Question: a, b, and c 15. Multiple statements. The following are account balances as of September 30, 20x1, for Exton Outpatient Center. Prepare (a) a balance

15. Multiple statements. The following are account balances as of September 30, 20x1, for Exton Outpatient Center. Prepare (a) a balance sheet, (b) a statement of operations, and (c) a statement of changes in net assets for September 30, 20X1. Givens $55,000 Insurance expense $33,000 Depreciation expense $61,000 Cash General expense $255,000 Patient revenue (net of contractuals) $1,100,000 Transfer to parent corporation $55,000 Net accounts receivable $350,000 Beginning balance, unrestricted net assets $275,000 Ending balance, temporarily restricted net assets $48,000 Accounts payable $23,000 Wages payable $37,000 Beginning balance, temporarily restricted net assets $70,000 Prepaid expenses $8,000 Provision for bad debts $8,000 Long-term debt $270,000 Labor expense Supply expense Accumulated depreciation Gross plant, property, and equipment Ending / beginning balance, permanently restricted net assets Net assets released from temporary restriction Ending balance, unrestricted net assets $470,000 $65,000 $450,000 $900,000 $35,000 $22,000 $456,000
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