A local private not-for-profit health care entity incurred the following transactions during the current year.

a.	The entitys governing board announced that $178,000 in previously unrestricted cash will be used in the future to acquire equipment. The funds are invested until the purchase eventually occurs.
b.	Received a donation of $98,000 with the stipulation that all income derived from this money be used to supplement nursing salaries.
c.	Expended $27,000 for medicines. The entity received the money the previous year as a restricted gift for this purpose.
d.	Charged patients $618,000, 75 percent of which is expected to be covered by third-party payors.
e.	Calculated depreciation expense of $56,000.
f.	Received interest income of $33,000 on the investments the board acquired in transaction (a).
g.	Estimated that $38,000 of current accounts receivable from patients will not be collected and that third-party payors will reduce the amounts owed by $48,000 because of contractual adjustments.
h.	Consumed the medicines acquired in (c).
i.	Sold the investments acquired in (a) for $208,000. Spent all restricted cash (including [f] above) and $27,000 that previously had been given to the entity (with the stipulation that the money be used to acquire plant assets) for new equipment. No time restriction was assumed on this equipment.
j.	Received pledges for $144,000 in unrestricted donations. Of the pledges, 15 percent are collected immediately with 85 percent to be received and used in future years. Officials estimate that $18,000 of this money will never be collected. Present value of the receivable is $116,000.

a.	Record each of these transactions in appropriate journal entry form. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

Alocal private not-for-profit health care entity incurred the following transactions during the current year a. The entity's governing board announced that $178,000 in previously unrestricted cash will be used in the future to acquire equipment. The funds are invested until the purchase eventually occurs b. Received a donation of $98,000 with the stipulation that all incomo derived from this money be used to supplement nursing salaries. c Expended $27,000 for medicines. The entity received the money the previous year as a restricted gift for this purpose d. Charged patients $618,000, 75 percent of which is expected to be covered by third party payers e. Calculated depreciation expense of $56,000 f. Received interest income of $33,000 on the investments the board acquired in transaction (a). g. Estimated that $38,000 of current accounts receivable from patients will not be collected and that third- party payors will reduce the amounts owed by $48.000 because of contractual adjustments h Consumed the medicines acquired in (C) i Sold the investments acquired in (a) for $208,000 Spent all restricted cash (including (1) above) and $27.000 that previously had been given to the entity (with the stipulation that the money be used to acquire plant assets) for new equipment. No time restriction was assumed on this equipment i Received pledges for $144,000 in unrestricted donations of the pledges, 15 percent are collected immediately with 85 percent to be received and used in future years Officials estimate that $18,000 of this money will never be collected. Present value of the receivable is $116,000. a. Record each of these transactions in appropriate Journal entry form. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list X: 1 14 > Record investment of funds set aside to acquire equipment. 2 Record receipt of donations. 3 Record medicines purchased from restricted gift. 4 Record reclassification of assets. Sit Credit 5 Record amount receivable from patients and third party. 6 Record depreciation. Record interest revenue. Note: journal entry has been entered Record entry Clear entry View general journal OM Type here to search x A local private not-for-profit health care entity incurred the folowing transactions during the current year a. The entity's governing board announced that $178 000 in previously unrestricted cash will be used in the future to acquire equipment. The funds are invested until the purchase vechy occurs b. Received a donation of $98,000 with the stipulation that all income derived from this money be used to supplement nursing salaries c Expended $27,000 for medicines. The entity received the money the previous year as a restricted git for this purpose d Charged patients 5618,000.75 percent of which is expected to be covered by third party payos Calculated depreciation expense of $56.000 Received interest income of $33.000 on the intents the board acquired in transaction (). 9 Estimated that $38,000 of current accounts receivable from parents will not be collected and that the party payors will reduce the amounts Owed by 548,000 because of contractualment h Consumed the medicines acquired in (c) Sold the investments acquired in (a) for $208,000 Spent a restricted cash ndoding above) and $27.000 that previously had been given to the entity (with the stipulation that the money be used to acquire plant assets) for new equipment No time restriction was assumed on this equipment | Received pledges for $144.000 in unrestricted donations of the pledges, 15 percent are collected immediately with 85 percent to be received and used in future years oficiais estimate that $18.000 this money will never be collected Present value of the receivable is $116.000 a. Record each of these transactions in appropriate journal entry form. If no entry is required for a transaction/event, select "No journal entry required in the first accounted) View transaction list X 7 Record interest revenue. 14 > 8 Record bad debts. Record contractual adjustments. 10 Record consumption of medicines gquired 11 Record the sale of investments sit Credit 12 Record purchase of equipment. 13 Record reclassification of assets. 14 Record receipt of pledges Note - Journal entry has been entered Record entry Clear entry View general journal Type here to search O ! e oa x @ 15 Record reclassification of assets. 14 Record receipt of pledges Note: Journal entry has been entered Record entry Clear entry View general journal b. Prepare a schedule calculating the change in unrestricted permanently restricted, and mporarily restricted net assets. (Amounts to be deducted should be indicated with minus sign) Calculation of Changes in Net Assets Temporary Polmanently Usted Restricted ested NetAssets et Assets Net Future purchase of equipment Donation Income for salaries Redacation of assets d Pation Ivices Depreciation Interest g Badoo Contractualment Use of medicines Lain on Westments Reclassification of assets Plodges Increase (deceases Type here to search O CD OS @