The following are account balances for Scott Regional Hospital as of September 30, 20X1. Prepare a balance sheet at September 30, 20X1 for Scott Regional Hospital. You will create a balance sheet outside Blackboard. Enter balances for Total Current Assets; Net plant, property & equipment; Total Assets; Total Current Liabilities; Total Liabilities; Total net assets and Total liabilities and net assets. Givens: Gross plant, property, and equipment $25,000,000 Accrued expenses $2,750,000 Cash $2,000,000 Net accounts receivable $9,500,000 Accounts payable $6,200,000 Long-term debt $16,000,000 Supplies $2,000,000 Accumulated depreciation $1,750,000
The following are account balances for Scott Regional Hospital as of September 30, 20X1. Prepare a balance sheet at September 30, 20X1 for Scott Regional Hospital. You will create a balance sheet outside Blackboard. Enter balances for Total Current Assets; Net plant, property & equipment; Total Assets; Total Current Liabilities; Total Liabilities; Total net assets and Total liabilities and net assets. Givens: Gross plant, property, and equipment $25,000,000 Accrued expenses $2,750,000 Cash $2,000,000 Net accounts receivable $9,500,000 Accounts payable $6,200,000 Long-term debt $16,000,000 Supplies $2,000,000 Accumulated depreciation $1,750,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The following are account balances for Scott Regional Hospital as of September 30, 20X1. Prepare a
| Givens: | |
| Gross plant, property, and equipment | $25,000,000 |
| Accrued expenses | $2,750,000 |
| Cash | $2,000,000 |
| Net |
$9,500,000 |
| Accounts payable | $6,200,000 |
| Long-term debt | $16,000,000 |
| Supplies | $2,000,000 |
| $1,750,000 |
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