The following information is contained in the funds which are used to account for the transactions of the Hope Hospital,which is operated by a nonprofit,religious organization.The balances in the accounts are as of June 30,20X9,the end of the hospital's fiscal year.Credit amounts are in parentheses.
Additional information:
The $64,000 in the specific purpose fund is restricted for research activities to be conducted by the hospital.
Required:
Prepare a balance sheet for Hope Hospital as of June 30,20X9.

Problem 112 (continued):

Question

The following information is contained in the funds which are used to account for the transactions of the Hope Hospital,which is operated by a nonprofit,religious organization.The balances in the accounts are as of June 30,20X9,the end of the hospital's fiscal year.Credit amounts are in parentheses.
Additional information:
The $64,000 in the specific purpose fund is restricted for research activities to be conducted by the hospital.
Required:
Prepare a balance sheet for Hope Hospital as of June 30,20X9.
  
Problem 112 (continued):

Quizplus · Accepted Answer

The Answer of The following information is contained in the funds which are used to account for the transactions of the Hope Hospital,which is operated by a nonprofit,religious organization.The balances in the accounts are as of June 30,20X9,the end of the hospital's fiscal year.Credit amounts are in parentheses.
Additional information:
The $64,000 in the specific purpose fund is restricted for research activities to be conducted by the hospital.
Required:
Prepare a balance sheet for Hope Hospital as of June 30,20X9.
  
Problem 112 (continued):

The Following Information Is Contained in the Funds Which Are