Question
The following accounts appeared in the adjusted trial balance of University Hospital at December 31, 20X1: Cash $ 26,300 Accounts receivable $105,900 Inventory $ 14,700
The following accounts appeared in the adjusted trial balance of University Hospital at December 31, 20X1:
Cash $ 26,300
Accounts receivable $105,900
Inventory $ 14,700
Prepaid insurance $ 1,800
Prepaid rent $ 900
Prepaid interest $ 500
Buildings and equipment $575,000
Accounts payable $ 29,700
Bonds payable $125,000
Accrued interest payable $ 2,300
Accrued salaries and wages payable $ 9,800
Notes payable $350,000
Hospital net assets $193,600
Routine services revenue $135,000
Ancillary services revenue $ 75,800
Other operating revenues $ 30,900
Salaries and wages expense $140,000
Supplies expense $ 31,000
Utilities expense $ 29,000
Insurance expense $ 8,200
Repairs expense $ 5,400
Rent expense $ 7,100
Interest expense $ 4,900
Other expenses $ 1,400
Using the information provided, what will the December 31, 20X1 balance sheet report for Hospital Net Assets?
Using the information provided, what will the December 31, 20X1 balance sheet report for Total Liabilities?
Using the information provided, what will the December 31, 20X1 balance sheet report for Funded Depreciation?
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