Would there be a Journal entry for \#4? For \#1 interest expense would be a debit or credit entry? Asset balance over the month increased or decreased? White clinic has an additional amount of hov many $ in Assets over this period? White clinic made a profit or loss after all transactions? For \#7 there would be a debit or credit to Accounts Receivable Liabilities increased by $10,000 over this reporting period White made a Profit after all transactions The Asset balance after all transactions and the new starting figure for the next period is: The new Equity balance after all transactions and the new starting figure for next period is [ Choose ] True False No $130,000 $305,000 $455,000 Yes Debit $490,000 Profit Credit Loss Decreased $730,000. Increased On 12/1/2021 White Clinic had the following balances: Equity of $350,000 Assets of $600,000 Liabilities of $250,000 The following transactions occurred in December: 1. Paid $85,000 on a mortgage with $15,000 of this being interest. 2. Paid wages of $65,000. 3. Billed patients for services in the amount of $250,000. 4. Placed an order for a new MRI machine in the amount of $550,000. 5. Used supplies in the amount of $30,000 for patient services. 6. Purchased supplies on account in the amount of $60,000. 7. Received funds in the amount of $205,000 from BCBS for previously billed patients