QUESTIONS Piease 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 3 folder, list and record each 20X1 transaction under the accrual basis of accounting. When complete, develop a balance sheet for years onded 200 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 anding balancen for its assets, liabilities and not 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 Multiple Choice Question: Total Assets, of the equation Assets Cablities + Net Assets, for 20x1 equals: 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 5747.300 52204,500 O $2.144 300 d. $1,134,000 QUESTIONS 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 3 folder 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, labolition and net asset accounts as of December 21, 20x0 $50,000 Accounts receivable $85.000 Allowance for uncollectibles $15.000 Inventory of supples 58.000 Prepaid insurance $1,300 Long-term investments $15.000 Plant, property and equipment $4,000,000 Multiple Choice Question: Total Assets of the equation Assets Liabilities + Net Assets for 20x Accumulated depreciation $2.000.000 1 equals Accounts payable $75,000 Accrued expenses $22.000 Long-term debit $1,300,000 Unrestricted net assets $652 300 Permanently restricted net assets $95.000 a $747 300 Ob 52 204,500 c 52.144,300 Od $1,134,000