9-27. The Hospital for Ending Long-term Prob- lems (HELP) had the following financial events during the year: 1. Collected $250,000 in cash that it had billed to the federal government under Medicare. The money had been earned in the prior fiscal year and was recorded as revenue then. 2. Paid back $100,000 it borrowed at the end of last year on a line of credit. The bank did not charge interest. 3. Bought $25,000 in supplies to treat patients. HELP paid the supplier for all the supplies with cash. 4. Belongs to the state hospital associ- ation, and its membership is current (meaning it is paid up through the end of the year). HELP receives an invoice for $75,000 for next year's fees but has not paid it yet. 5. Replaced many of the patient exam- ination tables. They cost $50,000, and HELP put $10,000 down in cash. The rest is still owed. 6. Paid $65,000 it owed employees from last year. Employees had earned this last fiscal year, and it was recorded as an expense then. Show the impact of these transactions on the fundamental equation of accounting (Optional: Show journal entries using deb- its and credits. See Appendix 9-A.) 9-28. HELP started the year with the following account balances (shown in alphabetical order): $300,000 135,000 0 70,000 100,000 Accounts Receivable Cash Accounts Payable Equipment Line of Credit Permanently Restricted Net Assets Supplies Temporarily Restricted Net Assets Unrestricted Net Assets Wages Payable 167,000 7,000 50,000 125,000 70,000 Record these opening balances and the transactions from Problem 9-27 in a work- sheet similar to Exhibit 9-4