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Please help with the entire question. Each part answered separately (6 parts) P3.4. Copper Hospital's trial balance at November 30, 20X2, which includes data accumulated
Please help with the entire question. Each part answered separately (6 parts)
P3.4. Copper Hospital's trial balance at November 30, 20X2, which includes data accumulated since December 31,20X1, is as follows Cash Accounts receivable Inventory Land Buildings Equipment Accounts payable Notes payable Bonds payable Hospital net assets $14,700 34,900 7,400 30,000 200,000o 105,000 $11,200 25,000 75,000 274,300 Routine services revenue Ancillary services revenue Other operating revenues Salaries and wages expense Supplies expense Utilities expense Insurance expense Repairs expense Interest expense Other expenses 85,800 31,300 95,000 4.500 $512,000 $512,000 The hospital completed the following transactions during the month of December 20X2 1. Purchases of supplies on account amounted to $2,300 2. Supplies that had cost $1,100 were issued from inventory for use in hospital activities. 3. Payments on accounts payable totaled $3,060 Services billed to patients were as follows: Routine services Ancillary services $ 9.300 S15.370 5. Cash collections on patients' accounts totaled $16,140 6. Other revenues received in cash totaled $980 7. Payments of operating expenses included the following. Salaries and wages Utilities 150 Other expenses 8. Payment of interest on bonds and bank loan amounted to $850. Reguired: Using the chart of accounts provided in Figure 3.1, (1) enter the November 30, 20x2, balances in ledger accounts, (2) jour- nalize the December 20X2 transactions, (3) post the transaction entries to the ledger accounts, (4) prepare a trial balance at Decem- ber 31, 20X2, (5) prepare a statement of operations for the year ended December 31, 20X2, and (6) prepare a balance sheet at December 31, 20X2Step by Step Solution
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