Please reference transaction exercise 18 in the supplemental Principles and Practices of Accounting PDF file for this question.Using the excel template provided within the week 3folder,list and record each 20X1 transaction under the accrual basis of accounting. When complete, develop a balance sheet for years-ended 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 assets,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

Accrued expenses

$22,000

Long-term debt

$1,300,000

Unrestricted net assets

$652,300

Permanently restricted net assets

$95,000

Multiple Choice Question:Total Assets,of the equation Assets=Liabilities+Net Assets,for20X1equals:

a.

$747,300

b.

$2,204,500

c.

$2,144,300

d.

$1,134,000

Please reference transactionexercise 18 in the supplemental Principles and Practices of Accounting PDF file for this question. Using the excel template provided within the week 3folder,list and record each 20X1 transaction under the accrual basis of accounting. When complete, develop a balance sheet for years-ended 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 assets,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

Accrued expenses

$22,000

Long-term debt

$1,300,000

Unrestricted net assets

$652,300

Permanently restricted net assets

$95,000

Multiple Choice Question:Total Liabilities,of the equation Assets=Liabilities+Net Assets,for20X1equals:

$70,500

$97,000

$1,070,500

$1,840,000

Please reference transactionexercise 18 in the supplemental Principles and Practices of Accounting PDF file for this question. Using the excel template provided within the week 3folder,list and record each 20X1 transaction under the accrual basis of accounting. When complete, develop a balance sheet for years-ended 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 assets,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

Accrued expenses

$22,000

Long-term debt

$1,300,000

Unrestricted net assets

$652,300

Permanently restricted net assets

$95,000

Multiple Choice Question:Total Net Assets,of the equation Assets=Liabilities+Net Assets,for20X1equals:

$747,300

$129,300

$1,134,000

$1,840,000