Transactions + Multiple Statements. The following are the financial transactions for Family Home Health Care Center, a not-for-profit, business-oriented organization. Beginning balances at January 1, 20X1 for its assets, liabilities, and net asset accounts were:

List and record each transaction under the accrual basis of accounting. Then develop a balance sheet as of December 31, 20X1 and 20X0, and a statement of operations for the year ended December 31, 20X1.

a. The center purchased $10,000 of supplies on credit.

b. The center provided $150,000 of home health services on credit.

c. The center consumed $5,000 of supplies in the provision of its home health services.

d. The center provided $100,000 of home health services and patients paid for services in cash.

e. The center paid cash for $15,000 of supplies in the provision of its home health services.

f. The center paid $15,000 in cash for supplies previously purchased on credit.
g. A donor established a $10,000 permanent endowment fund (in the form of long-term investments) for the center. (Hint: this transaction increases the permanently restricted net assets account.)
h. The center collected $100,000 from patients for outstanding receivables.
i. The center recognized $50,000 in labor expense.
j. The center paid $50,000 in cash toward its long-term loan.
k. The center purchased $75,000 in small equipment on credit. Amount is due within one year.
l. The center incurred $8,000 in general expenses. The center used cash to pay for the general expenses.
m. The center incurred $2,000 in interest expense for the year. Cash payment of $2,000 was made to the bank.
n. The center made a $1,000 cash transfer to its parent corporation.
o. The center owes its staff wages of $3,000.
p. The center recognized depreciation expenses of $10,000.
q. The center estimated it would not collect $25,000 of the patient accounts receivable.

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Cash $5,000 Accounts Receivable $55,000 Allowance for Uncollectibles $5,000 Supplies $20,000 Long-term Investments $5,000 Properties and Equipment $300,000 Accumulated Depreciation $10,000 Short-term Accounts Payable $20,000 Wages Payable $10,000 Long-term Debt $200,000 Unrestricted Net Assets $135,000 Permanently Restricted Net Assets $5,000