Question: Make T-accounts and please explains your answer if that'a possible. XYZ Hospital began operations on July 1, 2020. Listed below are the transactions that took

XYZ Hospital began operations on July 1, 2020. Listed below are the transactions that took place during the month of July. Provide a journal entry for each transaction. You do not have to write in an explanation or an account number, but make sure to write the journal entry with a date and the applicable accounts and amounts in good form utilizing the debit/credit system we did in class. 1. The hospital purchased supplies on account for $2,000 on 7/1/2020. (3 points) 2. The hospital billed patients for $15,000 on 7/15/2020, all attributable towards professional service revenue. (3 points) 3. For transaction #1, construct t-accounts and show the posting process for the applicable accounts. (4 points)
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