Below is a list of Currie Hospital account balances as of December 31, 2013. Prepare a balance
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Question:
Below is a list of Currie Hospital account balances as of December 31, 2013. Prepare a balance sheet as of December 31, 2013, as appropriate. (Hint: You will need to calculate the net assets account. Assume that all net assets at the beginning of the year are unrestricted.) You can use a Word document or an Excel spreadsheet to build the balance sheet.
Account balance
Gross plant and equipment $6,000,000
Accounts payable 130,000
Inventories 100,000
Other current liabilities 70,000
Net accounts receivable 650,000
Accumulated expenses 100,000
Accumulated amortization 200,000
Long-term debt 5,000,000
Cash 210,000
Related Book For
Auditing and Assurance services an integrated approach
ISBN: 978-0133125689
15th edition
Authors: Alvin a. arens, Randal j. elder, Mark s. Beasley
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