Question
Please completed a balance statment in proper form showing credits and debits. Plese contact me with any questions. Assets 2015 2014 Cash $ 458,000 $
Please completed a balance statment in proper form showing credits and debits. Plese contact me with any questions.
Assets
2015 2014
Cash $ 458,000 $ 225,000
Prepaid Insurance $ 22,000 $ 14,000
Accounts Rec. $ 230,000 $ 228,000
Inventory/supplies $ 87,000 s 53,000
Total Current Assets $ 797,000 $ 520,000
Net Plant & equip $ 705,000 $ 662,000
Total Assets $ 1,502,000 $ 1,182,000
Liabilities & Assets
Accounts Payable $ 300,000 $ 245,000
Accruals $ 152,000 $ 145,000
Notes Payable $ 252,000 $ 205,000
Total Current Liabilities $ 704,000 $ 595,000
Long Term Debt $ 319,000 $ 350,000
Total Liabilities $ 1,023,000 $ 945,000
Retained Earnings $ 479,000 $ 237,000
Total Liab & Net Worth $ 1,502,000 $ 1,182,000
Income Statement 2015
Revenue $ 2,486,000
Operating Expenses
Medical Surgical $ 725,000
Therapy $ 515,000
Other Prof Services s 475,000
Support $ 245,000
General $ 155,000
Depreciation $ 71,000
Interest $ 63,000
Total Expenses $ 2,249,000
Income from Operations $ 237,000
Interest Income $ 5,000
Net Income $ 242,000
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Monetary Policy And Public Finance
Authors: G. C. Hockley
1st Edition
1138704792, 978-1138704794
