list of account balances for Currie Hospital as of December 31, 2013, health and medicine homework help
Below is a list of account balances for Currie Hospital as of December 31, 2013. Prepare a balance sheet as of December 31, 2013, in proper form. (Hint: You will need to compute the net assets account. Assume that all net assets at the beginning of the year are unrestricted.)
You may use either a Word document or an Excel spreadsheet to construct the balance sheet.
|
Account |
Balance |
|
|
Gross plant & equipment |
$6,000,000 |
|
|
Accounts payable |
130,000 |
|
|
Inventories |
100,000 |
|
|
Other current liabilities |
70,000 |
|
|
Net accounts receivable |
650,000 |
|
|
Accrued expenses |
100,000 |
|
|
Accumulated depreciation |
200,000 |
|
|
Long-term debt |
5,000,000 |
|
|
Cash |
210,000 |
