All net assets at the beginning of the year are unrestricted

Assignment Help Financial Management

Reference no: EM13976193

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

Reference no: EM13976193

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