Journal Entries Not-for-Profit Ledger Income Statement BalanceSheet CashFlow Stater Below you are provided Ending Balances from 2018 financial statements for your not-for-profit hospital Hint: the below information is necessary for you to complete the assignment. n Community Hospital Balance Sheet and Operation Statements End of 2018 ash Accounts Receivable,Net Inventory Prepaid Expense Net Building and Equipment Land 86.250 195,500 ssets 235,750 230,000 345,000 Salaries and Benefits Medical Supplies and Drugs 6,325 11,500 ExpensesDepreciation 805,000 Interest Provision for Bad Debts Other Operating Expenses 6,900 Accounts Payable 575,000 402,500 Liabilities Wages Payable Mortgage Payable 201,250 Unrestricted Temporarily Restricted Net Assets 115,000 Net Patient Services Revenue Premium Revenue Other Operating Revenue Unrestricted Contributions 862,500 Revenue INSTRUCTIONS Complete the journal entries and corresponding T account records that are provided to you in "Journal Entries woksheet 2 By using the Information provided to you fill out Not-for-Profit Ledger including the beginning and ending balances 3 By using the information provided to you and information that you generated in the ledger, prepare your The Balance Sheet and The Income Statement as of December By using the information provided to you and information that you generated, prepare your Cash Flow statement as of December 31 2019 by utilizing the Statement of t Hint: Please use the direct method for your Cash Flow Statement 5 Calculate Common Size Ratios for your The Balance Sheet and The Income Statement and interpret the results Hint: Please use the Total Assets as Balance Sheet's denominator and Total Revencues from Operations as Income Statement's denominator Calculate Liquidty, Solvency, Efficiency and Profitability ratios for your The Balance Sheet and The Income Statement and interpret the results l Not-for-Profit Ledger Income StatementBalanceSheetCashFlow Statement Ratio analyses alances from 2018 financial statements for your not-for-profit hospital essary for you to complete the assignment. lance Sheet and Operation Statements nd of 2018 year 862.500 86,250 195.500 able,Net efits and Drugs 17.250 805,000 lDebts Expenses 6.,900 402.500 402.500 ricted tricted 115,000 ces Revemue 862.500 Revenue tnbutions 13.800 orresponding T account records that are provided to you in "Journal Entries" woksheet to you fill out Not-for-Profit Ledger including the beginning and ending balances dto you and information that you generated in the ledger, prepare your The Balance Sheet and The Income Statement as of December 31 2019 by utilizing templates to you and information that you generated, prepare your Cash Flow statement as of December 31 2019 by utilizing the Statement of the Cash Flow Template for your Cash Flow Statement your The Balance Sheet and The Income Statement and interpret the results s Balance Sheet's denominator and Total Revencues from Operations as Income Statement's denominator ieney and Profitability ratios for your The Balance Sheet and The Income Statement and interpret the results 12:05 Search Done 2 of 8 Journal Entries Not-for-Profit Ledger Income Statement BalanceSheet CashFlow Statement Ratio analyses structions Journal Entries Not-for-Profit Ledger Income VULCAN COMMUNITY HOSPITAL Operating Statement For the Year Ending December 31, 2019 Amount Revenues Net Patient Services Revenue Premium Revenue Other O ating Revenue Total Reveneues from Operations Operating Expenses Salaries and Benefits Medical Supplies and Drugs Insurance Depreciation Interest Provision for Bad Debts Other Operating Expenses Total Expenses from Operations Excess of Revenues Over Expenses Unrestricted Contributions Transfer to parents Net Income Common size ratios' comments: tructions Journal Entries Not-for-Profit Ledger Income Statement BalanceShee VULCAN COMMUNITY HOSPITAL Balance Sheet As of December 31, 2019 ASSETS LIABILITIES&NET ASSETS Liabilities Current Assets Cia rrent liabilities Accounts Payable Wages Payable Total Current Liabilities Accounts Receivable,Net nvento Long-term liabilities Mortgage Payable Total Long-term liabilities Total Current Assets Total Liabilities Net Assets Fixed Assets Net Building and Equipment Land Total Fixed Assets Unrestricted Temporarily Restricted Permanently Restricted Total Net Assets Goodwill TOTAL ASSETS ITOTAL LIABILITIES & NET ASSETS Common size ratios' comments: structions Journal Entries Not-for-Profit Ledger In VULCAN COMMUNITY HOSPITAL Statement of Cash Flows For the Year Ending December 31, 2019 Cash Flows from Operating Activities Collections Payments to Sellers Payments to Employees Insurance Payments Interest Payments Net Cash from Operating Activities Cash Flows from Investing Activities Purchase of New Equipment Net Cash Used for Investing Activities Cash Flows from Financing Activities Payment of mortgage principal Net Cash from Financing Activities NET INCREASE/(DECREASE) IN CASH CASH, BEGINNING OF YEAR CASH, END OF YEAR Instructions Journal Entries Not-for-Profit Ledger Income Cath N Effickscy Raties Accounts Reccivable Days in Accousts Recsivablies (Net Patient ReveRue/365 Account Payable S Days in Accounts Payale- Operating Eaponsgs-Daprociation)/ 365 Current Liabilinies (Operating Expenses-Depeeciation)/36 Total Revema Tetal Asset Tarnover Total Aset rest Expense 9 Debe Service Coverage lssrest Expnse Principal Paymsts Preftability Ratio otal Net Ince Total Margi Excess of Revenes ever Expenss Operating Reve xcess of Revomos ever Expeses 12 Oprating Mani 3 Retr Total Aswts Excess of Revnacs ever Experses Ledger Income Statement BalanceSheet CashFlow Statement Ratio analyses VULCAN COMMUNITY IIOSPITAL FINANCIAL RATIOS 65 165 etcrest Expsnse etcrest Expense+ Depereciation Espense Journal Entries Not-for-Profit Ledger Income Statement BalanceSheet CashFlow Stater Below you are provided Ending Balances from 2018 financial statements for your not-for-profit hospital Hint: the below information is necessary for you to complete the assignment. n Community Hospital Balance Sheet and Operation Statements End of 2018 ash Accounts Receivable,Net Inventory Prepaid Expense Net Building and Equipment Land 86.250 195,500 ssets 235,750 230,000 345,000 Salaries and Benefits Medical Supplies and Drugs 6,325 11,500 ExpensesDepreciation 805,000 Interest Provision for Bad Debts Other Operating Expenses 6,900 Accounts Payable 575,000 402,500 Liabilities Wages Payable Mortgage Payable 201,250 Unrestricted Temporarily Restricted Net Assets 115,000 Net Patient Services Revenue Premium Revenue Other Operating Revenue Unrestricted Contributions 862,500 Revenue INSTRUCTIONS Complete the journal entries and corresponding T account records that are provided to you in "Journal Entries woksheet 2 By using the Information provided to you fill out Not-for-Profit Ledger including the beginning and ending balances 3 By using the information provided to you and information that you generated in the ledger, prepare your The Balance Sheet and The Income Statement as of December By using the information provided to you and information that you generated, prepare your Cash Flow statement as of December 31 2019 by utilizing the Statement of t Hint: Please use the direct method for your Cash Flow Statement 5 Calculate Common Size Ratios for your The Balance Sheet and The Income Statement and interpret the results Hint: Please use the Total Assets as Balance Sheet's denominator and Total Revencues from Operations as Income Statement's denominator Calculate Liquidty, Solvency, Efficiency and Profitability ratios for your The Balance Sheet and The Income Statement and interpret the results l Not-for-Profit Ledger Income StatementBalanceSheetCashFlow Statement Ratio analyses alances from 2018 financial statements for your not-for-profit hospital essary for you to complete the assignment. lance Sheet and Operation Statements nd of 2018 year 862.500 86,250 195.500 able,Net efits and Drugs 17.250 805,000 lDebts Expenses 6.,900 402.500 402.500 ricted tricted 115,000 ces Revemue 862.500 Revenue tnbutions 13.800 orresponding T account records that are provided to you in "Journal Entries" woksheet to you fill out Not-for-Profit Ledger including the beginning and ending balances dto you and information that you generated in the ledger, prepare your The Balance Sheet and The Income Statement as of December 31 2019 by utilizing templates to you and information that you generated, prepare your Cash Flow statement as of December 31 2019 by utilizing the Statement of the Cash Flow Template for your Cash Flow Statement your The Balance Sheet and The Income Statement and interpret the results s Balance Sheet's denominator and Total Revencues from Operations as Income Statement's denominator ieney and Profitability ratios for your The Balance Sheet and The Income Statement and interpret the results 12:05 Search Done 2 of 8 Journal Entries Not-for-Profit Ledger Income Statement BalanceSheet CashFlow Statement Ratio analyses structions Journal Entries Not-for-Profit Ledger Income VULCAN COMMUNITY HOSPITAL Operating Statement For the Year Ending December 31, 2019 Amount Revenues Net Patient Services Revenue Premium Revenue Other O ating Revenue Total Reveneues from Operations Operating Expenses Salaries and Benefits Medical Supplies and Drugs Insurance Depreciation Interest Provision for Bad Debts Other Operating Expenses Total Expenses from Operations Excess of Revenues Over Expenses Unrestricted Contributions Transfer to parents Net Income Common size ratios' comments: tructions Journal Entries Not-for-Profit Ledger Income Statement BalanceShee VULCAN COMMUNITY HOSPITAL Balance Sheet As of December 31, 2019 ASSETS LIABILITIES&NET ASSETS Liabilities Current Assets Cia rrent liabilities Accounts Payable Wages Payable Total Current Liabilities Accounts Receivable,Net nvento Long-term liabilities Mortgage Payable Total Long-term liabilities Total Current Assets Total Liabilities Net Assets Fixed Assets Net Building and Equipment Land Total Fixed Assets Unrestricted Temporarily Restricted Permanently Restricted Total Net Assets Goodwill TOTAL ASSETS ITOTAL LIABILITIES & NET ASSETS Common size ratios' comments: structions Journal Entries Not-for-Profit Ledger In VULCAN COMMUNITY HOSPITAL Statement of Cash Flows For the Year Ending December 31, 2019 Cash Flows from Operating Activities Collections Payments to Sellers Payments to Employees Insurance Payments Interest Payments Net Cash from Operating Activities Cash Flows from Investing Activities Purchase of New Equipment Net Cash Used for Investing Activities Cash Flows from Financing Activities Payment of mortgage principal Net Cash from Financing Activities NET INCREASE/(DECREASE) IN CASH CASH, BEGINNING OF YEAR CASH, END OF YEAR Instructions Journal Entries Not-for-Profit Ledger Income Cath N Effickscy Raties Accounts Reccivable Days in Accousts Recsivablies (Net Patient ReveRue/365 Account Payable S Days in Accounts Payale- Operating Eaponsgs-Daprociation)/ 365 Current Liabilinies (Operating Expenses-Depeeciation)/36 Total Revema Tetal Asset Tarnover Total Aset rest Expense 9 Debe Service Coverage lssrest Expnse Principal Paymsts Preftability Ratio otal Net Ince Total Margi Excess of Revenes ever Expenss Operating Reve xcess of Revomos ever Expeses 12 Oprating Mani 3 Retr Total Aswts Excess of Revnacs ever Experses Ledger Income Statement BalanceSheet CashFlow Statement Ratio analyses VULCAN COMMUNITY IIOSPITAL FINANCIAL RATIOS 65 165 etcrest Expsnse etcrest Expense+ Depereciation Espense