BalSheet RevExp Assignment Homework Assignment - Chapter 10 Drs. Smith and Jones Physician Group Balance Sheet For the Period Ending June 30, 2019 ASSETS CURRENT ASSETS Cash and Cash Equivalents Patients Accounts Receivable Inventories - Supplies and Drugs 125,000 80.000 10,000 Total Current Assets 215.000 Property, plant and Equipment, Net Buildings Equipment 1.500,000 875,000 Less: Accumulated Depreciation Net Depreciable Assets Land 2.375.000 -580,000 1,795,000 600.000 Property, Plant and Equipment, Net Other Assets 2,395,000 30.000 Total Assets 2.640,000 110,000 240.000 Liabilitles and Capital Current Liabilidies Current Maturities of Long Term Debt Accounts Payable and Accrued Expenses Total Current Liabilities Long Term Debt Less: Current Portion of Long Term Debt Net Long Term Debt 350.000 480,000 - 15.000 465,000 Total Liabilities 815.000 Capital 1.825.000 Total Liabilities and Capital 2.640.000 BalSheet RevExp Assignment Homework Assignment - Chapter 10 Drs. Smith and Jones Physician Group Statement of Revenue and Expense For the Period Ending June 30, 2019 REVENUE Net Patient Service Revenue Other Revenue TOTAL OPERATING REVENUE 1,180,000 0 1,180,000 EXPENSES Nursing and PA Salaries Clerical Salaries Payroll Taxes Employee Benefits Medical Supplies Professional Fees Dues and Publications Janitorial Services Office Supplies Repairs and Maintenance Utilities and telephone Depreciation Interest Other TOTAL EXPENSES 116,650 20,150 8.800 25,000 34,000 4.800 2.000 2,500 2.500 12.000 40,000 5,100 6,000 279,500 INCOME FROM OPERATIONS 900,500 NON-OPERATING GAINS (LOSSES) Interest Income 0 NON OPERATING GAINS, NET 0 NET INCOME 900,500 BalSheet RevExp Assignment Homework Assignment - Chapter 10 The first two tabs of this worksheet have the Statement of Revenue and Expense and the Balance Sheet The accounts listed below can be found on those financial statements. Enter the dollar amounts from those statements on the lines below and which financial statement the numbers came from. Financial Statement Amount Cash Income from Operations Accumulated Depreciation Inventories Current portion of Long term Debt Total Assets Current Liabilities Total Operating Revenue Capital Medical Supplies