health care various transactions statement of activities the following nominal accou 615222
Health care, various transactions, statement of activities. The following nominal accounts were extracted from the December 31, 20X7 adjusted trial balance of Downs Private Hospital:
|
Gross patient service revenue |
11,049,200 |
|
|
Research grant revenue to the extent expended |
361,000 |
|
|
Revenue from sale of cafeteria meals to guests and employees |
108,000 |
|
|
Donated services of nurses and physicians (skilled services |
|
|
|
otherwise purchased) |
145,000 |
|
|
Unrestricted gifts and grants |
100,200 |
|
|
Unrestricted endowment income |
12,000 |
|
|
Gifts restricted for equipment purchase |
|
540,000 |
|
Donor-restricted investments for permanent endowment |
|
150,000 |
|
Temporarily restricted endowment income |
|
25,000 |
|
Revenue from parking lot |
|
31,000 |
|
Revenue from vending machines |
|
68,000 |
|
Income on investments whose use is limited by the board for |
|
|
|
capital improvements |
|
207,000 |
|
Contributions restricted by donor for pediatric unit operations |
|
225,000 |
|
Reclassification in—unrestricted—satisfaction of program restrictions |
|
125,000 |
|
Reclassification in—unrestricted—satisfaction of plant acquisition |
|
|
|
restrictions |
125,000 |
220,000 |
|
Unrestricted net assets, Jan 1, 20X7 |
|
625,000 |
|
Temporarily restricted net assets, Jan 1, 20X7 |
|
825,000 |
|
Permanently restricted net assets, Jan 1, 20X7 |
|
2,350,000 |
|
Reclassification out—temporarily restricted—satisfaction of |
|
|
|
program restrictions |
125,000 |
|
|
Reclassification out—temporarily restricted—satisfaction of |
|
|
|
plant acquisition restrictions |
220,000 |
|
|
Administrative services (including $30,000 malpractice cost) |
112,500 |
|
|
Contractual adjustments under third-party reimbursement programs |
1,328,500 |
|
|
Charity care |
215,000 |
|
|
Provision for uncollectibles |
341,600 |
|
|
Nursing services (including $125,000 in pediatric unit) |
6,589,100 |
|
|
Dietary services |
1,511,200 |
|
|
Maintenance services |
838,300 |
|
|
Depreciation and amortization |
478,200 |
|
|
Interest expense |
142,200 |
|
|
Loss on sale of endowment investments |
5,300 |
Prepare a statement of activities for the year ended December 31, 20X7.