Record the following events of Elmwood Hospital:
1. Patients were billed for the following gross charges:
Room and board . . . .. .. .. ... $680,000
Physicians’ care. . .. .... .. .. . 220,000
Laboratory and radiology .. .. . 110,000
2. A donation of drugs with a fair value of $12,000 was received from a doctor. The drugs are normally purchased.
3. Revenues were reported from:
Newsstand and snack bar.. .. . $15,800
Parking lot charges . .. .. .. ... 3,200
Vending machines. . .. .... .. . 9,800
4. A charity allowance of $13,000 was granted to indigent patients.
5. Contractual adjustments granted to patients for Medicare charges totaled $68,000.
6. The hospital recorded an increase in the provision of $26,000 for uncollectible receivables.