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Below is a list of account balances for Currie Hospital as of December 31, 2013. Prepare a balance sheet as of December 31, 2013, in proper form. (Hint: You will need to compute the net assets account. Assume that all net assets at the beginning of the year are unrestricted.)

You may use either a Word document or excel spreadsheet to construct the balance sheet.

Account                                     Balance

gross plant & equipment           6,000,000

accounts payable                      130,000

Inventories                                100,000

Other current Liabilities            70,000

Net accounts receivable            650,000

Accrued expenses                    100,000

accumulated deprecation          200,000

long-term debt                           5,000,000

Cash                                         210,000

Financial Management, Finance

  • Category:- Financial Management
  • Reference No.:- M91670967

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