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Part III Record the following transactions in a T account This problem may require some outside research 1. Paid $500,000.00 for malpractice insurance DR CR
Part III | |||||||
Record the following transactions in a T account | |||||||
This problem may require some outside research | |||||||
1. Paid $500,000.00 for malpractice insurance | |||||||
DR | CR | DR | CR | ||||
2. Purchased stock of DDD as an investment $500,000.00 | |||||||
DR | CR | DR | CR | ||||
3. Purchased medical supplies of $300,000.00 on account | |||||||
DR | CR | DR | CR | ||||
4. Received 4700,000.00 from patients who paid cash | |||||||
DR | CR | DR | CR | ||||
5. Received $17,980.00 as income from investments | |||||||
DR | CR | DR | CR | ||||
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