13–12
Buildings 28,000,000
3. Patient accounts receivable 20,000,000
Patient service revenue 20,000,000
4. Patient accounts receivable 10,000,000
Patient service revenue 10,000,000
6. Patient accounts receivable 2,000,000
7. Patient accounts receivable 5,000,000
Patient service revenues 5,000,000
8. Health care services 22,000,000
Dietary services 4,000,000
9. Interest expense 2,400,000
13–13
Revenue bonds payable 1,600,000
10. Health care services 2,000,000
11. Health care services 1,000,000
13. Long-term investments, restricted for capital acquisition 250,000
Temporarily restricted support – contributions 250,000
14. Interest in net assets of Central Hospital Foundation 300,000
(b)
Cort Hospital
Statement of Operations
For the Year Ended December 31, 2013
——————————————————————————————————————————————
13–14
Dietary services 4,000,000
(c)
Cort Hospital
Statement of Changes in Net Assets
For the Year Ended December 31, 2013
——————————————————————————————————————————————
Unrestricted net assets:
Excess of revenues over expenses $ 3,620,000
Change in interest in net assets of Central Hospital Foundation 50,000
13–15
(d)
Cort Hospital
Balance Sheet
December 31, 2013
——————————————————————————————————————————————
ASSETS LIABILITIES AND FUND BALANCE
Current: Current:
Interest in net assets of Cort Hospital
Foundation 250,000
Assets limited as to use: Long-term debt:
——————————————————————————————————————————————
P 13-8 (Moderate, 90 minutes)
(a)
1. Patient accounts receivable 3,300,000
Patient service revenue 3,300,000
a. Provision for contractual adjustments 400,000
13–16
3. Health care services 2,140,000
4. Cash—board designated for nursing education 30,000
6. Cash 2,200,000
7. Accounts payable 1,900,000
Cash 1,900,000
8. Health care services 30,000
9. Depreciation expense—building 40,000
10. Bonds payable 100,000
Interest expense 120,000
12. Provision for contractual adjustments 40,000
Estimated third-party payer settlements 40,000
13–17
(b)
Jayce County General Hospital
Statement of Revenues, Expenses, and Changes in Net Position
For the Year Ended December 31, 2012
——————————————————————————————————————————————
Operating revenues:
Net patient service revenue $2,535,000
(c)
Jayce County General Hospital
Statement of Net Position
December 31, 2012
——————————————————————————————————————————————
ASSETS LIABILITIES AND NET POSITION
Current: Current:
Cash $ 356,000 Current portion of bonds payable $ 100,000
Noncurrent assets:
——————————————————————————————————————————————
13–19
P 13-9 (Moderate, 75 minutes)
(a)
2. SPF Cash 50,000
3. No journal entry required. This is a conditional promise.
4. PREF Cash 80,000
5. PREF Temporarily restricted asset reclassifications out – net assets released
from restriction for equipment acquisition 130,000
7. SPF Cash 35,000
8. SPF Temporarily restricted asset reclassifications out – net assets released
from restriction used for operations 70,000
9. EF Investments 10,000
Permanently restricted net realized and unrealized gains on
10. PREF Interest in net assets of Croton General Hospital Foundation 25,000
(b)
13–20
Christy General Hospital
Statement of Changes in Net Assets
For the Year Ended December 31, 2012
——————————————————————————————————————————————
Temporarily restricted net assets:
Contributions for research $ 200,000
Contributions for building addition 130,000
——————————————————————————————————————————————
P 13-10 (Moderate, 70 minutes)
1. GF Cash 2,000,000
3. SPF Cash 500,000
4. GF Health care services 850,000
General expenses 300,000
5. GF Cash 110,000
Patient accounts receivable 110,000
13–21
7. PREF Cash 1,000,000
8. GF Interest expense 110,000
9. GF Cash—board designated for professional improvement 25,000
10. PREF Cash 215,000
Marketable securities 190,000
Temporarily restricted revenue – investment income 10,000
12. SPF Temporarily restricted asset reclassifications out – net assets released
from restriction used for operations 20,000
13. EF Cash 15,000
14. EF Cash 1,900
Interest receivable 100
15. PREF Marketable securities 40,000
Temporarily restricted revenue – net realized and unrealized
gains and losses on investments 40,000