Answered step by step
Verified Expert Solution
Question
1 Approved Answer
ACCT596: The following is the pre-closing trial balance for Christina Rehabilitation Hospital as of September 30, 2020. Prepare a balance sheet as of September 30,
ACCT596:
The following is the pre-closing trial balance for Christina Rehabilitation Hospital as of September 30, 2020.
Prepare a balance sheet as of September 30, 2020. The pledges and investments are both long-term. Not included on the trial balance is the fact that $16,500 of bonds will be due in 2021 and must be reclassified on the balance sheet. (Enter your answers in thousands.)
This is what I have correct. Can you please help me solve the rest? Thank you in advance!
Total $2,058,285$2,058,285 CHRISTINA REHABILITATION HOSPITAL Balance Sheet As of September 30, 2020 (000s omitted) \begin{tabular}{|l|l|r|r|} \hline \multicolumn{2}{|c|}{ Liabilities and Net Assets } & & \\ \hline Current Liabilities: & & & \\ \hline Accounts Payable & & & 20,760 \\ \hline Accrued Payables & & & 26,820 \\ \hline Interest Payable & & & 1,100 \\ \hline Current Portion of Bonds Payable & & & \\ \hline & & & \\ \hline Total Current Liabilities & & & \\ \hline Long-term liabilities: & & & \\ \hline & & & \\ \hline Total Long-Term Liabilities & & & \\ \hline Total Liabilities & & & \\ \hline Net Assets: & & & \\ \hline Without Donor Restrictions & & & \\ \hline With Donor Restrictions & & & \\ \hline Total Liabilities and Net Assets & & & \\ \hline & & & \\ \hline \end{tabular}
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started