Question: Please reference transaction exercise 18 in the supplemental Principles and Practices of Accounting PDF file for this question. Using the col template provided within the
Please reference transaction exercise 18 in the supplemental Principles and Practices of Accounting PDF file for this question. Using the col template provided within the week 3 folder, list and record each 20x1 transaction under the accrual basis of counting. When complete, develop a balance shoot for year-ended 2010 and 20X1, onda statement of operations. For this and the next 3 questions, you will be asked to provide a balance or amount from the resulting balance sheet and/or statement of operations Surgery Center, Inc. had the following ending balances for its asset, liabilities and net asset accounts of December 21,20x0 Cash $50,000 Accounts receivable $85.000 Allowance for uncollectibles $15,000 Inventory of supples $8,000 Prepaid insurance $1,300 Long-term investments $15,000 Plant, property and equipment $4,000,000 Accumulated depreciation $2,000,000 Accounts payable $75,000 Aconued expenses $22.000 Multiple Choice Question: Total Net sets of the gation Assets Les Net Asets for 201qun Long-term debt $1,300,000 Urestricted net assets $652.300 Permanently restricted net assets $95.000 5747300 $120.00 $1,134,000 $1.640.000 Please reference transaction exercise 18 in the supplemental Principles and Practices of Accounting PDF file for this question. Using the col template provided within the week 3 folder, list and record each 20x1 transaction under the accrual basis of counting. When complete, develop a balance shoot for year-ended 2010 and 20X1, onda statement of operations. For this and the next 3 questions, you will be asked to provide a balance or amount from the resulting balance sheet and/or statement of operations Surgery Center, Inc. had the following ending balances for its asset, liabilities and net asset accounts of December 21,20x0 Cash $50,000 Accounts receivable $85.000 Allowance for uncollectibles $15,000 Inventory of supples $8,000 Prepaid insurance $1,300 Long-term investments $15,000 Plant, property and equipment $4,000,000 Accumulated depreciation $2,000,000 Accounts payable $75,000 Aconued expenses $22.000 Multiple Choice Question: Total Net sets of the gation Assets Les Net Asets for 201qun Long-term debt $1,300,000 Urestricted net assets $652.300 Permanently restricted net assets $95.000 5747300 $120.00 $1,134,000 $1.640.000
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