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Zebra Hospital Assignment On August 31, Zebra Hospital had assets of $800,000, liabilities of $500,000, and net assets of $300,000. During September, the following transactions

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Zebra Hospital Assignment On August 31, Zebra Hospital had assets of $800,000, liabilities of $500,000, and net assets of $300,000. During September, the following transactions were completed: 1. 2. 3. 4. 5. 6. Borrowed $75,000 from a local bank Repaid $25,000 of the bank loan, plus $750 interest for the month of September Provided $186,000 of services to patients' accounts Collected $193,000 on patients' accounts Other September expenses paid in cash, $184,000 Purchased equipment for $15,000 cash Analyze each transaction by creating the appropriate T accounts. After all entries have been posted, demonstrate how Debits - Credits as well as how the accounts balance each other appropriately. Finally, did we make any money this month

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