Question
Create a balance sheet with the information below: Name of Organization: Springfield Memorial Rehabilitation Center Cash on Hand: $13,280 Owner's Capital: $240,725 Accounts Payable: State
Create a balance sheet with the information below:
Name of Organization: Springfield Memorial Rehabilitation Center
Cash on Hand: $13,280
Owner's Capital: $240,725
Accounts Payable:
State Medical Supplies, Inc. $12,540
Linens N Things $550
All-Med, Co. $1,250
Utilities $1,110
Medi, Inc $5,665
Expenses:
Program Services $11,500
Salaries $137,270
Medical Equipment: $126,355
Other Assets: $15,000
Accounts Receivable:
Patient Accounts $156,275
Social Security Administration $44,110
Property/Land: $437,442
Mortgage: $330,241 (Monthly payment: $8,200)
Investments: $42,525
Contributions and Grants: $64,247
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