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P7.3. Gaterburg Hospital's general ledger contains the following unad- justed account balances, among others, for December...
P7.1. Goodness Hospital's general ledger contains the following unadjusted account balances, among others, at December 31,...
P7.1. Goodness Hospital's general ledger contains the following unadjusted account balances, among others, at December 31, 20X1: 130 Acct. No. 104 Accounts receivable $ 850,000 105 Allowance for uncollectible accounts -0- 120 Land 25,000 Buildings 3,000,000 131 Accumulated depreciation-buildings -0- 140 Equipment 1,800,000 Accumulated depreciation equipment 501 Contractual adjustments 502 Charity care adjustments 607 Depreciation expense 609 Bad debt expense The following additional information is available: 1. Of the December 31, 20x1, accounts receivable, it is estimated that 15 percent...
Gaterburg Hospital’s general ledger contains the following unadjusted account balances, among others, for December 31, 20X5:...
Gaterburg Hospital’s general ledger contains the following unadjusted account balances, among others, for December 31, 20X5: Acct. No. 104 Accounts receivable $120,000 105 Allowance for uncollectible accounts -0- 120 Land 15,000 130 Buildings 900,000 131 Accumulated depreciation—buildings 80,000 140 Equipment 450,000 141 Accumulated depreciation—equipment 120,000 501 Contractual adjustments -0- 502 Charity care adjustments -0- 607 Depreciation expense -0- 609 Bad debt expense -0- The following additional information is available: 1. Of the December 31, 20X5, accounts receivable, it is estimated...
P7.2. Certain of the accounts in Gateway Hospital's preadjusted trial balance at December 31, 20X6, are...
P7.2. Certain of the accounts in Gateway Hospital's preadjusted trial balance at December 31, 20X6, are as follows: Acct. No. $ 60,000 102 103 104 -O- 105 Temporary investments Accrued interest receivable Accounts receivable Allowance for uncollectible accounts Prepaid insurance Land Buildings 107 120 130 940,000 3,000 1,800 50,000 4,000,000 450,000 1,900,000 750,000 100,000 -0- 131 140 141 202 203 205 250 403 404 501 502 604 607 608 609 Accumulated depreciation-buildings Equipment Accumulated depreciation-equipment Notes Payable Accrued interest payable...
18.2. Certain of the adjusted balances in the ledger of Gatorberg Hospital at December 31, 20x1,...
18.2. Certain of the adjusted balances in the ledger of Gatorberg Hospital at December 31, 20x1, the end of the hospital's current fiscal year, are provided here: Acct. No. 301 Hospital net assets 302 Revenue and expense summary 401 Routine services revenue 402 Ancillary services revenue 403 Interest income 404 Rental income 405 Tuition income 406 Other operating revenues 501 Contractual adjustments 502 Charity care adjustments 601 Salaries and wages expense 602 Supplies expense 603 Utilities expense $275,000 -0- 159,700...
That is the question, the below is the figure to which it refers. 18.1. Given here...
That is the question, the below is the figure to which it
refers.
18.1. Given here is the preadjusted trial balance of Greatville Hospital at December 31, 20x1, the end of the hospital's current fiscal year: Dr. Cr. $ 31,600 15,000 -0- 102,400 Acct. No. 101 102 103 104 105 106 107 108 109 120 130 $ -- Cash Temporary investments Accrued interest receivable Accounts receivable Allowance for uncollectible accounts Inventory Prepaid insurance Prepaid rent Prepaid interest Land Buildings 11,600...
P5.5. Eunice Hospital's preadjusted trial balance at December 31, 20x1, included the following accounts, among others:...
P5.5. Eunice Hospital's preadjusted trial balance at December 31, 20x1, included the following accounts, among others: Acct. No. -O- 80,000 -0- 107 108 109 202 203 204 250 601 604 606 608 Prepaid insurance Prepaid rent Prepaid interest Notes Payable Accrued interest payable Accrued salaries and wages payable Bonds payable Salaries and wages expense Insurance expense Rent expense Interest expense 100,000 399,500 5,760 2,700 4,800 The following additional information is available: 1. A three-year insurance premium was prepaid on January...
Gracious Hospital purchased the following plant assets on January 1, 20X1: Estimated Cost Salvage Value &n
Gracious Hospital purchased the following plant assets on January 1, 20X1: Estimated Cost Salvage Value Useful Life (Years) Land $ 100,000 Buildings 8,000,000 $1,600,000 40 Equipment 4,500,000 500,000 20 Required: (1) Assuming straight-line depreciation, what is the depreciation expense for 20X4? (2) At what amount, net of accumulated depreciation, would these assets be presented in the balance sheet of the hospital at December 31, 20X6?
Company C started business on January 1, 20X1, and bought the following piece of equipment. Cost...
Company C started business on January 1, 20X1, and bought the following piece of equipment. Cost of asset $200,000 Salvage 20,000 Useful life 5 Tax rate 21% 20X1 estimated tax payment 4,000 Depreciation for book and tax purposes is as follows: Book Tax 20X1 36,000 80,000 20X2 36,000 48,000 20X3 36,000 28,800 20X4 36,000 17,280 20X5 36,000 5,920 20X1 income statement information: Sales 362,000 Expenses (does not include depreciation expense and tax expense) 217,000 What is the ending balance of...
Company C started business on January 1, 20X1, and bought the following piece of equipment. Cost...
Company C started business on January 1, 20X1, and bought the following piece of equipment. Cost of asset $700,000 Salvage 70,000 Useful life 5 Tax rate 21% 20X1 estimated tax payment 14,000 Depreciation for book and tax purposes is as follows: Book Tax 20X1 126,000 280,000 20X2 126,000 168,000 20X3 126,000 100,800 20X4 126,000 60,480 20X5 126,000 20,720 20X1 income statement information: Sales 1,267,000 Expenses (does not include depreciation expense and tax expense) 760,000 What is the ending balance of...
Company D started business on January 1, 20X1, and bought the following piece of equipment. Cost...
Company D started business on January 1, 20X1, and bought the following piece of equipment. Cost of asset $300,000 Salvage 30,000 Useful life 5 Tax rate 21% 20X1 estimated tax payment 6,000 Depreciation for book and tax purposes is as follows: Book Tax 20X1 54,000 120,000 20X2 54,000 72,000 20X3 54,000 43,200 20X4 54,000 25,920 20X5 54,000 8,880 What is the ending balance of deferred taxes payable-depreciation on the December 31, 20X3 balance sheet? (You do not need income statement...
P7.1. Goodness Hospital's general ledger contains the following unadjusted account balances, among others, at December 31, 20X1: 130 Acct. No. 104 Accounts receivable $ 850,000 105 Allowance for uncollectible accounts -0- 120 Land 25,000 Buildings 3,000,000 131 Accumulated depreciation-buildings -0- 140 Equipment 1,800,000 Accumulated depreciation equipment 501 Contractual adjustments 502 Charity care adjustments 607 Depreciation expense 609 Bad debt expense The following additional information is available: 1. Of the December 31, 20x1, accounts receivable, it is estimated that 15 percent...
P7.2. Certain of the accounts in Gateway Hospital's preadjusted trial balance at December 31, 20X6, are as follows: Acct. No. $ 60,000 102 103 104 -O- 105 Temporary investments Accrued interest receivable Accounts receivable Allowance for uncollectible accounts Prepaid insurance Land Buildings 107 120 130 940,000 3,000 1,800 50,000 4,000,000 450,000 1,900,000 750,000 100,000 -0- 131 140 141 202 203 205 250 403 404 501 502 604 607 608 609 Accumulated depreciation-buildings Equipment Accumulated depreciation-equipment Notes Payable Accrued interest payable...
18.2. Certain of the adjusted balances in the ledger of Gatorberg Hospital at December 31, 20x1, the end of the hospital's current fiscal year, are provided here: Acct. No. 301 Hospital net assets 302 Revenue and expense summary 401 Routine services revenue 402 Ancillary services revenue 403 Interest income 404 Rental income 405 Tuition income 406 Other operating revenues 501 Contractual adjustments 502 Charity care adjustments 601 Salaries and wages expense 602 Supplies expense 603 Utilities expense $275,000 -0- 159,700...
That is the question, the below is the figure to which it
refers.
18.1. Given here is the preadjusted trial balance of Greatville Hospital at December 31, 20x1, the end of the hospital's current fiscal year: Dr. Cr. $ 31,600 15,000 -0- 102,400 Acct. No. 101 102 103 104 105 106 107 108 109 120 130 $ -- Cash Temporary investments Accrued interest receivable Accounts receivable Allowance for uncollectible accounts Inventory Prepaid insurance Prepaid rent Prepaid interest Land Buildings 11,600...
P5.5. Eunice Hospital's preadjusted trial balance at December 31, 20x1, included the following accounts, among others: Acct. No. -O- 80,000 -0- 107 108 109 202 203 204 250 601 604 606 608 Prepaid insurance Prepaid rent Prepaid interest Notes Payable Accrued interest payable Accrued salaries and wages payable Bonds payable Salaries and wages expense Insurance expense Rent expense Interest expense 100,000 399,500 5,760 2,700 4,800 The following additional information is available: 1. A three-year insurance premium was prepaid on January...
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