Question
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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