during the month of December 20X1: Required: Journalize the eight transactions from December 20X1. Answer Explanations Accounts Debit Credit 1. Supplies that had cost $5,000 were issued from inventory for use in hospital activities. 2. Purchases of supplies on account amounted to $4,725. Transaction 3. Cash collections on patients' accounts (from prior months) totaled $40,850 1) 4. Other revenues received in cash totaled $2,010 5. Payments on accounts payable totaled $3,810 2) 6. Services billed to patients were as follows: Routine services $ 15,808 Ancillary services $ 4,892 3) Total $ 20,700 $3,000 of these services were paid in cash. 4) 7. Interest incurred on bonds amounted to $850. This amount was not yet paid. 8. Cash Payments of current months operating expenses included the following: 5) $ $ 6) Salaries and wages Utilities Insurance Repairs Other expenses Total 15,550 610 845 440 65 17,510 $ $ $ 7) 8)