Southtown Community Hospital (SCH)shows the following balances on its trial balance at June 30,2014,their fiscal year end.SCH is a not-for-profit,nongovernmental hospital.$260,000 cash was spent on equipment from donations restricted for that purpose.
Required:
Prepare a statement of operations for Southtown Community Hospital at June 30,2014.

Question

Southtown Community Hospital (SCH)shows the following balances on its trial balance at June 30,2014,their fiscal year end.SCH is a not-for-profit,nongovernmental hospital.$260,000 cash was spent on equipment from donations restricted for that purpose.  
Required:
Prepare a statement of operations for Southtown Community Hospital at June 30,2014.

Quizplus · Accepted Answer

The Answer of Southtown Community Hospital (SCH)shows the following balances on its trial balance at June 30,2014,their fiscal year end.SCH is a not-for-profit,nongovernmental hospital.$260,000 cash was spent on equipment from donations restricted for that purpose.  
Required:
Prepare a statement of operations for Southtown Community Hospital at June 30,2014.

Southtown Community Hospital (SCH)shows the Following Balances on Its Trial