List and record each transaction for Claymont Outpatient Clinic under the accrual basis of accounting at Dec 31, 20X1. Then develop a balance sheet as of Dec 31, 20X1, and a statement of operations for the year ended Dec 31, 20X1. 1. The clinic received an $8,000,000 unrestricted cash contribution from the community. (Hint: this transaction increases the unrestricted net assets account.) 2. The clinic purchased $5,600,000 of equipment. The clinic paid cash for the equipment. 3. The clinic borrowed $3,000,000 from the bank on a long-term basis. 4. The clinic purchased $600,000 of supplies on credit. 5. The clinic provided $9,400,000 of services on credit. 6. In the provisions of these services, the clinic used $300,000 of supplies. 7. The clinic received $740,000 in advance to care for capitated patients. 8. The clinic incurred $4,000,000 in labor expenses and paid cash for them. 9. The clinic incurred $2,500,000 in general expenses and paid cash for them. 10. The clinic received $7,300,000 from patients and their third parties in payment of outstanding accounts. 11. The clinic met $540,000 of its obligation to capitated patients in transaction g. 12. The clinic made a $300,000 cash payment on the long-term loan. 13. The clinic also made a cash interest payment of $35,000. 14. A donor made a temporarily restricted donation of $350,000, which is set aside in temporary investments. 15. The clinic recognized $380,000 in depreciation for the year. 16. The clinic estimated that $800,000 of patient accounts would not be received

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ASSETS LIABILITIES NET ASSETS Cash Allowance Plant, Revenues, & Temporary Accounts for Bad Property, & Accumulated Accounts Deferred Long-term Gains, and Unrestricted Restricted Transaction Investments Receivable Debts Supplies Equipment Depreciation Payable Revenues Debt Other Support Expenses Net Assets Net Assets Beginning Balance $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 a. Unrestricted contribution b. Purchased P&E with cash c. Obtained long-term bank loan d. Purchased inventory on credit e. Patient services on credit f. Supplies consumed g. Capitation payment h. Labor expenses paid in cash i. General expenses paid in cash j. Payments for services k. Provided capitated services 1. Cash payment for bank loan m. Interest expense n. Temporarily restricted assets o.Depreciation expense p. Bad debt expense Balances 12/31/20X1 0 0 0 0 0 0 0 0 0 0 0 0 Operating income 0 Closing income from operations to unrestricted net assets 0 Balances With Summarized Net Assets $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Note: All figures expressed in thousands of dollars Balance Sheet (in '000) For the Periods Ending December 31, 20X1 and 20X0 12/31/20X1 12/31/20X0 Current Assets Cash / Temporary Investments Accounts Receivable (less Allowance for Bad Debts) Supplies Total Current Assets $0 0 0 0 $0 0 0 0 0 0 Non-Current Assets Plant, Property & Equipment (less Accumulated Depreciation) Net Plant, Property & Equipment 0 0 0 0 0 0 Total Non-Current Assets 0 0 Total Assets $0 $0 $0 $0 Current Liabilities Accounts Payable Deferred Revenues Total Current Liabilities 0 0 0 0 Non-Current Liabilities Long-Term Debt Total Non-Current Liabilities 0 0 0 0 Total Liabilities 0 0 Net Assets Unrestricted Temporarily Restricted Total Net Assets 0 0 0 0 0 Total Liabilities and Net Assets $0 $0 Statement of Operations (in '000) For the Periods Ending December 31, 20X1 and 20X0 12/31/20X1 12/31/20X0 Unrestricted Revenues, Gains, and Other Support Net Patient Service Revenues Premium Revenue Other Total Revenues, Gains, and Other Support $0 0 $0 0 0 0 0 Operating Expenses Labor Supply General Depreciation Interest Bad Debt Total Operating Expenses 0 0 0 0 0 O oooo 0 0 Operating Income Excess of Revenues over Expenses 0 0 0 0 Increase (Decrease) in Unrestricted Net Assets $0 $0