prepare, in good form, general journal entries for each of the preceding transactions.

P3.1. Cupfull Hospital completed the following transactions during the month of October 20X1: 1. New equipment was purchased for $16,000 cash. 72 HEMA's Introduction to Hospital Accounting 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: 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)