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The attached transactions took place during the fiscal year ending December 31, 20X7 for Greybull Community Hospital, a nonprofit hospital following FASB standards of
The attached transactions took place during the fiscal year ending December 31, 20X7 for Greybull Community Hospital, a nonprofit hospital following FASB standards of accounting and financial reporting. 000 REQUIRED: (1) (2) (3) Using the attached forms, record the attached transactions, in proper general journal form. Omit explanations. Use the number of the transaction date for the date. Prepare a statement of operations, using the appropriate format, for the hospital for the year ending December 31, 20X7. Prepare a statement of changes in net assets, using the appropriate format, for the hospital, for the fiscal year ended December 31, 20X7. Assume the beginning net asset balances were: Unrestricted, $1,200,000; With Donor Restrictions (all due to program restrictions), $425,000; Endowment, $3,400,000.
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