Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 5. assume xyz hospital has $100,000 in revenues ($

5. Assume XYZ Hospital has $100,000 in revenues ($35,000 in Ancillary services revenue and $65,000...

60.1K

Verified Solution

Question

Accounting

image
5. Assume XYZ Hospital has $100,000 in revenues ($35,000 in Ancillary services revenue and $65,000 in Routine services revenue) and $18,000 in salaries and wages expense, $14,000 in supplies expense, and $16,000 in miscellaneous expense at the end of fiscal year in 2019. Make the three closing journal entr at the end of the year to close out the revenue and expense accounts. (15 points)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

9x 6 4 9x 6 Based on the equation above what is the value of...

Geometry
Q

5. Ternary strings. A ternary string is a word from the alphabet {0,1,2}{0,1,2}. For example, 022101022101...

Advance Math
Q

Use direct substitution to verify that y(t) is a solution of the given differential equation in...

Advance Math
Q

In triangle ACE G is the centroid and BE 12 Find BG and G C...

Geometry
Q

retractable awning above a patio lowers at an angle of 50 from the exterior wall...

Geometry
Q

Graphing Linear Equations by plotting points Complete the table below for the equation y 2x...

Basic Math
Q

A difference of one penny between reported EPS and analysts expectations of EPS matters a...

Accounting
Q

What is the utilization loss in units? Multiple Choice 3,250 units 2,600 units 5,150 units

Accounting
Q

QUESTION PART 1 QUESTION PART 2 Sandhill Company expects to produce 1,260,000...

Accounting
Q

Char and son company transfered in from prior department 13600 units,transfered out to next dept...

Accounting
Q

Current Attempt in Progress Sarasota Inc., a private company that applies ASPE, incurred $15,200...

Accounting
Q

explain. step by step in excel Binomial short-term interest-rate model with the true probability...

Finance