e. Am 1. Transactions plus multiple statements. List and record each transaction for Claymont Outpatient Clinic under the accrual basis of accounting at December 31, 20X1. Then develop a balance sheet as of December 31, 20X1, and a state- ment of operations for the year ended December 31, 20X1. a. The clinic received an $8,000,000 unrestricted cash contribution from the community. (Hint: this transaction increases the unrestricted net assets account.) b. The clinic purchased $5,600,000 of equipment. The clinic paid cash for the equipment. c. The clinic borrowed $3,000,000 from the bank on a long-term basis. d. The clinic purchased $600,000 of supplies on credit. The clinic provided $9,400,000 of services on credit. f. In the provision of these services, the clinic used $300,000 of supplies. g. The clinic received $740,000 in advance to care for capitated patients. h. The clinic incurred $4,000,000 in labor expenses and paid cash for them. i. The clinic incurred $2,500,000 in general expenses and paid cash for them. j. The clinic received $7,300,000 from patients and their third parties in payment of outstanding accounts. k. The clinic met $540,000 of its obligation to capitated patients in transaction g. 1. The clinic made a $300,000 cash payment on the long-term loan. m. The clinic also made a cash interest payment of $35,000. n. A donor made a temporarily restricted donation of $350,000, which is set aside in temporary investments. Formatting - Table Clipboard Font Alignment Number 3 ASSETS LIABILITIES NET ASSETS Cash Allowance Plant Revenues & Temporary Accounts for Bad Property & Accumulated Accounts Deferred Long-term Gains, and Unrestricted Restricted Investments Receivable Debts Soles Ecument Depreciation Payable Revenues Debt Other Support Expenses Net Assets Net Assets 50 SO 50 $0 50 50 50 50 $0 50 50 Transaction Beginning Bence restricted contrbution Purchased PE woh cash contained long-term bank loan a. Purchased inventory on credit e. Patent services on credt Supplies consumed 4 Captation payment SM.Lr expenses paid in cash General expenses paid in cash Pays for services 13. Provided called services 29 L Cash payment for bank loan 30 m.interest expense 21. Temporarily restricted assets 22 Depreciation eine 23 sett expense Balances 2/120X1 DO Opening income Closing come from operations to restricted to set Balance With Summarized Net Asset 50 $0 50 50 50 so $0 Motel Alpures expressed in thousands of dollars