Create journal entries for the following transactions:

a. Health Care Organization (HCO) bought inventory and paid $23,000 in cash.

b. HCO bought inventory on account for $34,000.

c. In January 2023, HCO paid $36,000 for insurance that would expire in 3 years.

d. HCO received $34,000 owed to it for services provided and billed last year.

e. HCO discharged a patient and noticed that $40,000 of inventory was used to provide services.

f. HCO discharged a patient and sent her insurance company a bill for $110,000 for the services provided. This amount was the agreed-upon rate and was net of explicit price concessions.

g. HCO pays its employees $4,000 for wages that were owed to them.

h. HCO buys inventory for $100,000, paying $40,000 in cash and the rest on account (credit).

i. HCO paid its annual mortgage payment of $40,000, half of which was for interest and the other half was for the mortgage itself.

j. In December, HCO adjusts the prepaid insurance account for insurance used during the year.