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During its current fiscal year, Evanston General Hospital, a not-for-profit health care organization, had the following revenue-related transactions (amounts summarized for the year). Services provided
During its current fiscal year, Evanston General Hospital, a not-for-profit health care organization, had the following revenue-related transactions (amounts summarized for the year).
- Services provided to inpatients and outpatients amounted to $9,768,000, of which $464,000 was for charity care; $942,000 was paid by uninsured patients; and $8,362,000 was billed to Medicare, Medicaid, and insurance companies.
- Donated pharmaceuticals and medical supplies valued at $279,000 were received and utilized as general expenses.
- Medicare, Medicaid, and third-party payors (insurance companies) approved and paid $5,379,000 of the $8,362,000 billed by the hospital during the year (see transaction 1).
- An unconditional contribution of $5,140,000 was received in cash from a donor to construct a new facility for care of Alzheimer's patients. The full amount is expendable for that purpose. No activity occurred on this project during the current year.
- A total of $1,147,000 was received from the following activities/sources: cafeteria and gift shop sales, $850,000; medical seminars, $139,000; unrestricted transfers from the Evanston General Hospital Foundation, $89,000; and fees for medical transcripts, $69,000.
- Uncollectible accounts totaling $4,650 were written off. The allowance for uncollectible receivables was increased by $8,170.
a. Prepare the revenues, gains, and other support without donor restrictions section of Evanston General Hospital's statement of operations for the current year
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