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Interpret the following transactions This information is presented in chapter 7 but may require outside...

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Accounting

Interpret the following transactions This information is presented in chapter 7 but may require outside research Dr Cr

1. Patient Receivable $5,000 Patient Revenue $5,000.00 Explanation

2. Cash $10,000.00 Patient Revenue $10,000.00 Explanation

3. Wage Expense $25,000.00 Cash $25,000.00 Explanation $3,500.00

4. Medical Supplies Accounts Payable 43,500.00 Explanation

5. Investments $50,000.00 Cash $50,000.00

6. Intangible Assets $100,000.00 Payable to Broker/Accounts Payable $100,000.00.

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