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huntsville hospital completed the following transactions during the month of october 20X1: 1.new equipment was purchased for $16,000 cash 2.supplies were purchased on account for

huntsville hospital completed the following transactions during the month of october 20X1:

1.new equipment was purchased for $16,000 cash

2.supplies were purchased on account for $36,400

3.supplies that had cost $31,200 were issued from inventory for us in hospital activities.

4.payments on accounts payable were $34,700.

5.services rendered to patients during the month were billed as follows:

routine services $84,300

ancillary services $47,900

TOTAL: $132,200

6.collections on patients' accounts totaled $105,750.

7.other revenues collected in cash amounted to $13,600

8.operating expenses were paid as follows:

Salaries and wages: $82,400

utilities: $8,700

insurance: $2,900

repairs: $1,600

other expenses: $7,300

Total: $102,900

9. A short term, 9 percent loan of $15,000 was obtained from a local bank (disregard interest).

-what are all journal entries for Taylor Memorial Hospital?

-the ledger (completed at the main account level) for the hospital?

-what are the ending balances of all real accounts after closing-out the nominal accounts?

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