Reference no: EM132512336

During 2019 the accounting clerk recorded the following transactions. total columns

1. Staff salaries earned however not paid: $5,500
2. Billed patients for services performed: $3,200,000
3. Recorded annual depreciation on the equipment, $2,000
4. Paid staff weekly salary: $3,500
5. Purchased medical supplies on credit $4,000
6. Was approved for and received monies from a bank loan, $11,000
7. Received from a patient previously billed for services, $650,000
8. Used medical supplies in patient care $1,500
9. Based on past experience, estimated bad debts for the year: $29,000
10. Made the first payment on the loan secured in transaction in (6), $1,000

Prior to these transactions, the accounts had the following balances:

Cash: $85,000;

Accounts receivable: $125,000;

Allowance for doubtful accounts: $9,000;

Supplies inventory: $84,000;

Equipment: $1,200,000;

Accumulated depreciation: $200,000;

Accounts payable: $51,000;

Bank Loan Payable: $290,000;

Question 1: Using the beginning balances in the accounts, how do indicate the effect on the accounts resulting from the transactions, and compute the ending balance in each account. Total columns.