1. Paid $500,000.00 for malpractice insurance DR 2. Purchased stock of DDD as an investment $500,000.00 DR 3. Purchased medical supplies of $300,000.00 on account DR 4. Received 4700,000.00 from patients who paid cash DR 5. Received $17,980.00 as income from investments CR CR CR CR DR CR DR CR DR CR DR CR

1. Paid $500,000.00 for malpractice insurance DR 2. Purchased stock of DDD as an investment $500,000.00 DR 3. Purchased medical supplies of $300,000.00 on account DR 4. Received 4700,000.00 from patients who paid cash DR 5. Received $17,980.00 as income from investments CR CR CR CR DR CR DR CR DR CR DR CR

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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