Entries for the warren clinic 2004 income statement

Assignment Help Financial Accounting
Reference no: EM132203751

Entries for the Warren Clinic 2004 income statement are listed below in alphabetical order. Reorder the data in proper format.

            Bad debt expense             $          40,000

            Depreciation expense                    90,000

            General / administrative expense     70,000

            Interest expense                           20,000

            Interest income                           40,000

            Net income                                 30,000

            Other revenue                              10,000

            Patient service revenue                    440,000

Purchased clinic services               90,000

Salaries and benefits                     150,000

Total revenues                             490,000

Total expenses                            460,000

Reference no: EM132203751

Questions Cloud

After-tax yield on the bonds : John Doe is in the 40 percent personal tax bracket. He is considering investing in HCA bonds that carry a 12 percent interest rate.
Moral minimum approach to corporate social responsiblity : After studying about the Moral Minimum approach to Corporate social responsiblity, apply the moral minimum approach to the Pinto case study.
Given this information need the firm net income : (a) Given this information, need the firm's net income.
Explain the concept of consumer experience : Explain the concept of “consumer experience.” What is its relevance to Internet marketing?
Entries for the warren clinic 2004 income statement : Entries for the Warren Clinic 2004 income statement are listed below in alphabetical order. Reorder the data in proper format.
The idea of engaging in social media marketing : Why do you think some managers are resistant to the idea of engaging in social media marketing?
Maintain business and personal financial requirements : How would we plan to maintain business and personal financial requirements? How will our budget support the growth of our organization?
Evaluating two investment projects : Cat Health, Inc., is evaluating two investment projects, each of which requires and up-front expenditure of $1.5 million.
Advocacy group is aiming to build bike sharing system : BUSINESS CASE A healthy lifestyle advocacy group is aiming to build a bike sharing system within a medium-size metropolitan area.

Reviews

Write a Review

Financial Accounting Questions & Answers

  A flexible budget is prepared using

A flexible budget is prepared using

  Regarding initial valuation and measurement

Which statement is correct regarding INITIAL valuation and measurement?

  Determine the net present value of the projected cash flows

Determine the net present value of the projected cash flows at 1 July 2004 of the new Health Zone (Pty) Ltd club in Sandton for the period 1 July 2004 to 30 June 2009. Show all your workings.

  Standard fraud risk assessment questionif someone did want

standard fraud risk assessment questionif someone did want to commit fraud and not be caught how would they do it?one

  Fill-in the time line for grand lips

Process costing in a single processing department (Learning Objectives 1, 2, & 3)Grand Lips produces a lip balm used for cold-weather sports. The balm is manufactured in a single processing department. Fill-in the time line for Grand Lips. Use the ti..

  Draft the required communications to the management

Ken Smith, the partner in charge of the audit of Houghton Enterprises, identified the following significant deficiencies during the audit of the December 31, 2013, financial statements: 1. Controls for granting credit to new customers were not adequa..

  Problem regarding the internal audit function

Regarding the internal audit function, which of the following statements is true?

  What is the systems development life cycle

What is the Systems Development Life Cycle (SDLC)? Why is it also referred to by some people as the “Waterfall Model”?

  Journalize the adjusting closing and reversing entries

Journalize the adjusting entries. Journalize the closing entries. Journalize the reversing entries. Journalize in quality format the necessary adjusting entries for Bailey Tool Company on page 46.

  Post the entries to the stockholders equity t-accounts

On January 1, 2014, Everett Corporation had these stockholders’ equity accounts. Common Stock ($10 par value, 82,700 shares issued and outstanding) $827,000 Paid-in Capital in Excess of Par Value 488,100 Retained Earnings 676,600 During the year, the..

  How much was comprehensive income for the year

Equity increased by $800,000 during the year including net income of $600,000 and other comprehensive loss of ($150,000). The company had no stock transactions during the years (issues or repurchases). How much was comprehensive income for the year?

  Cost of goods purchased under a periodic system

Identify the accounts that are added to or deducted from purchases to determine the cost of goods purchased under a periodic system. For each account, indicate (a) whether it is added or deducted, and (b) its normal balance.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd