Ignore this below, see attached. prompt and template are attached.

All organizations, including those in the healthcare industry, need to make money to be

profitable and survive. Financial statements, such as balance sheets, profit and loss

statements, and cash flow statements, summarize this profitability and an organization’s

overall financial status. For this Assignment, you practice developing three key financial

statements using data from the Putman Medical Center.

Putman Medical Center

Putman Medical Center is a large mid-western acute care and ambulatory facility

serving an urban city population.

Givens (in ‘000s):

Insurance expense $70,000

Cash $23,000

Patient revenues (net of contractuals) $614,000

Net accounts receivable $25,000

Ending balance, temporarily restricted net

assets $8,700

Wages payable $9,100

Prepaid expense $1,100

Long-term debt $191,700

Supply expense $66,000

Gross plant, property, and equipment $556,000

Net assets released from temporary restriction $8,000

Depreciation expense $10,000

General expense $95,000

Transfer to parent corporation ($8,000)

Beginning balance, unrestricted net assets $203,400

Accounts payable $21,000

Beginning balance, temporarily restricted net

assets $16,700

Provision for bad debt expense $5,400

Labor expense $145,000

Accumulated depreciation $99,000

Long-term investments $150,400

Ending balance, unrestricted net assets $426,000

To prepare for this Assignment:

Examine the data from Putman Medical Center. Reflect on how you will use this data to

develop a Balance Sheet, Profit and Loss Statement, and Cash Flow Statement. Refer

to the course text

Do you need a similar assignment done for you from scratch? We have qualified writers to help you. We assure you an A+ quality paper that is free from plagiarism. Order now for an Amazing Discount!
Use Discount Code "Newclient" for a 15% Discount!

NB: We do not resell papers. Upon ordering, we do an original paper exclusively for you.