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Worth of supplies purchased with cash

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Reference no: EM133233907

Create a journal entry and a T-account entry for each of the following transactions:
$30,000 worth of supplies purchased with cash
$10,000 worth of supplies used to provide clients with goods and services.
Wages due to employees that had been previously recorded as a liability now paid in cash in the amount of $50,000
Bills submitted to insurance companies in the amount of $90,000 for service rendered to patients
Cash payments of $60,000 received for services previously provided and billed
$5,000 worth of additional supplies purchased on account

Reference no: EM133233907

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