1 A not-for-profit hospital. Barnes Hospital, had the following transactions: A. Patients were charged $300,000 for services of this amount. $60,000 WAS actually charged to the patients. Hospital officials anticipate that $20,000 will be uncollectible. The remaining $240.000 was billed to insurance companies and other third-party payors. Officials believe that these companies will only pay $220.000 after determining reasonable costs for the procedures B An unrestricted pledge for $48.000 was received from a wealthy individual, but the money cannot be spent for several years. c. A local volunteer contributed services to the hospital to replace a retired worker. The value of these services was $11.000. Required: Prepare journal entries for the above transactions 2. During 2009. a voluntary health and welfare organization received unrestricted pledges of S120000, 40% were payable in 2009 with the remainder payable in 2010 (for use in 2011). Officials estimate that 10% of these pledges will be uncollectible. In addition, a local medical technician caring 515 per hour working for a hospital, contributed 320 hours of time to the charitable organization. If not for these donated services, an additional staff person would have been hired by the organization. Required: A. A. How much should the organization report as net public support for 2009? B. How should the organization record the contributed services? 3. Ledger account balances (in alphabetical sequence) to be included in the statement of activities for Seaside Hospital (a nonprofit organization that has only a general fund) for the fiscal year ended June 30, 2006, are as follows: Administrative services expenses Contractual adjustments Depreciation expense Doubtful accounts expense Fiscal service expense, General services expense Nurse services expense Other operating revenue Other professional services expense Patient service revenue Unrestricted contributions revenue Unrestricted revenue from investments Debit Credit (in thousands) $280 140 380 60 180 360