Record each transaction into the T account
Be sure you understand the rule of debits and credits before attempting this template
You do not need Excel formulas for this template
The first one is given as an example
1. Bought an insurance policy for $1,000
	Prepaid Insurance				Cash
	$1,000				$1,000
2. Billed third party for patients who were seen in the month of February $1,400,000.00
3. Patients who paid cash in the month of February $600,000.00
4. Received $324,000.00 from third party for patients who were billed in transaction # 1
5. Purchased a new tachometer and used a credit card to record the purchased $15,000.00
6. Paid half of the bill in transaction above ($15,000.00)
7. Paid wages of $598,000.00 for the week.