(Journal entries to record the receipt and use of contributions by a not-forprofit hospital)

Mary Milligan Hospital, a not-for-profit hospital, had the following transactions during the year ended December 31, 2004. Prepare journal entries necessary to record the transactions and indicate which fund or funds would be used to record them.

1. Ed Glott, a high school senior, donated his services to the hospital for an entire summer, serving food to patients and performing general tasks. If paid for, these services would have cost the hospital $\$ 5,000$.

2. D. Bean donated $\$ 20,000$ to the hospital, stipulating that the funds be used only to update the skills of the nurses.

3. The hospital used D. Bean's donation for the stipulated purpose.

4. D. Lily Allen donated $\$ 500,000$ to the hospital to help pay for new MRI equipment.

5. The hospital used D. Lily Allen's donation for new MRI equipment.