Question

The following is the pre-closing trial balance for Christina Rehabilitation Hospital as of September 30, 2014.


Required
a. Prepare a statement of operations and a statement of changes in net assets for the year ended September 30, 2014. Not included on the trial balance is the fact that $1,010 has been released from temporary purpose restrictions.
b. Prepare a balance sheet as of September 30, 2014. The pledges and investments are both long-term. Not included on the trial balance is the fact that $15,000 of bonds will be due in 2015 and must be reclassified on the balancesheet.


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  • CreatedJanuary 11, 2014
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