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Please see the list of accounts for St. Paul's Hospital on December 31, 20X1. Prepare a balance sheet and statement of operations as of Dec
Please see the list of accounts for St. Paul's Hospital on December 31, 20X1. Prepare a balance sheet and statement of operations as of Dec 31, 20X1.
16. Multiple statements. The following is a list of accounts (in thousands) for St. Paul's Hos- pital on December 31, 20X1. Prepare a balance sheet and statement of operations as of December 31, 20X1. (Hints: (a) unrestricted contributions increase the unrestricted net assets account, and they are a part of revenues, gains, and other support; (b) Net Assets = Total Assets - Total Liabilities.) Givens Interest expense Net patient revenues, net of contractuals only Unrestricted contributions Cash Other noncurrent assets Temporary investments Gross accounts receivable Professional expense - Other current liabilities Accrued expenses Accounts payable Other revenues -Long-term debt Administrative and medical supplies expense Gross plant and equipment - Labor expense Prepaid expenses Deferred revenue Inventory Depreciation expense -Provision bad debt expense Accumulated depreciation Nonoperating gains Allowance for uncollectibles $1,800 $113,000 $2,300 $5,500 $18,200 $8,800 $42,400 $3,200 $2,100 $10,000 $11,500 $19,000 $11,600 $29,000 $85,000 $78,000 $2,100 $2,800 $2,200 $7,500 $12,000 $38,000 $1,800 $20,000 16. Multiple statements. The following is a list of accounts (in thousands) for St. Paul's Hos- pital on December 31, 20X1. Prepare a balance sheet and statement of operations as of December 31, 20X1. (Hints: (a) unrestricted contributions increase the unrestricted net assets account, and they are a part of revenues, gains, and other support; (b) Net Assets = Total Assets - Total Liabilities.) Givens Interest expense Net patient revenues, net of contractuals only Unrestricted contributions Cash Other noncurrent assets Temporary investments Gross accounts receivable Professional expense - Other current liabilities Accrued expenses Accounts payable Other revenues -Long-term debt Administrative and medical supplies expense Gross plant and equipment - Labor expense Prepaid expenses Deferred revenue Inventory Depreciation expense -Provision bad debt expense Accumulated depreciation Nonoperating gains Allowance for uncollectibles $1,800 $113,000 $2,300 $5,500 $18,200 $8,800 $42,400 $3,200 $2,100 $10,000 $11,500 $19,000 $11,600 $29,000 $85,000 $78,000 $2,100 $2,800 $2,200 $7,500 $12,000 $38,000 $1,800 $20,000Step by Step Solution
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