Questions: Students are requested to solve the following problems. Problem no 1: Dr. Wali Asahraf completed the following transactions in the practice of his profession during May of the current year: May 1. Paid office rent for May th. 1400 2. Purchased X-ray film and other supplies on account th. 680 4. Received cash on account from patient's th.8476 6. Purchased equipment on account th.5100 6. Paid cash to creditors on account th. 4810 8. Sold X-ray film to another doctor at cost, as an accommodation, receiving cash th. 120 10. Paid invoice for laboratory analysis tk.280 11. Paid cash for renewal of property insurance policy th. 560 20. Out of the items of equipment purchased on May 6 one was defective. It was returned with the permission of the supplier who agreed to reduce the account for the amount charged for the item th. 800 26. Paid cash from business bank account for personal and family expenses th. 3500 31. Recorded the cash received in payment of services (on a cash basis) to patients during May th.8350