please help me. My numbers are off and I cannot figure it out. Please check and show me what needs to be corrected on the journal and balance sheets.

Sard Font Alignment Off to fx et B fx B E 6abc EX ave x & fx A B D Hint: The below information is necessary for you to complete the assignment. GA 0 1 12 13 14 15 16 17 18 19 Cash Prepaid Insurance Accounts Receivable Assets Inventory Plant & Equipment Pledge Receivable Inventory Labor Expenses Interest Insurance Depreciation Accounts Payable Liabilities Wages Payable Mortgage Payable Unrestricted Net Assets Temporarily Restricted Permanently Restricted Patient Service Revenue Revenue Revenue - contributions donations Revenue-non-patient services (gift shop, parking etc.) $ 2,500,000.00 $ 200,000.00 $ 3,400,000.00 $ 3,300,000.00 5,500,000.00 S 100,000.00 $ 700,000.00 S 1,500,000.00 S 150,000.00 300,000.00 200,000.00 2,500,000.00 3,300,000.00 1.200.000.00 S 4.000.000.00 2.500.000.00 $ 1.500.000.00 $ 2.000.000.00 S 650,000.00 S 200.000.00 0 0 0 0 0 0 0 0 21 22 23 25 Instructions Journal Entries Not-for-profit Ledger BalanceSheet Template F G H B E Journal Entries These are the transactions that took place during Fiscal Year 2020 Create a journal entry and a T-Account entry for each of the following transactions: 1 $400,000.00 worth of MR Machine is purchased with Cash Credit Accounts Plant and Machine Cash Debit $400.000 $400,000.00 2 $75,000.00 worth of Inventory lis purchased by Cash Credit Accounts Inventory Cash Debit $75,000.00 $75.000 $30,000 Fire Insurance is putohased by Cash for 5 year Credit Accounts Prepaid insurance Cash Debit $30,000 330,000 Vares due to employees that had been previous recorded as a liability are now paid in Cash $200.000 Instructions Journal Entries Not-for-Profit Ledger Balancesheet Template Income Statement O 01 B B F G H 4 Vages due to employees that had been previously recorded as a liability are now paid in Dash $200,000 Debit Accounts cash Wages Payable Credit $200,000.00 $200.000.00 5 A patient discharged who used $100,000 worth of Inventory Debit Accounts Inventory Inventory Expenses Credit $100,000 $100,000 6 Bills are submitted to insurance companies in the amount of $400,000 for services rendered to patients Accounts Accounts Recievable Patient Service Revenue Debit $400,000 Credit $400.000 Z $150,000 cash is received For services previous provided and billed Instructions Journal Entries Not-for-profit Ledger Balancesheet Template Income Stateme 17 $150,000 cash is received for services previously provided and billed Accounts Cash Accounts Recievable Debit $150,000 Credit $150,000 Cash 8 At year end annual mortgage payment made by Principle payment $15,000 Interest payment $35,000 Debit Accounts Cash Interest payment Intertest Credit $50,000 $15.000 $35,000 End of wear insurance adjustment Wear insurance used Credit Accounts Insurance Expenses Prepaid Insurance Debit $6,000 $6.000 10 purchased for $400,000 at the beginning oft End of year adjustment - One year depreciation of MR Machine Useful life 10 years DEL ... IF instructions Journal Entries Not-for-Profit Ledger BalanceSheet Template Income Stater Accounts Insurance Expenses Prepaid Insurance Debit $6,000 Credit $6.000 End of year adjustment - One year depreciation of MR Machine 10 purchased for $400,000 at the beginning of the year Useful Please use 10 Straight Line Depreciation years 40,000 Debit Accounts Flant and Equipment Depreciation Expense Credit $40,000 $40,000 11 Right before the year end you received a pledge of $350,000 designated to be used in the construction of Women and Infant Center that you are planning to start building next year Accounts Pledge Recievable Revenue Contributions Debit $350.000 Credit $350,000 Instructions Journal Entries Not-for-Profit Ledger BalanceSheet Template Income Statement O OBE a fo 0 DELF Assets N Expenses Liabilities Net Assets + Revenue 3 Prepaid Insurance Accounts Receivable 1818 Plant & Equipment invertory Pledge Receivable Inventory Depreciation Temporarily Restricted Accounts Payable Insurance interest Mortgage Payable Permanently Restricted Wages Payable Labor Bunrestricted 3400 nning Walan 2500 1402 3300 0 0 0 0 3300 2500 Sales Cash 30 . 100 40 150 40 150.00 35 16 100 40 09 N w w wy ST ng Balance 224 2.435 15,474 3,590 3,275 5,500 100 35 6 40 1,185 4.000 2.500 1,500 390 2.500 3,280 15,356 Instructions Journal Entries Not-for-Profit Ledger Balance Sheet Template Income Statement CashFlow Statement Depreciati E Fall_2021_MRA LAssignment_question - Compatibility Mode - Last Modified: Yesterday at 4:01 PM - Home Insert Draw Page Layout Formulas Data Review View Help X Arial 12 - A A General 2 Wrap Text Merge & Center ste BIU a. Au ES $ - % pboard Font Nur Alignment FB fx ab E 99X toSave OH rin 14 Y X fx A G D HAPPY HOSPITAL Balance Sheet As of December 31, 2020 ASSETS LIABILITIES & NET ASSETS Current Assets Cash Prepaid Insurance Accounts Recievable Inventory Pledges Recievable $2,435,000 $224,000 $3,590,000 $3.440,000 $450,000 Liabilities Current liabilities Accounts Payable Wages Payable $2.500,000 $3,280,000 Long-term liabilities Mortgage Payable $1,185,000 Fixed Assets Plant and Equipment 55,500,000 Net Assets Unrestricted Temporarily Restricted Perminantly Restricted 7 54,416,000 $2,500,000 $1,500,000 9 20 21 22 TOTAL ASSETS $15.639,000 TOTAL LIABILITIES & NET ASSETS $15,381,000 24 25 27 28 Instructions Journal Entries Not-for-Profit Ledger Income BalanceSheet Template