Question

Problem 3 - Government Hospital Financial Reporting The following selected information is taken from the accounting records of the Jackson County Hospital for fiscal year 20X0. All accounts have a normal balance and are listed in alphabetical order. Also, all amounts are in thousands of dollars. Administrative expenses. Cafeteria sales. $440 440 Charity services (at gross amounts) Contractual adjustments. Depreciation-Building Depreciation-Other. Estimated uncollectible accounts. Federal grant restricted for heart research (all eligibility requirements met) Fiscal service expenses Gain on sale of capital assets General services expenses. Gross patient service charges. Income from investments of endowment-donor restricted to heart research 870 Other professional services expense. Net investment in capital assets, January 1, Nursing services expense. Proceeds from bond issue for building addition. Restricted net position, January 1 State appropriations-capital. State appropriations-operating. Unrestricted contributions Unrestricted net position, January 500 1,100 1,400 2,740 710 1,300 300 75 1,100 18,000 890 15,000 8,000 22,000 3,200 700 500 350 9,000 Page Break

prepare a statement of revenue, expenses, and change in net position.

Answer 1

stlerent of Fueverus and expenses Amerut Th sklavant of Caunge in net aln Anamunt artiadrs Patial's Ast Zungtrant, a Preceeds fm Avoonk Kevenue 5000 1 440 Cafetirin Sules bend Aagee 22000 Fedeal graut Seytaices fa hert Gresareh 1300 75 -Grain on Sale Gress Patient Seruie Chaiges fGpibl assat 45955 Lessstto afpmprialians Copial 18000 700) Enone from sausngtrent fedeutaat Ca) 810 45255 20686 20685 xponditare Adninksblive expenses 440 Chady Srecas Fisal Struice expenses 500 S00 Gendia Sdub ce erpenses 890 -Naiyng Suice R panses sht afpiuprialas-atng Totl expendilasa Net Fevenia 2o00 500 11730 21730 8955