Multiple statements. The following are accounts are account balances (in thousan

Question

Multiple statements. The following are accounts are account balances (in thousands) at Sep 30, 2012, for El Paso Outpatient 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 INSURANCE EXPENSE $35,000 CASH 44,000 NET PATIENT REVENUE 4 24,000 NET ACCOUNT RECEIVABLE 19,000 END. BALANCE, TEMP. RESTRICTED NET ASSETS 23,000 WAGES PAYABLE 3,400 PREPAID EXPENSE 1,500 LONG-TERM DEBT 153,000 SUPPLY EXPENSE 44,000 GROSS PLANT, PROPERTY, AND EQUIPMENT 335,000 NET ASSETS RELEASED FROM TEMPORARY RESTRICTION 13,700 DEPRECIATION EXPENSE 13,600 GENERAL EXPENSE 88,000 TRANSFER TO PARENT CORPORATION (11,000) BEGIN. BALANCE, UNRESTRICTED NET ASSETS 203,400 ACCOUNTS PAYABLE 41,000 BEGIN. BALANCE, TEMP. RESTRICTED NET ASSETS 36,700 INTEREST EXPENSE 5,400 LABOR EXPENSE 245,000 ACCUMULATED DEPRECIATION 110,000 LONG-TERM INVESTMENTS 130,000 END. BALANCE, UNRESTRICTED NET ASSETS 199,100

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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