Prepare an income statement based on the following accounts. Not all accounts listed are relevant to the
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Prepare an income statement based on the following accounts. Not all accounts listed are relevant to the successful completion of this problem. You may complete this problem in Excel and cut and paste it to this exam.
Cash | $5,400,000.00 |
Patient Service revenue | $3,500,000.00 |
Patient Receivable | $1,600,000.00 |
Premium Revenue | $ 75,000.00 |
Supplies | $ 45,000.00 |
Supply Expense | $ 50,000.00 |
Prepaid Insurance | $ 85,000.00 |
Insurance Expense | $ 700,000.00 |
Depreciation Expense | $ 120,000.00 |
Salary Expense | $ 345,000.00 |
Salary Payable | $ 268,000.00 |
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