Balance sheet. The following are account balances as of September 30, 20X1, for Ray Hospital
#11. Balance sheet. The following are account balances as of September 30, 20X1, for Ray Hospital. Prepare a balance sheet at September 30, 20X1. (Hint: net assets will also need to be calculated.)
Givens
Gross plant, property, and equipment:$90,000,000
Accrued expenses:$7,000,000
Cash:$10,000,000
Net accounts receivable:$18,500,000
Accounts payable:$6,000,000
Long‐term debt: $55,000,000
Supplies: $5,000,000
Accumulated depreciation:$10,000,000
Answer preview to Balance sheet. The following are account balances as of September 30, 20X1, for Ray Hospital
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