Answer:
Debit Petty Cash $250; credit Cash $250
Explanation:
Based on the information given we were told that the Company establishes the amount of $250 as a petty cash fund on September 1 which means that The journal entry to record the establishment of the fund on September 1 is:
Debit Petty Cash $250
Credit Cash $250
Answer:
Southwestern Mutual Bank
This would increase the loans account and the deposit account by $100 respectively.
Explanation:
a) Data and Calculations:
Southwestern Mutual Bank
Balance Sheet
Assets Liabilities and Owners' Equity
Reserves $150 Deposits $1,200
Loans $600 Debt $200
Securities $750 Capital (owners' equity) $100
Total assets $1,500 Total liabilities + equity $1,500
New customer deposit = $100
New loans made by the owners = $100
Answer: $85,000
Explanation:
Drawings are debited/deducted from the Equity account to reflect that the owner's holdings in the business has reduced.
Profit is added to the Equity account in the form of Retained Earnings.
The closing Balance on Equity is;
Closing Balance = Opening Balance + Profit - Drawings
Profit = Closing Balance - Opening Balance + Drawings
Profit = 175,000 - 120,000 + 30,000
Profit = $85,000
Answer:
A=167.74
B 96.15%
C 95.43%
D 1.02 days
Explanation:
A)No of days in the year = 365
Total no of services days = 26106 + 35120 = 61226
Average daily census = 61226/365=167.74
B) Bed occupancy rate for January - June 3.
= Total number of inpatient days * 100/ Available beds * number of day
=26106*100/150*181=96.15%
C)Bed occupancy rate for July - December=
Total number of inpatient days * 100/ Available beds * number of day
35120*100/200*184 = 95.43%
D)
ALOS (Average length of days)=Total inpatient days /Total Discharges
61226 + 9601/59788 + 9588= 1.02days
