Question: Sorry I should have specified, I ' m hung up on A 2 and B . As shown in the pictures, I already have part

Sorry I should have specified, I'm hung up on A2 and B. As shown in the pictures, I already have part A1. The following selected events and transactions were recorded by Milos County Hospital.
Gross charges for hospital services, all charged to accounts and notes receivable, were as follows:
The hospital cafeteria and gift shop had cash sales of $295,300
Additional information determined subsequently to recording patient service revenues and relating to the current year
is as follows:
A federal cost reimbursement research grant of $350,000 was awarded. As of the end of the year, $200,000 in
expenses related to the grant had been made.
Vouchers totaling $1,326,540 were issued for the following items:
Collections of accounts receivable totaled $1,159,000. Accounts written off as uncollectible amounted to $11,900.
Cash payments on vouchers payable (paid to employers and suppliers) during the year were $1,031,200.
Supplies of $99,770 were issued to nursing services.
On December 31, accrued interest income on investments was $800.
Depreciation of buildings and equipment was as follows:
On December 31, closing entries were made in the general journal.
Answer is not complete.
Complete this question by entering your answers in the tabs below.
Required A1
Required B
Prepare journal entries for each of the transactions in accordance with the standards for a governmental health care entity that
follows proprietary fund accounting. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the
first account field.)
Prepare closing entries in accordance with the standards for a governmental health care entity that follows proprietary fund accounting. (If no
entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)
Calculate the net patient service revenue that would be reported on the statement of revenues, expenses, and changes in net
position.
 Sorry I should have specified, I'm hung up on A2 and

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!