Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

This is a 3 part assignment. Using this information ----- Putman Medical Center Putman Medical Center is a large Midwestern acute care and ambulatory facility

This is a 3 part assignment. Using this information ----- Putman Medical Center Putman Medical Center is a large Midwestern acute care and ambulatory facility serving an urban city population. Givens (in '000s): Insurance expense $70,000 Cash $23,000 Patient revenues (net of contractuals) $614,000 Net accounts receivable $25,000 Ending balance, temporarily restricted net assets $8,700 Wages payable $9,100 Prepaid expense $1,100 Long-term debt $191,700 Supply expense $66,000 Gross plant, property, and equipment $556,000 Net assets released from temporary restriction $8,000 Depreciation expense $10,000 General expense $95,000 Transfer to parent corporation ($8,000) Beginning balance, unrestricted net assets $203,400 Accounts payable $21,000 Beginning balance, temporarily restricted net assets $16,700 Provision for bad debt expense $5,400 Labor expense $145,000 Accumulated depreciation $99,000 Long-term investments $150,400 Ending balance, unrestricted net assets $426,000 -------PLEASE PROVIDE A

Balance Sheet (in '000s)
For the Year Ended September 30, 2016
9/30/2016
Current assets
Cash and cash equivalents
Net accounts receivable
Inventory
Total current assets
Gross plant, property, and equipment
(less accumulated depreciation)
Net plant, property & equipment
Long-term investments
Total assets $0
Current liabilities
Accounts payable
Wages payable
Total current liabilities
Long-term debt
Total liabilities
Net assets
Ending balance, unrestricted net assets
Ending balance, temporarily restricted net assets
Total net assets
Total liabilities and net assets $0

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Computers In Medical Audit A Guide Commissioned By The West Midlands Regional Health Authority

Authors: R. Tyndall, Michael Rigby, Anne McBride, Chris Shiels

2nd Edition

1853151777, 978-1853151774

More Books

Students also viewed these Accounting questions

Question

What are the two fundamental e-business models?

Answered: 1 week ago