Answers_from_10_24_Class.pdf - In Class Review 10/24116#1...

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In Class Review - 10/24116 #1 - Create a Balance Sheet - BOWLES HOSPITAL AND #2 - Create a Statement of Operations - BOWLES HOSPITAL Calendar Year End - 12/31/2016 ‘r Givens (in ‘OOOs): Prepaid expense $68,000 Physician services expense $252,000 Premium revenues $1,515,000 Cash & cash equivalents $525,000 Marketing expense $350,000 Compensation expense $250,000 Other non-current assets $144,000 Interest Income and other revenue $21 ,000 Accrued expense $25,000 Outside referral expense $14,000 Claims payable - medical $585,000 Medicare revenues $445,000 Occupancy and depreciation expense $120,000 Owners’ equity $63,000 Emergency room expense $85,000 Net property and equipment $66,000 Premium receivables $145,000 Inpatient service expense $160,000 Notes payable $107,000 Interest expense $12,000 Unearned premium revenues $75,000 Medicaid revenues $295,000 Long-term debt $93,000 Other administrative expense $175,000
BOWLES HOSP Balance Sheet (in ‘OOOs) September 30, 20X1 9130120X1 Current assets: Cash & cash equivalents $525,000 Premium receivables 145,000 Prepaid expense 68,000 Total current assets 738,000 Net property and equipment 66,000 Other non-current assets 144,000 Total assets $948,000 Current liabilities: Claims

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