A not-for-profit hospital, Barnes Hospital, had the following transactions:

1. 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.

2. An unrestricted pledge for $48,000 was received from a wealthy individual, but the money cannot be spent for several years.

3. 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.