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please in the journal entries and t chart for each question ENTRIES TR. NO 1 Vulcan Hospital purchased a new piece of medical equipment for
please in the journal entries and t chart for each question
ENTRIES TR. NO 1 Vulcan Hospital purchased a new piece of medical equipment for $125,000 cash Accounts Debit Credit 2 Vulcan Hospital received a $500,000 donation from Mrs. L.O. The donation has no restrictions. Accounts Debit Credit 3 Vulcan Hospital purchased a 2-year malpractice policy for $200,000 in cash. Accounts Debit Credit 4 Vulcan Hospital purchased a 2-year property insurance policy for $210,000. Accounts Debit Credit 4 Vulcan Hospital purchased a 2-year property insurance policy for $210,000. Accounts Debit Credit 5 Some patients discharged who used $200,000 of inventory and whose insurance company was billed $1, Accounts Debit Credit 6 Cash collections from patient accounts were $1,200,000 Accounts Debit Credit 7 Vulcan Hospital purchased a new CT scan machine for $100,000 in cash and $500,000 on credit Accounts Debit Credit Wages due to employees that had been previously recorded as a liability are now paid in cash in the amount of 8 Accounts Debit Credit 9 At year of end, annual mortgage payment made $120,000 principle, $375,000 interest Accounts Debit Credit 10 End of year adjustment - One year property insuranceused: Accounts Debit Credit 11 End of year adjustment - Malpractice policy insurance used: ENTRIES TR. NO 1 Vulcan Hospital purchased a new piece of medical equipment for $125,000 cash Accounts Debit Credit 2 Vulcan Hospital received a $500,000 donation from Mrs. L.O. The donation has no restrictions. Accounts Debit Credit 3 Vulcan Hospital purchased a 2-year malpractice policy for $200,000 in cash. Accounts Debit Credit 4 Vulcan Hospital purchased a 2-year property insurance policy for $210,000. Accounts Debit Credit 4 Vulcan Hospital purchased a 2-year property insurance policy for $210,000. Accounts Debit Credit 5 Some patients discharged who used $200,000 of inventory and whose insurance company was billed $1, Accounts Debit Credit 6 Cash collections from patient accounts were $1,200,000 Accounts Debit Credit 7 Vulcan Hospital purchased a new CT scan machine for $100,000 in cash and $500,000 on credit Accounts Debit Credit Wages due to employees that had been previously recorded as a liability are now paid in cash in the amount of 8 Accounts Debit Credit 9 At year of end, annual mortgage payment made $120,000 principle, $375,000 interest Accounts Debit Credit 10 End of year adjustment - One year property insuranceused: Accounts Debit Credit 11 End of year adjustment - Malpractice policy insurance used Step by Step Solution
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