94 HEMA's introduction to Hospital Accounting P4.4 101 The following balances appeared in the general ledger of Deerly Hospital at December 31, 20X2: Acct. No. Cash 104 Accounts receivable 106 Inventory 120 Land 130 Buildings 140 Equipment 201 Accounts payable Notes payable 250 Bonds payable 301 Hospital net assets 302 Revenue and expense summary 401 Routine services revenue 402 Ancillary services revenue Other operating revenues 601 Salaries and wages expense 150,800 602 Supplies expense 38.500 603 Utilities expense 22,100 Insurance expense 4.700 605 Repairs expense 3,200 608 Interest expense 7.900 610 Other expenses 1,800 $ 31,100 89.700 11,200 25,000 240,000 114.000 22,800 28.000 75,000 372,300 -0- 140.700 79.900 21,300 202 406 604 Required: (1) Prepare a general worksheet to develop financial statements for the year ended December 31, 20X2. (2) Prepare, in good form, financial statements for 20X2. (3) Prepare, in general journal form, closing entries for 20X2