Question

journal and ledger is provided. I need help withbalance sheet and statement

GLENWOOD HOSPITAL JOURNAL AND LEDGER ASSETS LIABILITIES NET ASSETS ACETS REC PAID BAD DEBT ACCUM NON TERM PLANT & DEPRECIAL CUR C UR INVEST EQUIPTION LLITES LLITY 230000 25000 GAINS, TRAN UNREST TO NET SUPEPPENT ASSETS ASSETS AS 8700 2 51400 34000 | | 4100 TRANSACTIONS CASH BEGINNING BALANCE A-CASH PYMT ACCT PAY - COLLECT CASH OUTSTANDING ART 34000 SERVICES ON CREDIT D.USEO SERIES E. PAIO CANON INCURRED INT EXP F PURCHASED LT INVEST WITH CASH GINCUR GENTE AND PAID IN CASH H. CASH PRIN PAY LONG TERM DEBT 1 - COLLECTED CASH OUTSTANDING AR OUTSTANDING AR141000 SUPPLIES ON CREDIT KEARNEDIDID NOT REC INCOME-REST NET ASSETS L. INT EXP. WAS PAID IN CASH M-LABOR DOPPO IN CASH N- CASH PRE-PAY OF INS EXP O. CASH TRANS PARENT CO P. INCUR DEPRECIATION EXP - HOSPITAL'S PRE PAID INSURANCE EXPRED R-RECOGNIZED BAD DEBT 5. PAID CASH FOR RADIOLOGY FOUIPMENT BALANCES AFTER 14200 119330 -9000 7900 1610 286000 264100 -95300 19000 161100235330 -106240-1050 251400 4200 5100

Answer 1

GLENWOOD HOSPITAL
STATEMENT OF OPERATIONS
12/31/20X1
REVENUES
NET PATIENT REVENUE	236,000.00
EARNED/UNRECEIVED INCOME	330.00
TOTAL REVENUES	236,330.00
EXPENSES
USED SUPPLIES	3,100.00
INTEREST PAYMENT	4,820.00
GENERAL EXPENSES	8,100.00
LABOR EXPENSES	84,300.00
DEPRECIATION	5,300.00
EXPIRED PREPAID INSURANCE	620.00
RECOGNIZED BAD DEBTS	1,000.00
TOTAL EXPENSES	107,240.00
OPERATING INCOME
EXCESS OF REVENUES OVER EXPENSES	129,090.00
TRANSFER TO PARENT	1,050.00
INCREASE IN UNRESTRICTED NET ASSETS	128,040.00
GLENWOOD HOSPITAL
STATEMENT OF CHANGES IN NET ASSETS
FOR THE PERIOD ENDING DECEMBER 31, 20X1
UNRESTRICTED NET ASSETS
EXCESS OF REVENUES OVER EXPENSES	129,090.00
TRANSFER TO PARENT	(1,050.00)
INCREASE IN UNRESTRICTED NET ASSETS	128,040.00
TEMPORARILY RESTRICTED NET ASSETS
INCREASE IN TEMPORARILY RESTRICTED NET ASSETS	-
PERMANENTLY RESTRICTED NET ASSETS
INCREASE IN PERMANENTLY RESTRICTED NET ASSETS	-
INCREASE IN NET ASSETS	128,040.00
NET ASSETS,BEGINNING OF THE YEAR	260,700.00
NET ASSETS,END OF THE YEAR	388,740.00

GLENWOOD HOSPITAL BALANCE SHEET
FOR
DECEMBER 31, 20X1
		12/31/20X1	12/31/20X0			12/31/20X1	12/31/20X0
CURRENT ASSETS		14,200.00	8,000.00	CURRENT LIABILITIES		19,000	20,000
CASH
GROSS ACCOUNTS RECEIVABLE (20X0)	58,000
LESS ALLOWANCE FOR BAD DEBTS (20X0)	(8,000)			TOTAL CURRENT LIABILITIES		19,000	20,000
GROSS ACCOUNTS RECEIVABLE (20X1)	119,330
LESS ALLOWANCE FOR BAD DEBTS (20X1)	(9,000)			NON-CURRENT LIABILITIES		161,100	165,000
NET ACCOUNTS RECEIVABLE		110,330	50,000
SUPPLIES		7,900	4,900	TOTAL NON-CURRENT LIABILITIES		161,100	165,000
PREPAID EXPENSES		1,610	1,500
TOTAL CURRENT ASSETS		134,040	64,400	TOTAL LIABILITIES		180,100	185,000
NON-CURRENT ASSETS				NET ASSETS
LONG-TERM INVESTMENTS(NET)		266,000	230,000	UNRESTRICTED		380,490	251,400
PLANT,PROPERTY AND EQUIPMENT (20X0)	250,000			TEMPORARILY RESTRICTED		4,200	4,200
LESS ACCUMULATED DEPRECIATION (20X0)	(90,000)			PERMANENTLY RESTRICTED		5,100	5,100
PLANT,PROPERTY AND EQUIPMENT (20X1)	264,100			TRANSFER TO PARENT		(1,050)	-
LESS ACCUMULATED DEPRECIATION (20X1)	(95,300)			EXPENSES			8,700
NET PLANT,PROPERTY AND EQUIPMENT		168,800	160,000
TOTAL NON-CURRENT ASSETS		434,800	390,000	TOTAL NET ASSETS		388,740	269,400
TOTAL ASSETS		568,840	454,400	TOTAL LIABILITIES AND NET ASSETS		568,840	454,400

Working Notes

Total Expenses paid for in 20x1

USED SUPPLIES	3,100
INTEREST PAYMENT	4,820
GENERAL EXPENSES	8,100
LABOR EXPENSES	93,000
DEPRECIATION	5,300
EXPIRED PREPAID INSURANCE	620
TOTAL EXPENSES PAID IN 20X1	114,940
LESS: EXPENSES RELATED TO 20X0 AS SHOWN IN THE 20X0 BALANCE SHEET	(8,700)
TOTAL EXPENSES INCURRED IN 20X1	106,240

The expense related to 20X0 has been adjusted against Labor Expenses.