Knowledge of account | Accounting homework help

Complete all of the activities in this template, attached

 Part II: Preparing a Bank Deposit, Activity 2 

Part III: Managing the Healthcare Facility Business Bank Account 

Part IV: Reconciling a Bank Statement Also, utilizing the year ended Statement(above)  compare the figures for 2013 and 2012. Compose a narrative of possible explanations for the documented charges in the year-end figures for the organization. Your response should be 150-200 words in length

Table 18-2 Happy Hospital Statement of Operations As of December 31, 2013 and December 31, 2012

 

Year Ended December 31

 

2013

2012

Unrestricted Revenues

 

 

   Net Patient Service Revenue

$ 51,119,826

$ 48,659,436

   Other Operating Revenue

2,989,626

3,136,716

Total Unrestricted Revenues

54,109,452

51,796,152

Expenses

 

 

   Wages

47,325,259

45,076,683

   Insurance

1,005,783

1,024,889

   Inventory

1,275,524

1,053,367

   Depreciation

2,561,982

2,421,597

   Provision for Uncollectible Accounts

2,770,044

2,237,701

Total Expenses

54,938,592

51,814,237

(Loss) From Operations Before Adjustments to Prior Year Third-Party Payer Settlements and Pension Expense in Excess of Plan Contribution

(829,140)

(18,085)

   Pension Expense in Excess of Plan Contribution

(1,001,373)

(451,432)

   Adjustments to Prior Year Third-Party Payer Settlements

329,626

1,360,937

Operating (Loss) Income

(1,500,887)

891,420

Nonoperating Gains

 

 

   Investment Income

3,815,629

96,280

   Unrestricted Gifts and Bequests

33,654

334,067

   Other Miscellaneous Income

195,363

12,300

Nonoperating Gains

4,044,646

442,647

Excess of Revenues and Gains Over Expenses

2,543,759

1,334,067

Other Changes in Unrestricted Net Assets

 

 

Changes in Net Unrealized Gain on Investments

966,956

6,431,704

Increase in Unrestricted Net Assets

$ 3,510,715

$ 7,765,771

 

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