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 use in hospital activities. 4. Payments on accounts payable were $34,700. 5. Services rendered to patients during the month were billed as follows: a. Routine services $84,300 b. 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: a. Salaries and wages $82,400 b. Utilities $8,700 c. Insurance $2,900 d. Repairs $1,600 e. 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). Prepare, in good form, general journal entries for each of the preceding transactions.