Transaction Analysis Assignment
February 25th, 2020
1. On March 31, St. David’s Hospital had assets of $500,000, liabilities of $300,000, and net assets of $200,000. During April, the following transactions were completed:
1. Services rendered to patients, $100,000
2. Collections on patients' accounts, $85,000
3. Supplies purchased on account, $20,000
4. Payments on accounts payable to suppliers, $16,000
5. Supplies consumed in patient-care services, $18,000
6. Other expenses paid in cash, $54,000
7. Purchased equipment for cash, $12,000
Complete a transaction analysis, showing all real and nominal account ending balances, end of April. .
