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Givens Interest expense 1,800 Net patient revenues, net of contractuals only 113

ID: 2776221 • Letter: G

Question

Givens
Interest expense 1,800

Net patient revenues, net of contractuals only 113,000

Unrestricted contributions 2,300

Cash 5,500

Other noncurrent assets 18,200

Temporary investments 8,800

Gross accounts receivable 42,400

Professional expense 3,200

Other current liabilities 2,100

Accrued expenses 10,000
Accounts payable 11,500

Other revenues 19,000

Long-term debt 11,600

Administrative and medical supplies expense 29,000

Gross plant and equipment 85,000

Labor expense 78,000

Prepaid expenses 2,100

Deferred revenue 2,800

Inventory 2,200

Depreciation expense 7,500

Provision bad debt expense 12,000

Accumulated depreciation 38,000

Nonoperating gains 1,800

Allowance for uncollectibles 20,000

Explanation / Answer

income statement Net sales 113000 (-)cost of goods sold 2100 (-) operating expenses 91200 (-)interest expense 1800 net income 208100 balance sheet as on december,31 20x1 -190200 assets 18200 accouts receivable 42400 machinery & equipment 85000 accumulated depreciation 7500 inventory 2200 cash 5500 total assets 160800 non current asserts 18200 liabilities 2100 notes payable(st) 1800 accounts payable 11500 long-term debt 11600 total 27000 current liabulities 2100 beginning retained earnings=113000+8800+19000+2800 143600 net income = 133800 total 279500

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