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Posted on Jul 10, 2024

Assets Cash Accounts Receivable.Net Inventory Prepaid Expense Net Building and Equipment Land Goodwill $ $ $ S $ $ $ S 793,500 500,000 179,860 26,450

Assets Cash Accounts Receivable.Net Inventory Prepaid Expense Net Building and Equipment Land Goodwill $ $ $ S $ $ $ S 793,500 500,000 179,860 26,450 216,890 211,600 317,400 Expenses Salaries and Benefits Medical Supplies and Drugs Insurance Depreciation Interest Provision for Bad Debts Other Operating Expenses $ S $ $ 5,819 10,580 6,000 15,000 526,453 7,000 6.348 69 S Liabilities Accounts Payable Wages Payable S S 650,000 390,000 Mortgage Payable S 305,700 Net Assets Unrestricted Temporarily Restricted Permanently Restricted S $ S 400.000 300,000 200.000 enue Net Patient Services Revenue Premium Revenue S S 300,000 250.000 Land Goodwill $ 211,600 317,400 62 Expenses Salaries and Benefits Medical Supplies and Drugs Insurance Depreciation Interest Provision for Bad Debts Other Operating Expenses S $ $ $ $ $ S $ 5,819 10,580 6,000 15,000 526,453 7,000 6,348 Liabilities Accounts Payable Wages Payable 650,000 390,000 Mortgage Payable S 305,700 Net Assets Unrestricted Temporarily Restricted Permanently Restricted $ 400,000 300,000 200.000 Revenue Net Patient Services Revenue Premium Revenue Other Operating Revenue Unrestricted Contributions A A A 300,000 250.000 7.200 20,000 S 1 Vulcan Hospital purchased a new piece of medical equipment for $150,000 cash 9 Accounts Dash Inventor $150,000 Credit Debit $150 000 11 150 000 Inventory Cash 1150.000 14 5 2 7 Vulcan Hospital received a $750,000 donation from Max EO The donation has no restrictions Line oted Coribucions Accounts Debit Credit 1750.000 Uhrenticted Contribution $750,000 Cash $750,000 Cath $750,000 0 1 3 Vulcan Hospital purchased a 2-war malpractice policy for $100,000 in caskt. Prop de 100,000 Debit 70,000 Accounts Cash Prepaid Expense Credit #100,000 100.000 Pilean Hospital purchase your fue insurance policy for $250,000 PI Dehu 130.000 Accounts Cat Preppene Ced 1250.000 1250.000 5 Some patim discharged who wand $100,000 of it and when company was blod 500.000 AGB 500.000 Deba COCO 100.00 Credo 300.000 Account ry tronne Aich Net point 1100.000 #500 000 6 Ce collection pelin 120.000 Account con 100.000 120.000 About 100.000 7 Vulcan Hospital purchased a CTC machine for $150,000 in cash and $250,00 on credit Debu Ne full 1400.000 150.000 Accounts Recoratie Nedged Cash Credit 1250.000 $400,000.00 150,000 8 Wagas due to low that had only recorded or a liability are now paid in all in the amount of $500,000 30% of mployee'wag mond lan exp. Svetes 150.000 Credit De 1500.000 100.000 1500,000 Accounts Wagorabe Cath de Expenses 1500 DOO $150,000 2 Aranda topt de $100,000 penciple. 5190.000 intern Co Det 1900.000 170.000 1100 000 Crecht 1500.000 Account Cash Morge Payable Inespere 1100.000 $400.000 Bed 150 15 12 We Oweer da of machine what w 100,000 in the year wachtyeen Therapy alor $20,00 Dual Dating eledim he De And Nading more Depre 000 13 $100,00 Licorda Yrallace from the hill in gutelarbeidet Account De Gede DOO bo ADID Instructions Journal Entries Not for Profit ledger income Stad Cost Balance sheet o i Type here to search 10 Endowear the war in saranewed Accounts Prepaid expense hance Expense Debit 150,000 Credit Prepad 150.000 Indon 150 000 150.000 11 End of war adjustment-Malpractice policy isance Red 31 82 Debit Credit Paldienso 50 000 Accounts Prepaid Expense Insurance Expense Incent 150.000 150.000 $50,000 35 ASSETS mound Current Assets Cash Accounts Receivable Net Inventory Prepaid Expense Total Current Assets Amount LIABILITIES & NET ASSETS Liabilities Current liabilities $ 713,500.00 Accounts Payable $ 80,000.00 Wages Payable 229,860.00 Total Current Liabilities $ 476,450,00 Long term liabilities $1.499,810.00 Mortgage Payable Total Long-term liabilities Total Liabilities $ 400,000.00 $ 890,000.00 $1,290,000.00 $ 405,700.00 $ 405,700.00 Fixed Assets Net Building and Equipment Land Total Fixed Assets $ 456,890.00 $ 211,600.00 $ 668,490.00 Ner Assets Unrestricted Temporarily Restricted Permanently Restricted Total Net Assets $ 400,000.00 $ 300,000.00 $ 200,000.00 $ 900,000.00 Goodwill $317.400.00 TOTAL ASSETS $2,485,700.00 TOTAL LIABILITIES & NET ASSETS $2.595,700.00 Instructions Journal Entries Not-for-profit Ledger Income Statement Balance Sheet Casl.