Question
High Hills Hospital documents the following information related to its financial position at September 30, 20X1: accrued expenses payable $ 760 inventory $ 480 accumulated
High Hills Hospital documents the following information related to its financial position at September 30, 20X1:
accrued expenses payable $ 760
inventory $ 480
accumulated depreciation $2,800
accounts payable $ 420
prepaid expenses $ 90
cash $ 600
deferred income $ 15
land, buildings, and equipment $8,800
accounts receivable $2,450
notes payable $ 150
long-term investments $ 400
bonds payable (due 20X9) $3,500
What is the appropriate amount to record on the September 30, 20X1 balance sheet for Total Current Liabilities? Total Liabilities? September 30, 20X1 Hospital Net Assets? September 30, 20X1 balance sheet for Total Assets?
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