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?
$ 208,300
$ 725,100
$ 516,800
not enough information
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