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  1. business
  2. accounting
  3. answer it liab = liabilities, med. = medical, re

answer it Liab = Liabilities, Med. = Medical, Rev = Revenue, Sal =...

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Accounting

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Liab = Liabilities, Med. = Medical, Rev = Revenue, Sal = Salaries; Sup. = Supplies.) Events Jan 6 Harrison invested $255,000 in the clinic by dening a bank account in the name of Harrison Medical Clinic 9 Harrison Medical Clinic paid cash for land costing $135,000. There are plans to build a clinic on the land Until then, the business will rent an office 12 The clinic purchased medical supplies for $10,400 on account 15 On January 15 . Harrison Medical Clinic officially opened for business 15-31 During the rest of the month the clinic earned professional fees of $23000 and recerved cash immediately 15-31 The clinic paid cash expenses employee salaries, $5,200 office rent, $3,700, utilities, $420 28 The clinic sold supplies to another clinic at cost for $1,150 31 The clinic paid $5,000 on the account from January 12

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