5. The following transactions on the books of St. Marie's Hospital, a private not-for-profit hospital in 2017. (a) The Hospital billed patients $612,000 for services rendered. Of this amount, 5% is expected to be uncollectible. Contractual adjustments with insurance companies are expected to total $87,000. (b) The Hospital received $750,000 in pledges of support in a campaign undertaken to purchase new MRI equipment. All of the pledges are payable within one year and 8% are expected to be uncollectible. (c) Charity care in the amount of $36,000 (at standard charges) was performed on an indigent patient. (d) The Hospital collected $487,200 for the services performed in (1) above. Actual contractual adjustments for these services amounted to $89,700. $ 13,700 of receivables were identified as uncollectible and written off. Required: Record the transactions described above. (15 points) Copley, Chapter 12 #121 6 7 8 9 0 a 1 2 Account b No journal entry required. Cash B St. Marie's Hospital General Journal DR. CR D