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Entries for the Boston Clinic 2020 income statement are listed below. Use the data to prepare a properly formatted income statement. Depreciation expense $110,000 General
Entries for the Boston Clinic 2020 income statement are listed below. Use the data to prepare a properly formatted income statement.
Depreciation expense | $110,000 |
General & Administrative expenses | 84,000 |
Interest expense | 18,500 |
Investment income | 10,200 |
Other operating revenue | 24,600 |
Patient service revenue | 640,400 |
Provision for bad debts | 60,000 |
Purchased clinic services | 120,800 |
Salaries and benefits | 210,000 |
Contributions from donors | 40,000 |
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