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Below is a list of accounts for Currie Hospital for December 2018 (annual amounts). Prepare a statement of operations for 2018 in good form. Account
Below is a list of accounts for Currie Hospital for December 2018 (annual amounts). Prepare a statement of operations for 2018 in good form.
Account |
| Amount |
Administrative expenses |
| $80,000 |
Net assets released from temporarily restricted accounts for operations |
|
120,000 |
Labor expense |
| 260,000 |
Interest expense |
| 12,000 |
Net patient service revenue |
| 840,000 |
Supply expense |
| 88,000 |
Transfer to parent corporation |
| 10,000 |
Bad debt expense |
| 40,000 |
Depreciation expense
|
| 50,000 |
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