Create a balance sheet (in 000s) as of December 31, 20X1 for the Claymont Outpatient Clinic using the General Ledger transactions below. You will enter balances for total current assets a. The clinic received a $10,000,000 unrestricted cash contribution from the community. b. The clinic purchased $4,500,000 of equipment using cash. c. The clinic borrowed $2,000,000 from the bank on a long-term basis. d. The clinic purchased $550,000 of supplies on credit. e. The clinic provided $8,400,000 of services on credit. f. In the provision of these services, the clinic used $420,000 of supplies. g. The clinic received $800,000 in advance to care for capitated patients. h. The clinic incurred $4,500,000 in labor expenses and paid cash for them. i. The clinic incurred $2,230,000 in general expenses and paid cash for them. j. The clinic received $6,000,000 from patients and their 3rd party payers in payment of outstanding accounts. k. The clinic met $440,000 of its obligation to capitated patients (transaction g). l. The clinic made a $400,000 cash payment on the long-term basis. m. The clinic also made a cash interest payment of $40,000. n. A donor made a temporarily restricted donation of $370,000, which is set aside in temporary investments. o. The clinic recognized $400,000 in depreciation for the year. p. The clinic estimated that $850,000 of patient accounts would not be received, and established a provision for bad debt.
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a. The clinic received a $10,000,000 unrestricted cash contribution from the community.
b. The clinic purchased $4,500,000 of equipment using cash.
c. The clinic borrowed $2,000,000 from the bank on a long-term basis.
d. The clinic purchased $550,000 of supplies on credit.
e. The clinic provided $8,400,000 of services on credit.
f. In the provision of these services, the clinic used $420,000 of supplies.
g. The clinic received $800,000 in advance to care for capitated patients.
h. The clinic incurred $4,500,000 in labor expenses and paid cash for them.
i. The clinic incurred $2,230,000 in general expenses and paid cash for them.
j. The clinic received $6,000,000 from patients and their 3rd party payers in payment of outstanding accounts.
k. The clinic met $440,000 of its obligation to capitated patients (transaction g).
l. The clinic made a $400,000 cash payment on the long-term basis.
m. The clinic also made a cash interest payment of $40,000.
n. A donor made a temporarily restricted donation of $370,000, which is set aside in temporary investments.
o. The clinic recognized $400,000 in
p. The clinic estimated that $850,000 of patient accounts would not be received, and established a provision for
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