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I need help with the blank investments and the two wrong calculations at the bottom**** The following is the pre-closing trial balance for Christina Rehabilitation
I need help with the blank investments and the two wrong calculations at the bottom****
The following is the pre-closing trial balance for Christina Rehabilitation Hospital as of September 30, 2020.
CHRISTINA REHABILITATION HOSPITAL | |||||||||
Preclosing Trial Balance | |||||||||
September 30, 2020 | |||||||||
(000s omitted) | |||||||||
Debits | Credits | ||||||||
Cash and Cash Equivalents | $ | 59,655 | |||||||
Accounts Receivable | 61,940 | ||||||||
Allowance for Uncollectible Receivables | $ | 16,640 | |||||||
Inventory | 8,500 | ||||||||
Prepaid Expenses | 6,700 | ||||||||
Assets Limited as to Use?Investments | 49,530 | ||||||||
Investments | 207,000 | ||||||||
Pledges Receivable | 3,910 | ||||||||
Discount on Pledges Receivable | 1,000 | ||||||||
Land | 7,670 | ||||||||
Buildings | 328,940 | ||||||||
Accumulated Depreciation?Buildings | 151,960 | ||||||||
Equipment | 268,160 | ||||||||
Accumulated Depreciation?Equipment | 122,540 | ||||||||
Accounts Payable | 20,820 | ||||||||
Accrued Payables | 26,880 | ||||||||
Interest Payable | 1,160 | ||||||||
Bonds Payable | 182,000 | ||||||||
Other Long-term Liabilities | 127,600 | ||||||||
Net Assets?Without Donor Restrictions | 230,105 | ||||||||
Net Assets?With Donor Restrictions?Programs | 79,500 | ||||||||
Net Assets?With Donor Restrictions?Endowment | 28,010 | ||||||||
Patient Service Revenue | 1,072,360 | ||||||||
Contractual Adjustments | 555,480 | ||||||||
Other Operating Revenue | 11,420 | ||||||||
Contributions?With Donor Restrictions?Programs | 6,630 | ||||||||
Contributions?With Donor Restrictions?Endowment | 220 | ||||||||
Investment Income?Without Donor Restrictions | 8,200 | ||||||||
Investment Income?With Donor Restrictions?Programs | 560 | ||||||||
Unrealized Gain on Investments?With Donor Restrictions?Programs | 680 | ||||||||
Salary Expense | 339,420 | ||||||||
Supplies Expense | 141,510 | ||||||||
Provision for Uncollectible Accounts | 17,930 | ||||||||
Depreciation Expense | 25,680 | ||||||||
Interest Expense | 5,220 | ||||||||
Unrealized Loss on Investments?Without Donor Restrictions | 1,040 | ||||||||
Total | $ | 2,088,285 | $ | 2,088,285 | |||||
- Make a balance sheet as of September 30, 2020. The pledges and investments are both long-term. Not included on the trial balance is the fact that $19,500 of bonds will be due in 2021 and must be reclassified on the balance sheet.(Enter your answers in thousands.)
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