Problem 5 Grading Grade: out of (max); 2 On March 31, Oz Hospital had the following ending balances: Assets $800,000 Liabilities $450,000 Net Assets $350,000 During April, the following transactions occurred: 1. Services rendered to patients 2. Collections on patients' accounts 3. Supplies consumed in patient care services 4. Payments on accounts payable to suppliers 5. Supplies purchased on account 6. Other expenses paid in cash 7. Purchased equipment with cash $326,0 $147,000 $45,300 $81,500 $46,000 $48,500 $31,400 Required: What were the amounts of Oz Hospital's (1) assets, (2) liabilities, and (3) net assets at April 30? Assets Expenses Liabilities Net Assets Revenues BB, 3/31: 1 2 3 4 5 6 7 Totals: Closing Entry: EB, 4/30: check Ending Balances for Oz Hospital, April 30: Assets: S Liabilities: S Net Assets: S Expenses: S Revenues: S