The values listed after January 1 are the beginning balances

g Oak Street Clinic, a not-for-profit, began 2015 with the following account balances on January 1: Cash Accounts receivable Allowance for doubtful accounts Supplies inventory Equipment Accumulated depreciation Accounts payable Notes payable Net assets $ 70,000 245,000 18,000 24,000 1,500,000 300,000 21,000 500,000 1,000,000 During 2015, the accounting clerk recorded the following transactions: 1. Billed patients for services rendered 2. Purchased medical supplies on $1,700,000 12,000 credit 3. Employee salaries carned 4. Employee salaries paid 5. Annual depreciation on equipment 6. Received a bank loan 712,000 683,000 150,000 250,000 1,124,000 44,000 75,000 10,000 7. Cash collections on patient billings 8. Estimated bad debts for year 9. Made payment on bank loan 10. Used medical supplies in patient care