Greatville Hospitals pre-adjusted trial balance at December 31, 2011, the end of the hospitals fiscal year, is shown in the accompanying Excel File. The financial statements for 2010, and Moodys high level financial ratios for comparable hospitals, are also included. 1. The hospital paid $1,980 for a one-year insurance premium on July 1, 2011. The cash transaction for this payment was already recorded when the payment was made in July. No adjustment has been made to insurance expense since the original entry because the accountant wanted to wait until year-end.

301 Hospital net assets Revenue & expense 302 summary Routine services 40 revenue Ancillary services 402 revenue 403 Interest income 404 Rental income 4056 Tuition income other operating 406 revenues 501 Contractual adjustments Charity care 502 adjustments Salaries & wages 601 expense 602 Supplies expense 603 Utilities expense 604 Insurance expense 605 Repairs expense 606 Rent expense 607 Depreciation expense 608 Interest expense 609 Bad debt expense 610 other expenses 800 Gain from sake ol inv Preadjusted Trial Balance 12/31 /X1 243.252 169,300 128,025 675 338,550 20,300 28.200 141,200 27,300 15,100 5,100 8,750 2,500 6,500 12/31/11 Adjustments Adjusted Trial Balance 2011 Statement of Operations