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Prepare a classified balance sheet Note not all accounts listed here may be used in solving this problem. Cash $950,000.00 Patient Receivable $150,000.00 Patient Revenue

Prepare a classified balance sheet

Note not all accounts listed here may be used in solving this problem.

Cash

$950,000.00

Patient Receivable

$150,000.00

Patient Revenue

$650,000.00

Accounts Receivable

$211,000.00

Inventory

$410,000.00

Inventory Expense

$125,000.00

Investments

$740,000.00

Insurance Expense

$112,000.00

Prepaid Insurance

$201,000.00

Supplies

$615,000.00

Mortgage Payable

$116,000.00

Supply Expense

$213,000.00

Wages Payable

$149,000.00

Wage Expense

$119,000.00

Salaries Payable

$111,111.00

Unearned Revenue

$510,000.00

Net Assets with donor restrictions

$350,000.00

Net Assets without donor restrictions

$420,000.00

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