Question: This is a 3 part assignment. Using this information ----- Putman Medical Center Putman Medical Center is a large Midwestern acute care and ambulatory facility
This is a 3 part assignment. Using this information ----- Putman Medical Center Putman Medical Center is a large Midwestern acute care and ambulatory facility serving an urban city population. Givens (in '000s): Insurance expense $70,000 Cash $23,000 Patient revenues (net of contractuals) $614,000 Net accounts receivable $25,000 Ending balance, temporarily restricted net assets $8,700 Wages payable $9,100 Prepaid expense $1,100 Long-term debt $191,700 Supply expense $66,000 Gross plant, property, and equipment $556,000 Net assets released from temporary restriction $8,000 Depreciation expense $10,000 General expense $95,000 Transfer to parent corporation ($8,000) Beginning balance, unrestricted net assets $203,400 Accounts payable $21,000 Beginning balance, temporarily restricted net assets $16,700 Provision for bad debt expense $5,400 Labor expense $145,000 Accumulated depreciation $99,000 Long-term investments $150,400 Ending balance, unrestricted net assets $426,000 -------PLEASE PROVIDE A
| Balance Sheet (in '000s) | |
| For the Year Ended September 30, 2016 | |
| 9/30/2016 | |
| Current assets | |
| Cash and cash equivalents | |
| Net accounts receivable | |
| Inventory | |
| Total current assets | |
| Gross plant, property, and equipment | |
| (less accumulated depreciation) | |
| Net plant, property & equipment | |
| Long-term investments | |
| Total assets | $0 |
| Current liabilities | |
| Accounts payable | |
| Wages payable | |
| Total current liabilities | |
| Long-term debt | |
| Total liabilities | |
| Net assets | |
| Ending balance, unrestricted net assets | |
| Ending balance, temporarily restricted net assets | |
| Total net assets | |
| Total liabilities and net assets | $0 |
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