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GLENWOOD HOSPITAL BALANCE SHEET FOR DECEMBER 31, 20X1 AND 20X0 12/31/20X1 12/31/20X0 12/31/20X1 12/31/20X0 CURRENT ASSETS LIABILITIES CASH 51000 CURRENT LIABILITIES 40,000 GROSS ACCTS RECEIVABLE
GLENWOOD HOSPITAL BALANCE SHEET FOR DECEMBER 31, 20X1 AND 20X0 12/31/20X1 12/31/20X0 12/31/20X1 12/31/20X0 CURRENT ASSETS LIABILITIES CASH 51000 CURRENT LIABILITIES 40,000 GROSS ACCTS RECEIVABLE (20X0) 68,000 LESS ALLOWANCE FOR BAD DEBT (20X0) -12,000 TOTAL CURRENT LIABILITIES 40,000 GROSS ACCTS RECEIVABLE (20X1) LESS ALLOWANCE FOR BAD DEBT (20X1) -3000 NET ACCT RECEIVABLE 56000 NONCURRENT LIABILITIES 265,000 SUPPLIES 5900 PREPAID EXPENSES 2500 TOTAL NONCURRENT LIABILITIES 265,000 TOTAL CURRENT ASSET 115,400 TOTAL LIABILITIES 305,000 NET ASSETS NONCURRENT ASSETS LONG-TERM INVESMENTS (NET) 330,000 UNRESTRICTED 460,400 PLANT,PROPERTY, AND EQUIPMENT (20X0) 450,000 RESTRICTED 11,300 (LESS ACCUMULATED DEPRECIATION 20X0) -100,000 TRANSFER TO PARENT PLANT,PROPERTY, AND EQUIPMENT (20X1) REVENUES AND GAINS (LESS ACCUMULATED DEPRECIATION 20X1) EXPENSES 18,700 NET PLANT, PROPERTY, AND EQUIPMENT 350,000 TOTAL NONCURRENT ASSETS 680,000 TOTAL NET ASSETS 490,400 TOTAL ASSETS 795,400 TOTAL LIABILITIES AND NET ASSETS 795,400 INSTRUCTIONS FOR BALANCE SHEET. In a separate document I have provided you the completed JOURNAL/LEDGER. Here, I am providing you with the outline for the BALANCE SHEET. In addition, I am entering the figures for ending balances from 12/31/20X0. This came from the BEGINNING BALANCE in ORANGE at the top of the Journal/Ledger. SPECIAL NOTE: Note the color-coding in the second column and how it correlates to the numbers in the fourth column. SEE BELOW. YOU MUST COMPLETE THE ENTIRE 12/31/20X1 NOT JUST THESE COLOR CODED AREA. GROSS ACCTS RECEIVABLE (20X0) 58000 LESS ALLOWANCE FOR BAD DEBT (20X0) -8000 GROSS ACCTS RECEIVABLE (20X1) LESS ALLOWANCE FOR BAD DEBT (20X1) NET ACCT RECEIVABLE 50000 PLANT,PROPERTY, AND EQUIPMENT (20X0) 250000 (LESS ACCUMULATED DEPRECIATION 20X0) -90000 PLANT,PROPERTY, AND EQUIPMENT (20X1) (LESS ACCUMULATED DEPRECIATION 20X1) NET PLANT, PROPERTY, AND EQUIPMENT 160000 In order to complete this portion of your assignment, use the information that I provided you in the JOURNAL/LEDGER to fill in the blanks for 12/31/20X1. (NOTE: THE TOTALS FOR EACH ACCOUNT YOU NEED ARE AT THE BOTTOM OF THE JOURNAL/LEDGER highlighted in BLUE.)
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