My liabilites section is not equal to my assets section. Can you explain where I went wrong?
a Search the web... HADM Ray Hospital Ch 2 HW - Microsoft Home Insert Page Layout Formulas Data Review View Calibri 11 of cut Copy Format Painter Wrap Text General ste BIU. Merge & Center % 88% Conditional Fom Formatting as a Number Font Alignment Clipboard F14 B E F D Ray Hospital Balance Sheet September 30, 20X1 09/30/20X1 Current Assets Cash Net Accounts Receivable Supplies 0 Total Current Assets $ 8,000,000.00 $ 15,500,000.00 $ 3,000,000.00 $ 26,500,000.00 9/30/20X1 Current Liabilites Accounts Payable Accrued Expenses Total Current Liabilities $7,000,000.00 $6,000,000.00 $13,000,000.00 1 Long term debt Total liabilities Net Assets: $45,000,000.00 $58,000,000.00 Total liabilites & net assets 2 Gross plant, property & equipment $ 70,000,000.00 3 (less accumulated depreciation) $ 5,000,000.00 4 Net plant, property & equipment $65,000,000.00 5 -6 Total assets $91,500,000.00 17 18 19 20 21 22 Ray Hospital Stone Hospital Krakower Health Ready Type here to search Esc 8 F3 8. Financial statement element. Where in the financial statements does important expla atory information appear? 9. Financial statement element. In which financial statement would an entity identify purchase of long-term investments? 10. Accounting methods. How does the accrual basis of accounting differ from the ca basis of accounting? 11. Balance sheet. The following are account balances as of September 30, 20X1, for Hospital. Prepare a balance sheet at September 30, 20X1. (Hint: net assets will also n- to be calculated.) Givens be Gross plant, property, and equipment $70,000,000 Accrued expenses $6,000,000 Cash $8,000,000 9200 lagu Net accounts receivable $15,500,000 or bez Accounts payable $7,000,000 Long-term debt $45,000,000 Supplies $3,000,000 Accumulated depreciation $5,000,000 deb bao 12. Balance sheet. The following are account balances as of September 30, 20X1, for Hospital. Prepare a balance sheet at September 30, 20X1. (Hint: net assets will also to be calculated.) Givens Gross plant, property, and equipment $65,000,000 Cash $6,000,000 Net accounts receivable $12,700,000 Accrued expenses $5,200,000 Inventory $5,300,000 $22,500,000 Long-term debt $8,300,000 Accounts payable $28,500,000 Accumulated depreciation Statement of operations. The following are annual account balances as of Sep the portion of the statement of operations 13