Problem 8 Create a simple journal entry (debit/credit) for each of the following transactions: a. Bills are submitted to insurance companies in the amount of $58,000 for services rendered to patients b. $9,700 worth of supplies used in patient care and ancillary services c. Cash payments of $43,000 are received for services previously provided and billed d. $29,800 worth of radiology equipment is purchased with cash e. $19,400 worth of supplies is purchased; $15,400 with credit and $4,000 with cash f. Wages that had been previously recorded as a liability are now paid to employees in cash in the amount of $79,000 Transaction Description Entry Description Debit Credit a. Billed insurance companies for $58,000 of services Dr. Cr. . b. Dr. Cr. Used $9,700 of supplies in patient care and ancillary services C. Dr. Cr. Received $43,000 in cash for services previously billed d. Purchase $29,800 radiology equipment with cash Dr. Cr. e. Dr. Cr. Purchased $19,400 worth of supplies;$15,400 with credit and $4,000 with cash f. Dr. Cr. Paid $79,000 wages payable due for prior months wades