The hospital issued $600,000 of long term debt during the year and purchased $307,000 of equipment. No fixed assets
Required
Using the information above and the excel template provided, prepare
a. A Statement of Operations, and a Statement of Changes in Net Assets for the years ended December 31, 2020, assuming Monterey Hospital is a private not-for-profit
b. Statement of Cash Flow assuming
1. Moneterey Hospital is a private not-for-profit
2. Moneterey Hospital is a government owned hospital
Presented below are account balance for Monterey Hopil. In addition, there for the ended December 313030, www.mimaried in the Ta Pese HALANCE SHEET ACCOUNTS December 3, 2019 teember 31, 2020 Dehits Cash 1.000.000 52.295.700 Patient Accounts Receivable (net) 1210.000 192.100 Third-Party Aunts Receivable) 190.000 113,700 Contributions Receivable 10.000 12,500 Supplies Imem-Endowment 1.500.000 1.42.000 Property Plant, and openen 4,175.000 IR 2.000 Credits Accemutated Depreciation 210700 2.567.000 Account Payable (supplies) 17.500 46.200 Long Term Debt 2.282.000 Net Astor Net December 1, 2019 5.5.500 Ner Asset or Net lotion-December 31, 2020 6290.000 Marco 1.100.000 31.500 460,000 200.000 3.200.000 19.000 10,000 ACTIVITY ACCOUNTS Debis Control Adjustment Provision for Implicit Price Cecesi Operating Expensee-Depreciation Operating Expenses-Salaries Operating Expe-Supplies Reclassification from Net Assets with Donor Restrictions (time restrictions) Nel Losses on vestments-ermanent Endowment Credits Patient Service Revenue-patent portion) restricted Patient Service Revente-owner portion Ustricted Income on Endowments-Unrestricted Reclassification to restricted Net Asses Contribution Revenue without Donor Restrictions Contribution Revenue with Door Restrictions andment) Contribution Revenue with Door Restrictions (Restricted for years) Other Information Sale of Property and Equipment 3.156.000 7.564,000 25.000 19.600 36000 130.000 25.000 mane o 1.100.000 33.500 460,000 6,900,000 2.200,000 19,600 10.000 ACTIVITY ACCOUNTS Dchits Contractual Adjustments Provision for Implicit Price Concessions Operating Expenses-Depreciation Operating Expenses-Salaries Operating Expenser-Supplies Reclassification from Net Assets with Donor Restrictions (time restrictions) Net Losses on Investments-Permanent Endowment Credits Patient Service Revenue-patient portion) Unrestricted Patient Service Revence-insurer portion) Unrestricted Income on Endowments-Unrestricted Reclassification to restricted Net Assets Contribution Revenue-without Donor Restrictions Contribution Revende-with Donor Restrictions (endowment) Contribution Revenge-with Donor Restrictions (Restricted for Future Years) Other Information: Sales of Property and Equipment Purchases of Property and Equipment Issuance of Long-Term Debt Excess Credits ever Debits-Activity Accounts Heginning Net Assets or Net Position Ending Net Assets or Net Position 2015 J.156,000 7.364,000 25.000 19.600 36.000 130,000 25.000 none 307.000 600.000 Main content 32.500 5,358 509 5,391.000 CASH (2020) Beginning balance 1/1 1,000,000 Collections from patients 3.739,700 6,900,000 Salaries Collections from third parties 6.070.800 2.191.300 Operating expenses Contributions to Endowment 130.000 Other Contributions 58,500 307,000 Equipment purchases Investment Income 25,000 100.000 Payment principal LT Debt Proceeds-LT debt 600,000 130.000 Purchase Endowment Investments Ending balance 12/31 1.995,700 The hospital issued 5600,000 of long-term debt during the year and purchased $307,000 of equipment. No fixed assets were sold. Required Using the information above and the Excel template provided, prepare ch Ending Net Assets or Net Position 2015 5.391.000 CASH (2020) Beginning balance 1/1 1,000,000 Collections from patients 3.739.700 6,900,000 Salaries Collections from third parties 6.070,800 Main content 2.191.300 Operating expenses Contributions to Endowment 130,000 Other Contributions 58,500 307,000 Equipment purchases Investment Income 25,000 100.000 Payment principal LT Debt Proceeds-LT debt 600,000 130,000 Purchase Endowment Investments Ending balance 12/31 1.995,700 The hospital issued $600,000 of long-term debt during the year and purchased $307,000 of equipment. No fixed assets were sold. Required Using the information above and the Excel template provided, prepare A Statement of Operations and a Statement of Changes in Not Assets for the year ended December 31, 2020, assuming Monterey Hospital is a private not for proti Statements of Cash Flow assuming 1. Monterey Hospital is a private not-for-profit 2. Monterey Hospital is a government-owned hospital. MacBook Pro % & 9 Presented below are account balance for Monterey Hopil. In addition, there for the ended December 313030, www.mimaried in the Ta Pese HALANCE SHEET ACCOUNTS December 3, 2019 teember 31, 2020 Dehits Cash 1.000.000 52.295.700 Patient Accounts Receivable (net) 1210.000 192.100 Third-Party Aunts Receivable) 190.000 113,700 Contributions Receivable 10.000 12,500 Supplies Imem-Endowment 1.500.000 1.42.000 Property Plant, and openen 4,175.000 IR 2.000 Credits Accemutated Depreciation 210700 2.567.000 Account Payable (supplies) 17.500 46.200 Long Term Debt 2.282.000 Net Astor Net December 1, 2019 5.5.500 Ner Asset or Net lotion-December 31, 2020 6290.000 Marco 1.100.000 31.500 460,000 200.000 3.200.000 19.000 10,000 ACTIVITY ACCOUNTS Debis Control Adjustment Provision for Implicit Price Cecesi Operating Expensee-Depreciation Operating Expenses-Salaries Operating Expe-Supplies Reclassification from Net Assets with Donor Restrictions (time restrictions) Nel Losses on vestments-ermanent Endowment Credits Patient Service Revenue-patent portion) restricted Patient Service Revente-owner portion Ustricted Income on Endowments-Unrestricted Reclassification to restricted Net Asses Contribution Revenue without Donor Restrictions Contribution Revenue with Door Restrictions andment) Contribution Revenue with Door Restrictions (Restricted for years) Other Information Sale of Property and Equipment 3.156.000 7.564,000 25.000 19.600 36000 130.000 25.000 mane o 1.100.000 33.500 460,000 6,900,000 2.200,000 19,600 10.000 ACTIVITY ACCOUNTS Dchits Contractual Adjustments Provision for Implicit Price Concessions Operating Expenses-Depreciation Operating Expenses-Salaries Operating Expenser-Supplies Reclassification from Net Assets with Donor Restrictions (time restrictions) Net Losses on Investments-Permanent Endowment Credits Patient Service Revenue-patient portion) Unrestricted Patient Service Revence-insurer portion) Unrestricted Income on Endowments-Unrestricted Reclassification to restricted Net Assets Contribution Revenue-without Donor Restrictions Contribution Revende-with Donor Restrictions (endowment) Contribution Revenge-with Donor Restrictions (Restricted for Future Years) Other Information: Sales of Property and Equipment Purchases of Property and Equipment Issuance of Long-Term Debt Excess Credits ever Debits-Activity Accounts Heginning Net Assets or Net Position Ending Net Assets or Net Position 2015 J.156,000 7.364,000 25.000 19.600 36.000 130,000 25.000 none 307.000 600.000 Main content 32.500 5,358 509 5,391.000 CASH (2020) Beginning balance 1/1 1,000,000 Collections from patients 3.739,700 6,900,000 Salaries Collections from third parties 6.070.800 2.191.300 Operating expenses Contributions to Endowment 130.000 Other Contributions 58,500 307,000 Equipment purchases Investment Income 25,000 100.000 Payment principal LT Debt Proceeds-LT debt 600,000 130.000 Purchase Endowment Investments Ending balance 12/31 1.995,700 The hospital issued 5600,000 of long-term debt during the year and purchased $307,000 of equipment. No fixed assets were sold. Required Using the information above and the Excel template provided, prepare ch Ending Net Assets or Net Position 2015 5.391.000 CASH (2020) Beginning balance 1/1 1,000,000 Collections from patients 3.739.700 6,900,000 Salaries Collections from third parties 6.070,800 Main content 2.191.300 Operating expenses Contributions to Endowment 130,000 Other Contributions 58,500 307,000 Equipment purchases Investment Income 25,000 100.000 Payment principal LT Debt Proceeds-LT debt 600,000 130,000 Purchase Endowment Investments Ending balance 12/31 1.995,700 The hospital issued $600,000 of long-term debt during the year and purchased $307,000 of equipment. No fixed assets were sold. Required Using the information above and the Excel template provided, prepare A Statement of Operations and a Statement of Changes in Not Assets for the year ended December 31, 2020, assuming Monterey Hospital is a private not for proti Statements of Cash Flow assuming 1. Monterey Hospital is a private not-for-profit 2. Monterey Hospital is a government-owned hospital. MacBook Pro % & 9
