Multiple statements. The following are account balances (in thousands) at Sep 30

Question

Multiple statements. The following are account balances (in thousands) at Sep 30, 2012, for Edgemont Medical Center. Prepare (a) a balance sheet, (b) a statement of operations, and (c) a statement of changes in net assets for Sep 30, 2012. GIVENS INVENTORY $5,000 NET PATIENT REVENUES 197,500 GROSS PLANT, PROPERTY, AND EQUIPMENT 150,000 NET ACCOUNTS RECEIVABLE 40,000 ENDING BALANCE, TEMP RESTRICTED NET ASSETS 10,300 WAGES PAYABLE 11,500 LONG-TERM DEBT 87,000 SUPPLY EXPENSE 13,000 NET ASSETS RELEASED FROM TEMP RESTRICTION (3,500) DEPRECIATION EXPENSE 10,500 GENERAL EXPENSE 55,000 INSURANCE EXPENSE 12,000 CASH AND CASH EQUIVALENT 8,800 TRANSFER TO PARENT CORPORATION (1,300) BEGINNING BALANCE, UNRESTRICTED NET ASSETS 50,000 ACCOUNTS PAYABLE 18,000 BEGINNING BALANCE, TEMP RESTRICTED NET ASSETS 13,800 INTEREST EXPENSE 8,500 LABOR EXPENSE 85,700 ACCUMULATED DEPRECIATION 70,000 LONG-TERM INVESTMENTS 58,000 ENDING BALANCE, UN RESTRICTED NET ASSETS 65,000

Explanation / Answer

Please post the account balances in a tabular form dear, its really confusing this way. Please rate this as lifesaver. Thank u in advance. God bless u..

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