create a income statement and a statement of owners equity nb. no sales or cost of good sold was given cash $360,000 Investment $242,000 Patient accounts receivables $57,000 Accounts receivables $44,000 Other current assets $144,000 Building $700,000 Accumulated depreciation building $235,000 Long term receivables $588,000 Land $285,000 Accounts payable $99,300 Short term notes payable $70,000 Interest payable $30,000 Rent payable $5000 Long term notes payable $136,000 Long term deferred gain on real estate $85,000 Common stock $400,000 Retained earnings $1,082,000 Net patient revenues $2,359,000 Research revenues $588,000 Benefits expense $1,483,000 Depreciation equipment $140,000 Advertising equipment $52,000 Insurance expense $4,300 Rent expense $46,000 Supplies expense $38,000 Salaries expense $692,000 Amortization expense $98,000 Repairs expense $73,000 Utilities expense $43,000
create a income statement and a statement of owners equity nb. no sales or cost of good sold was given cash $360,000 Investment $242,000 Patient accounts receivables $57,000 Accounts receivables $44,000 Other current assets $144,000 Building $700,000 Accumulated depreciation building $235,000 Long term receivables $588,000 Land $285,000 Accounts payable $99,300 Short term notes payable $70,000 Interest payable $30,000 Rent payable $5000 Long term notes payable $136,000 Long term deferred gain on real estate $85,000 Common stock $400,000 Retained earnings $1,082,000 Net patient revenues $2,359,000 Research revenues $588,000 Benefits expense $1,483,000 Depreciation equipment $140,000 Advertising equipment $52,000 Insurance expense $4,300 Rent expense $46,000 Supplies expense $38,000 Salaries expense $692,000 Amortization expense $98,000 Repairs expense $73,000 Utilities expense $43,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
with this data
create a income statement and a statement of owners equity
nb. no sales or cost of good sold was given
cash $360,000
Investment $242,000
Patient accounts receivables $57,000
Accounts receivables $44,000
Other current assets $144,000
Building $700,000
Long term receivables $588,000
Land $285,000
Accounts payable $99,300
Short term notes payable $70,000
Interest payable $30,000
Rent payable $5000
Long term notes payable $136,000
Long term deferred gain on real estate $85,000
Common stock $400,000
Net patient revenues $2,359,000
Research revenues $588,000
Benefits expense $1,483,000
Depreciation equipment $140,000
Advertising equipment $52,000
Insurance expense $4,300
Rent expense $46,000
Supplies expense $38,000
Salaries expense $692,000
Amortization expense $98,000
Repairs expense $73,000
Utilities expense $43,000
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