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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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