Below is a list of account balances for Currie Hospital as of December 31, 2013. Prepare a balance sheet as of December 31, 2013, in proper form. (Hint: You will need to compute the net assets account. Assume that all net assets at the beginning of the year are unrestricted.)
You may use either a Word document or excel spreadsheet to construct the balance sheet.
Account Balance
gross plant & equipment 6,000,000
accounts payable 130,000
Inventories 100,000
Other current Liabilities 70,000
Net accounts receivable 650,000
Accrued expenses 100,000
accumulated deprecation 200,000
long-term debt 5,000,000
Cash 210,000