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Entries for the Hospital income statements are listed in the following exhibit in alphabetical order. Reorder the data to reflect income statement format. Depreciation expense                            $90,000 General/administrative expenses            $70,000 Interest expense                                    $20,000 Net Income                                          $30,000 Nonoperating income                            $40,000 Other operating revenue                        $10,000 Patient service revenue                          $440,000 Provision for bad debts                          $40,000 Purchased clinic services                       $90,000 Salaries and benefits                             $150,000

Entries for the Hospital income statements are listed in the following exhibit in alphabetical order. Reorder the data to reflect income statement format. Depreciation expense                            $90,000 General/administrative expenses            $70,000 Interest expense                                    $20,000 Net Income                                          $30,000 Nonoperating income                            $40,000 Other operating revenue                        $10,000 Patient service revenue                          $440,000 Provision for bad debts                          $40,000 Purchased clinic services                       $90,000 Salaries and benefits                             $150,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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  1. Entries for the Hospital income statements are listed in the following exhibit in alphabetical order. Reorder the data to reflect income statement format.

Depreciation expense                            $90,000

General/administrative expenses            $70,000

Interest expense                                    $20,000

Net Income                                          $30,000

Nonoperating income                            $40,000

Other operating revenue                        $10,000

Patient service revenue                          $440,000

Provision for bad debts                          $40,000

Purchased clinic services                       $90,000

Salaries and benefits                             $150,000

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