The Following Selected Information Is Taken from the Accounting Records

question 4

Essay

The following selected information is taken from the accounting records of the Jackson County Hospital for fiscal year 20X0. All accounts have a normal balance and are listed in alphabetical order. Also, all amounts are in thousands of dollars.
- $\begin{array}{llr} \text {Administrative expenses}&\$440\\ \text { Cafeteria sales. }&440\\ \text {Charity services (at gross amounts) }&500\\ \text {Contractual adjustments. }&1,100\\ \text {Depreciation expense-Building}&1,4000\\ \text {Depreciation expense-Other.}&2,740\\ \text {Estimated uncollectible accounts}&710\\ \text {Federal grant restricted for heart research (all eligibility requirements met)}&1,300\\ \text {Fiscal service expenses}&300\\ \text {Gain on sale of capital assets}&75\\ \text {General services expenses.}&1,100\\ \text {Gross patient service charges.}&18,000\\ \text {Income from investments of endowment-donor restricted to heart research}&870\\ \text {Other professional services expense.}&890\\ \text {Net investment in capital assets, January 1}&15,000\\ \text {Nursing services expenses}&8,000\\ \text {Proceeds from bond issue for building addition.}&22,000\\ \text {Restricted net position, January 1}&3,200\\ \text {State appropriations-capital.}&700\\ \text {State appropriations-operating}&500\\ \text {Unrestricted contributions}&350\\ \text {Unrestricted net position, January 1}&9,000\end{array}$

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