The Hospital for Ending Long-term Problems (HELP) had the following financial events during the year. 1. HELP collected $250,000 in cash that it had billed to the federal government under Medicare. The money had been earned in the prior fiscal year and was recorded as accounts receivable then. 2. HELP paid back $100,000 it borrowed at the end of the last year on a line of credit. The bank did not charge interest. 3. HELP bought $25,000 in supplies to treat patient. HELP paid the supplier for all the supplies with cash. 4. HELP belongs to the state hospital association, and its membership is current (meaning it is paid up through the end of the year). HELP receivers an invoice for $75,000 for next years fees but has not paid it yet. 5. HELP replaced many of the patient examination tables. They cost $50,000, and HELP put $10,000 down in cash. The rest is still owed. 6. HELP paid $65,000 it owed employees from last year. Employees had earned this last fiscal year and it was recorded as an expense then.

A.The most liquid asset affected by Transaction 3 (T3) is

B."For the asset you answered in the previous question, what is the dollar amount it changed? Include a minus sign if necessary. Do not include a dollar sign or commas."

C.If T3 affects another asset which one of the following is it?

Supplies

Equipment

No other asset is affected

Accounts Receivable

D. "Given your response from the previous question, what is the dollar value of the change? If no other asset is affected then enter 0 for your answer. Include a minus sign if necessary. Do not include a dollar sign or commas."

E.The most current liability affected by T3 is

No liability is affected by T3.

Bank Note Payable

Membership Payable

Line of Credit

F. "Given your response from the previous question, what is the dollar value of the change? If no liability is affected then enter 0 for your answer. Include a minus sign if necessary. Do not include a dollar sign or commas."