Do the journal entries and answer the questions

 Which type of journal entry Interest expense would be 

What would be the new Equity total and the beginning balance for the next period  

 Does the organization made a profit or loss over this period?

 Is it possible to have positive assets and still suffer a loss over a time period Liabilities increased or decreased over this time period.

Reagan Hospitals beginning balances for 12/1/2021 were: $400,000 in equity $475,000 in liabilities $875,000 in assets 1. Paid $71,500 on a mortgage with $1.500 interest included in that amount. 2. Paid wages to employees in the amount of $135,000 3. Billed patients for services in the amount of $258,000 4. Ordered a replacement part in the amount of $16,000 on 12/15/2021 5. Used supplies in the amount of $86,000 for patient services 6. Purchased inventory on account in the amount of $98,000 7. Collected $140,000 on patient accounts 8. Equipment was depreciated in the amount of $42,000