This assignment will require you to create a journal, several T accounts, and a trial balance as we did in the example problem. You can upload these files in either Word or Excel. Review the example below of Bayshore Radiology Center. Create a journal that records all the transactions described in steps 1 through 10.

1) Investment by owners: 5 radiologists invest $200,000 cash in the business in exchange for $200,000 common stock. 2) Purchase of equipment for cash: purchase of equipment costing $200,000 which is paid in cash. 3) Purchase of supplies on credit: purchase of medical supplies for $20,000 but does not use any of the supplies immediately and the supplier's terms give the center 60 days to pay the bill. 4) Services rendered on credit: assume that Bayshore provides patient services that result in $50,000 in billing to third-party payers. Assume no cash is initially collected. 5) Purchase of advertising on credit: Bayshore receives a bill for $10,000 from the Daily News for advertising its grand opening. but it does not have to pay the newspaper for 30 days. 6) Payment of expenses: Assume that the center paid $50,000 in cash for rent, salaries, and utilities. 7) Recognition of supplies used: Assume that $2,000 worth of supplies inventory was used in providing healthcare services to Bayshore's patients. 8) Payment of accounts payable (advertising bill): Assume that the center paid its $10,000 advertising bill, which was due in 30 days. 9) Payment of accounts payable (supplies bill): On month later, assume that Bayshore paid its $20,000 supplies bill, which decreases cash and accounts payable. 10) Receipt of cash from a third-party pater: Assume that $5,000 is received in payment for patient services rendered from one of Bayshore's third-party payers.

This question is continued from the question above (question 5). Carefully read the instructions above, as they all apply to this question. Complete the trial balance below. Enter the answer on the appropriate side of the trial balance depending on whether it is a debit or credit. The other side would normally be left blank, but please enter NA. For example, cash is a debit balance. The balance should be entered on the debit side, and an NA would be entered on the credit side. The final line should be the grand total for each column.

	Debit Balance	Credit Balance
Cash
Net Fixed Assets
Supplies Inventory
Accounts Receivable
Accounts Payable
Common Stock
Retained Earnings
Totals