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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