Question: Please reference transaction exercise 18 in the supplemental Principles and Practices of Accounting PDF file for this question. Uning the excel template provided within the
Please reference transaction exercise 18 in the supplemental Principles and Practices of Accounting PDF file for this question. Uning the excel template provided within the week 3 folder, list and record each 20x1 transaction under the accrual basis of accounting. When complete, develop a balance sheet for yours-anded 20X0 and 20x1, and a 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 asneta, liabilities and net asset accounts as 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 $22.000 Multiple Choice Question: Totul Liabilities of the equation Annets Ladies Not Assets, tor 20x1 quale Accrued expenses $1,300,000 Long-term debt Unrestricted net assets $652,300 Permanently restricted net assets $95.000 $70,500 $97.000 $1.070,500 51.840,000 Please reference transaction exercise 18 in the supplemental Principles and Practices of Accounting PDF file for this question. Uning the excel template provided within the week 3 folder, list and record each 20x1 transaction under the accrual basis of accounting. When complete, develop a balance sheet for yours-anded 20X0 and 20x1, and a 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 asneta, liabilities and net asset accounts as 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 $22.000 Multiple Choice Question: Totul Liabilities of the equation Annets Ladies Not Assets, tor 20x1 quale Accrued expenses $1,300,000 Long-term debt Unrestricted net assets $652,300 Permanently restricted net assets $95.000 $70,500 $97.000 $1.070,500 51.840,000
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