#11 For the 5 transactions below for Hoosier Hospital, for the month of August, show the effect of the transaction on the accounting equation, as depicted in Chapter 2. MAKE SURE you total up your amounts for Assets, Liabilities, and Net Assets. 1. The hospital borrowed $200,000 from a bank. 2. The hospital purchased supplies $18,000 for supplies that were purchased on account. 3. The hospital paid $60,000 of salaries and wages to employees. 4. The hospital issued bonds for $100,000 at face value 5. Services were billed to patients were $16,000 6. The hospital collected $12,000 of billings from transaction #5. Transaction NET ASSETS LIABILITIES $180,000 ASSETS $300,000 Number $120,000 1 2 3 4 5 6 TOTALS 15 points