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6. During 2015 the following transactions were recorded by the Baton Rouge Community Hospital a private sector not-for-profit institution. A. Gross charges for patient services

6. During 2015 the following transactions were recorded by the Baton Rouge Community Hospital a private sector not-for-profit institution.

A. Gross charges for patient services all charged to Patient Accounts Receivable amounted to 1,700,000.Contractual adjustments with third-party payers amounted to 450,000.

B. Charity services not included in transaction 1 would amount to 97,000 had billings been made at gross amounts.

C. Other revenues received in cash were parking lot 20,000, cafeteria 15,000, gift shop 5,000

D. Cash gifts for cancer research amounted to 20,000 for the year, 35,000 was expended for cancer research technicians salaries (debit Operating Expense

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