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.

Transcribed Image Text:

CHRISTINA REHABILITATION HOSPITAL Pre-closing Trial Balance September 30, 2014 (000s omitted) Debits $ 45,525 61,850 Credits Cash and Cash Equivalents Accounts Receivable Allowance for Uncollectible Receivables Inventory Prepaid Expenses Assets Limited as to Use-Investments Investments Pledges Receivable Discount on Pledges Receivable Land Buildings Accumulated Depreciation-Buildings Equipment Accumulated Depreciation-Equipment Accounts Payable Accrued Payables Interest Payable Bonds Payable Other Long-term Liabilities Net Assets-Unrestricted Net Assets-Temporarily Restricted Net Assets-Permanently Restricted Patient Service Revenue Contractual Adjustments Other Operating Revenue Contributions Temporarily Restricted Contributions-Permanently Restricted Investment Income-Unrestricted Investment Income Temporarily Restricted Unrealized Gain on Investments-Temporarily Restricted Salary Expense Supplies Expense Provision for Uncollectible Accounts Depreciation Expense Interest Expense Unrealized Loss on Investments-Unrestricted $16,550 8,410 6,610 49,440 198,000 3,820 910 7,580 324,440 142,960 259,160 118,040 20,730 26,790 1,070 173,000 126,700 221,105 78,600 27,110 1,063,360 550,980 11,330 6,540 130 7,300 470 590 338,520 140,610 17,030 25,230 5,130 950 Total $2,043,285 $2,043,285