Currie Hospital Accounting Assignment Help With Solution

Posted on March 7, 2017

    Currie Hospital Accounting Assignment Help With Solution

     

    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.)
     

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    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

     

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