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Required Information Exercise 16-24 (Static) Financial Statements-Not-for-Profit Hospital [LO 16-3] [The following Information applies to the questions displayed below.] The following is the preclosing
Required Information Exercise 16-24 (Static) Financial Statements-Not-for-Profit Hospital [LO 16-3] [The following Information applies to the questions displayed below.] The following is the preclosing trial balance for Christine Rehabilitation Hospital as of September 30, 2023. CHRISTINA REHABILITATION HOSPITAL Preclosing Trial Balance September 38, 2823 (888s onitted) Cash and Cash Equivalents Patient Accounts Receivable Inventory Prepaid Expenses Assets Limited as to Use-Investments Investments Pledges Receivable Discount on Pledges Receivable Land Buildings Accumulated Depreciation-Buildings Equipment Accumulated Depreciation-Equipment Accounts Payable Accrued Payables Interest Payable Bonds Payable Other Long-term Liabilities Net Assets Without Donor Restrictions Debits Credits $ 45,525 45,300 8,410 6,610 49,440 198,000 3,828 $ 918 7,588 324,440 142,960 259,160 118,040 28,738 26,790 1,878 173,880 126,780 221,105 78,600 Net Assets with Donor Restrictions-Programs Contractual Adjust Net Assets With Donor Restrictions-Endowment Patient Service Revenue Adjustments Implicit Price Concessions for Individual Payors Other Operating Revenue 550,988 17,038 Contributions with Donor Restrictions-Programs Contributions with Donor Restrictions-Endowment 27,118 1,063,360 11,330 6,548 130 Investment Income-Without Donor Restrictions 7,380 Investment Income-With Donor Restrictions-Programs Salary Expense Unrealized Gain on Investments-with Donor Restrictions-Progra 478 590 Supplies Expense 338,528 140,610 Depreciation Expense 25,238 Interest Expense 5,138 Unrealized Loss on Investments-without Donor Restrictions 958 Total $2,826,735 $2,826,735 Exercise 16-24 (Static) Part a Required a-1. Prepare a statement of operations for the year ended September 30, 2023. Not Included on the trial balance is the fact that $1,010 has been released from restrictions. a-2. Prepare a statement of changes in net assets for the year ended September 30, 2023. Not Included on the trial balance is the fact that $1,010 has been released from restrictions. Complete this question by entering your answers in the tabs below. RgA1 Req A2 Prepare a statement of operations for the year ended September 30, 2023. Not included on the trial balance is the fact that $1,010 has been released from restrictions. (Enter your answers in thousands.) CHRISTINA REHABILITATION HOSPITAL Statement of Operations For Year Ended September 30, 2023 (000c omitted) Revenue, Gains and Other Support Without Donor Restrictions: Total Revenue and Gains Expenses and Losses: Total Expenses and Losses Excess of Revenues and Gains Over Expenses and Losses Net Assets Released from Restrictions: Satisfaction of Purpose Restrictions Increase in Net Assets Without Donor Restrictions
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