Do the journal entries and the worksheet for the following prior to answering the questions: Regent Hospital beginning balances for 12/1/2021 were: $475,000 in equity $400,000 in liabilities $875,000 in assets 1. Paid wages to employees in the amount of $185,000 2. Billed patients for services in the amount of $228,000 3. Used supplies in the amount of $46,000 for patient services 4. Ordered a replacement part in the amount of $16,000 on 12/15/2021 5. Purchased inventory on account in the amount of $78,000 6. Paid $71,500 on a mortgage with $1,500 interest included in that amount. 7. Equipment was depreciated in the amount of $82,000 8. Collected $240,000 on patient accounts For #1 Wases and Salary Expense would bee a journal entry The new Equity total and the beginning balance for the nest period would be: The organization made. a profit or loss over this period Liabilities increased of decreased over this period Yes or No: There is a journal entry for transaction \#4 The new Asset total and the beginning balance for the next period is: For 22 Routine Services Revenue would be a journal entry. T/E: For #7 there i5 a credit joumal entry to Accumulated Depreciation - Equipment account T/F. \#3 is an example of Capitalization in business What is the new Liabilities totaland the beginning balance for the next peried Do the journal entries and the worksheet for the following prior to answering the questions: Regent Hospital beginning balances for 12/1/2021 were: $475,000 in equity $400,000 in liabilities $875,000 in assets 1. Paid wages to employees in the amount of $185,000 2. Billed patients for services in the amount of $228,000 3. Used supplies in the amount of $46,000 for patient services 4. Ordered a replacement part in the amount of $16,000 on 12/15/2021 5. Purchased inventory on account in the amount of $78,000 6. Paid $71,500 on a mortgage with $1,500 interest included in that amount. 7. Equipment was depreciated in the amount of $82,000 8. Collected $240,000 on patient accounts For #1 Wases and Salary Expense would bee a journal entry The new Equity total and the beginning balance for the nest period would be: The organization made. a profit or loss over this period Liabilities increased of decreased over this period Yes or No: There is a journal entry for transaction \#4 The new Asset total and the beginning balance for the next period is: For 22 Routine Services Revenue would be a journal entry. T/E: For #7 there i5 a credit joumal entry to Accumulated Depreciation - Equipment account T/F. \#3 is an example of Capitalization in business What is the new Liabilities totaland the beginning balance for the next peried