Here is financial statement information on four- not- for- profit clinics. Decem
ID: 2699081 • Letter: H
Question
Here is financial statement information on four- not- for- profit clinics.
December 31, 2010 PITTMAN ROSE BECKMAN JAFFE
ASSETS 80,000 100,000 (G) ? 150,000
LIABILITIES 50,000 (D) ? 75,000 (J)?
EQUITY (A) 60,000 45,000 90,000
DECEMEBER 31,2011
ASSETS (B) (?) 130,000 180,000 K (?)
LIABILITIES 55,000 62,000 H (?) 80,000
EQUITY 45,000 (E)? 110,000 145,000
DURING 2011
TOTAL REVENUES (C) (?) 400,000 (I) (?) 500,000
TOTAL EXPENSES 330,000 (F) (?) 360,000 (L) (?)
Explanation / Answer
Assets = Liabilites + Equity
G = 75000+45000 = 120,000
D = 100000-60000 = 40,000
J = 150000-90000 = 60,000
A = 80000-50000 = 30,000
B = 55000+45000 = 100,000
K = 80000+145000 = 225,000
H = 180000-110000 = 70,000
E = 130000-62000 = 68,000
Revenues = Expenses
C = 330,000
I = 360,000
F = 400,000
L = 500,000
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