Question: need help with this long question Do the journal entries and the worksheet for the following prior to answering the questions: Regent Hospital beginning balances

Do the journal entries and the worksheet for the following prior to answering the questions: Regent Hospital beginning balances for 12/1/2021 were: $475,000 in equity $400,000 in liabilities $875,000 in assets 1. Paid wages to employees in the amount of $185,000 2. Billed patients for services in the amount of $228,000 3. Used supplies in the amount of $46,000 for patient services 4. Ordered a replacement part in the amount of $16,000 on 12/15/2021 5. Purchased inventory on account in the amount of $78,000 6. Paid $71,500 on a mortgage with $1,500 interest included in that amount. 7. Equipment was depreciated in the amount of $82,000 8. Collected $240,000 on patient accounts The new Asset total and the beginning balance for the next period is: Decreased [unoose] For #2 Routine Services Revenue would be a journal entry T/F: For \#7 there is a credit journal entry to Accumulated Depreciation - Equipment account T/F : \#3 is an example of Capitalization in business What is the new Liabilities total and the beginning balance for the next period
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