On July 1, San Jose St. Bonaventure Hospital had the following beginning balances: Assets $820,600 Liabilities...

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On July 1, San Jose St. Bonaventure Hospital had the following beginning balances: Assets $820,600 Liabilities $277,000 Net Asset! $543,600 Transactions completed during the month of July were as follows: 1. The hospital purchased supplies on account. 2. The hospital borrowed money from a bank. 3. The hospital used supplies from inventory to provide patient care. The hospital billed patients for those supplies with a markup. 4. Patients were billed for other services. 5. New equipment was purchased with cash. 6. The hospital collected on accounts receivable. 7. Part of the bank loan was paid off with a disbursement of This payment included interest of: 8. Employees were paid salaries and wages for the current month. 9. The hospital made payment on accounts payable. BB, 7/1: 1 2 3 Required: (1) Prepare a debit and credit analysis of the nine transactions in T-account form, including a closing entry at July 31. (2) Indicate the balance of each account at July 31. Net Assets Revenues Assets Expenses Liabilities 4 5 6 7 check 8 9 Totals Closing Entry: EB, 7/31: Ending Balances for Lincoln Hospital, July 31 S S S Assets: Liabilities: Net Assets: Expenses: Revenues: S $35,400 $60.000 $ $16.500 $44,200 $39,955 $3,800 $46,300 $27,400 $1,900 $46,700 $7,200 On July 1, San Jose St. Bonaventure Hospital had the following beginning balances: Assets $820,600 Liabilities $277,000 Net Asset! $543,600 Transactions completed during the month of July were as follows: 1. The hospital purchased supplies on account. 2. The hospital borrowed money from a bank. 3. The hospital used supplies from inventory to provide patient care. The hospital billed patients for those supplies with a markup. 4. Patients were billed for other services. 5. New equipment was purchased with cash. 6. The hospital collected on accounts receivable. 7. Part of the bank loan was paid off with a disbursement of This payment included interest of: 8. Employees were paid salaries and wages for the current month. 9. The hospital made payment on accounts payable. BB, 7/1: 1 2 3 Required: (1) Prepare a debit and credit analysis of the nine transactions in T-account form, including a closing entry at July 31. (2) Indicate the balance of each account at July 31. Net Assets Revenues Assets Expenses Liabilities 4 5 6 7 check 8 9 Totals Closing Entry: EB, 7/31: Ending Balances for Lincoln Hospital, July 31 S S S Assets: Liabilities: Net Assets: Expenses: Revenues: S $35,400 $60.000 $ $16.500 $44,200 $39,955 $3,800 $46,300 $27,400 $1,900 $46,700 $7,200