the following are financial transactions for the family home health care center a not for profit business oriented organization/ beginning balances at jan 1, 20X1 for its assets liabilities and net asset accounts are shown in the following list. List and record each transaction under the accural basis of accounting. then develop a balnce sheet as of december 31, 20X1 and 20X0 and a statement of operations for the year ended december 32, 20X1

12. Transactions plus multiple statements. The following are the financial transactions for the Family Home Health Care Center, a not-for-profit, business- oriented organization. Beginning balances at January 1, 20X1, for its assets, liabilities, and net assets accounts, are shown in the following list. Givens Cash $6,500 Accounts receivable $70,000 Allowance for uncollectibles $7,500 Supplies $15,000 Long-term investments $50,000 Properties and equipment $1,000,000 Accumulated depreciation $100,000 Short-term accounts payable $54,000 Other current liabilities $3,500 Long-term debt $780,000 Net assets without donor restrictions $178,500 Net assets with donor restrictions $18,000 List and record each transaction under the accrual basis of accounting. Then develop a balance sheet as of December 31, 20X1 and 20X0, and a statement of operations for the year ended December 31, 20X1. a. The center purchased $5,000 of supplies on credit. b. The center provided $600,000 of home health services on credit. c. The center consumed $12,000 of supplies in the provision of its home health services. d. The center provided $225,000 of home health services, and patients paid for services in cash. e. The center paid cash for $7,000 of supplies in the provision of its home health services. f. The center paid $38,000 in cash for supplies previously purchased on credit. g. A donor established a $70,000 donor restricted endowment fund by contributing long-term investments to the center. (Hint: this transaction increases the donor restricted net assets account.) h. The center collected $450,000 from patients for outstanding receivables. i. The center paid $275,000 in cash toward labor expense. j. The center paid $55,000 in a principal payment on its long-term loan. k. The center purchased $52,000 in small equipment on credit. The amount is due within one year. 1. The center incurred $40,000 in general expenses. The center used cash to pay for the general expenses. m. The center incurred $13,000 in interest expense for the year, which it paid in cash to the bank. n. The center made a $12,000 cash transfer to its parent corporation. 0. The center recognized labor expense of $8,500, but did not pay for it yet. p. The center recognized depreciation expenses of $30,000. 4. The center estimated it would not collect $65,000 of the patient accounts receivable and recorded the amount as bad debt expense. 12. Transactions plus multiple statements. The following are the financial transactions for the Family Home Health Care Center, a not-for-profit, business- oriented organization. Beginning balances at January 1, 20X1, for its assets, liabilities, and net assets accounts, are shown in the following list. Givens Cash $6,500 Accounts receivable $70,000 Allowance for uncollectibles $7,500 Supplies $15,000 Long-term investments $50,000 Properties and equipment $1,000,000 Accumulated depreciation $100,000 Short-term accounts payable $54,000 Other current liabilities $3,500 Long-term debt $780,000 Net assets without donor restrictions $178,500 Net assets with donor restrictions $18,000 List and record each transaction under the accrual basis of accounting. Then develop a balance sheet as of December 31, 20X1 and 20X0, and a statement of operations for the year ended December 31, 20X1. a. The center purchased $5,000 of supplies on credit. b. The center provided $600,000 of home health services on credit. c. The center consumed $12,000 of supplies in the provision of its home health services. d. The center provided $225,000 of home health services, and patients paid for services in cash. e. The center paid cash for $7,000 of supplies in the provision of its home health services. f. The center paid $38,000 in cash for supplies previously purchased on credit. g. A donor established a $70,000 donor restricted endowment fund by contributing long-term investments to the center. (Hint: this transaction increases the donor restricted net assets account.) h. The center collected $450,000 from patients for outstanding receivables. i. The center paid $275,000 in cash toward labor expense. j. The center paid $55,000 in a principal payment on its long-term loan. k. The center purchased $52,000 in small equipment on credit. The amount is due within one year. 1. The center incurred $40,000 in general expenses. The center used cash to pay for the general expenses. m. The center incurred $13,000 in interest expense for the year, which it paid in cash to the bank. n. The center made a $12,000 cash transfer to its parent corporation. 0. The center recognized labor expense of $8,500, but did not pay for it yet. p. The center recognized depreciation expenses of $30,000. 4. The center estimated it would not collect $65,000 of the patient accounts receivable and recorded the amount as bad debt expense