Healthcare Applications: A Casebook in Accounting and Financial Management
Summary transaction data for the entire fiscal year follows:
The hospital earned $ in revenues, of which percent was collected in cash and percent remained in receivables and uncollected.
Operating expenses totaled $ of which all but $ has been paid by fiscal yearend.
A $ payment on the principal of the bonds payable was made.
$ of new equipment was purchased for cash.
Assignment
Update the financial statements for the transaction data while ignoring any other possible changes in the accounts or adjusting entries. Prepare the following:
A fiscal operations statement
A fiscal cash flow statement using the assumption that all and current assets were held in the form of cash and cash equivalents
A December balance sheet
