List and record each transaction for the Claymont Outpatient
Clinic, under the accrual basis of accounting, at December 31,
20X1. Then develop a balance sheet as of December 31, 20X1, and a
statement of operations for the year ended December 31, 20X1. The
clinic received a $10,000,000 unrestricted cash contribution from
the community. (Hint: this transaction increases the unrestricted
net assets account.) The clinic purchased $4,500,000 of equipment.
The clinic paid cash for the equipment. The clinic borrowed
$2,000,000 from the bank on a long-term basis. The clinic purchased
$550,000 of supplies on credit. The clinic provided $8,400,000 of
services on credit. In the provision of these services, the clinic
used $420,000 of supplies. The clinic received $800,000 in advance
to care for capitated patients. The clinic incurred $4,500,000 in
labor expenses and paid cash for them. The clinic incurred
$2,230,000 in general expenses and paid cash for them. The clinic
received $6,000,000 from patients and their third parties in
payment of outstanding accounts. The clinic met $440,000 of its
obligation to capitated patients (transaction "The clinic received
$800,000 in advance to care for capitated patients."). The clinic
made a $400,000 cash payment on the long-term loan. The clinic also
made a cash interest payment of $40,000. A donor made a temporarily
restricted donation of $370,000, which is set aside in temporary
investments. The clinic recognized $400,000 in depreciation for the
year. The clinic estimated that $850,000 of patient accounts would
not be received, and established a provision for bad debt.
Please select at least two liquidity measures you have already
calculated for the organization. In the box below, please apply the
framework we reviewed in class and discuss your findings with
respect to the following: Year-over-year trending Performance
against benchmark Drivers of change in the metric and management
considerations for improvement
List and record each transaction for the Claymont Outpatient Clinic, under the accrual basis of accounting, at December
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