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The following are account balances (in thousands) at September 30, 2021, for Marcey Medical Center. Prepare (a) a balance sheet, (b) a statement of
The following are account balances (in thousands) at September 30, 2021, for Marcey Medical Center. Prepare (a) a balance sheet, (b) a statement of operations, and (c) a statement of changes in net assets for September 30, 2022. Givens (in '000s) Inventory Patient revenue (net of contractuals) Gross plant, property, and equipment Net accounts receivable Ending balance, net assets with donor restrictions Wages payable Long-term debt Supply expense Net assets released from donor restriction Depreciation expense General expense Bad debt expense $5,000 $402,000 $450,000 $95,000 $24,000 $8,600 $320,000 $44,000 $9,000 $54,000 $100,000 $6,500 Cash and cash equivalents Transfer to parent corporation Beginning balance, net assets without donor restrictions Accounts payable Beginning balance, net assets with donor restrictions Interest expense Labor expense Accumulated depreciation $58,000 ($7,900) $250,000 $16,000 $33,000 $4,000 $180,000 $70,000 Long-term investments Ending balance, net assets without donor restrictions $95,200 $264,600
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Here are the stepwise workings for each statement a Balance Sheet Assets Current Assets Cash and cash equivalents given 58000 Inventory given 5000 Net ...Get Instant Access to Expert-Tailored Solutions
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