Reference no: EM132537420
On march 31st, Hopi Hospital had assets of $500,000, liabilities of $300,000, and net assets of $200,000. During April, the following transactions were completed:
Services rendered to patients, $100,000
Collections on patients's accounts, $85,000
Suppliers purchased on accounts, $20,000
Payment on accounts payable to suppliers, $16,000
Supplies consumes in patient care services, $18,000
Other expenses paid in cash, $54,000
Purchased equipment for cash, $12,000
Required:
Question 1: What were the amounts of Hopi Hospital's (1) assets, (2) liabilities, and (3) net assets at April 30?
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What were the amounts of hopi hospital assets
: On march 31st, Hopi Hospital had assets of $500,000, What were the amounts of Hopi Hospital's (1) assets, (2) liabilities, and (3) net assets at April 30?
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