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From the data below prepare an income statement and a balance sheet in good form for Alpha Company. Alpha Company Trial Balance December 31, 2008
From the data below prepare an income statement and a balance sheet in good form for Alpha Company. Alpha Company Trial Balance December 31, 2008 Debits Credits Cash and Cash Equivalents $ 2,500 Net Patient Receivables 1,800 Prepaid Expenses 300 Gross Property, Plant & Equipment 6,000 Accumulated Depreciation $ 1,200 Construction in process 600 Accounts Payable 1,400 Salaries Payable 500 Bonds Payable 100 Net Assets ? Net Patient Revenues 7,000 Other Revenue 500 Nursing Services 3,000 Administrative Services 900 Other Expenses 2,000
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