Question

Create a statement of operation for Chester Springs Hospital

Note: Not all of the givens may be used.

Givens (in '000s) For the Year Ended September 30, 20x1

Bad debt expense                                                                                                     $10,200

Cash                                                                                                                          $14,300

Net patient revenues                                                                                              $198,700

Net accounts receivable                                                                                           $26,400

Wages payable                                                                                                         $10,500

Inventory                                                                                                                     $3,800

Long-term debt                                                                                                         $27,000

Supply expense                                                                                                         $25,000

Gross plant, property, and equipment                                                                   $130,000

Parking revenue                                                                                                         $1,200

Depreciation expense                                                                                               $11,300

General expense                                                                                                       $48,000

Taxes                                                                                                                        ($1,400)

Accounts payable                                                                                                        $4,800

Interest expense                                                                                                         $1,400

Labor expense                                                                                                          $93,000

Accumulated depreciation                                                                                       $40,000

Long-term investments                                                                                          $104,800

Answer 1