have a number on one side and NA on the other).
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