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29. (14 points) Prepare in general journal form the entries required for each of the following selected transactions of Medical Hospital Foundation, a not-for-profit hospital

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29. (14 points) Prepare in general journal form the entries required for each of the following selected transactions of Medical Hospital Foundation, a not-for-profit hospital for the current year. a) Gross charges for patient services rendered during the period amounted to $7,600,000, which includes $550,000 of charity care for indigent patients. b) During the year the provision for bad debts was increased by $170,000 and contractual adjustments amounted to $235,000. c) A wealthy donor donated $4,000,000 to construct a new cardiology wing on the hospital. d) For the month just ended, the hospital received in cash $6,000 from the hospital's gift shop sales and received donated medicines with a fair value of $23,000. These medicines are of the type that the hospital would normally purchase

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