General Ledger Assignment
February 24th, 2020
2. On May 31, Seton Southwest Hospital had $650,000 of assets, $350,000 of liabilities, and $300,000 of net assets. The following transactions were completed during June: 1. Charged patients for $204,000 of services. 2. Collected $190,000 on patients' accounts. 3. Purchased $31,000 of supplies on account. 4. Used $28,000 of supplies in patient-care activities.
5. Paid $35,000 on accounts payable. 6. Paid employee salaries and wages of $99,000. 7. Paid other expenses of $60,000. Complete a general ledger (using the total real/nominal accounts, not sub-accounts) and their ending balances, end of June. .
