By Maddypower
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1 min read
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123 views
Review the following table: XYZ Hospital Balance Sheet December 31, 20xx DescriptionAmountCurrent AssetsCash and investments (savings/checking)$80,000Patient revenue (money owed to hospital)$472,000Inventory (on the shelf)$16,400Subtotal$568,400LessBad debt($57,200)Charitable allowance($14,100)Contractual allowance($269,300)Subtotal($340,600)Total Current Assets$227,800Fixed AssetsLand$29,000Buildings (plant)$805,000Equipment$610,000Construction in progress$37,000Total Fixed Assets$1,481,000Less accumulated depreciation($880,800)Net Fixed Assets$600,200Total Assets$828,000Current LiabilitiesAccounts payable salaries, supplies, pharmaceutical$36,560Accrued compensation and benefits$10,900Accrued liabilities (interest,…