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Prepare a statement of revenue and expense for the two years ending 2022 and 2021 Not all accounts may be used in this problem 2022
| Prepare a statement of revenue and expense for the two years ending 2022 and 2021 | |||||||
| Not all accounts may be used in this problem | |||||||
| 2022 | 2021 | ||||||
| Cash | $2,500,000.00 | $2,100,000.00 | |||||
| Patient Revenue | $7,500,000.00 | $6,100,000.00 | |||||
| Accounts Receivable | $521,000.00 | $437,000.00 | |||||
| Medical Services Expense | 480,000.00 | $345,000.00 | |||||
| Accounts Payable | $1,900,000.00 | $1,500,000.00 | |||||
| Therapy Services Expense | $321,000.00 | $279,000.00 | |||||
| Support Services Expense | $410,000.00 | $376,000.00 | |||||
| Depreciation Expense | $100,000.00 | $100,000.00 | |||||
| Long Term Debt | $500,000.00 | $475,000.00 | |||||
| Interest Expense | $35,000.00 | $21,000.00 | |||||
| Interest Income | $50,000.00 | $32,000.00 | |||||
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Economics For Financial Markets
Authors: Brian Kettell
1st Edition
0750653841, 978-0750653848
