Following are several unrelated transactions involving a hospital.

1.The hospital has a contractual agreement with a lender requiring that $500,000 in cash be set aside to meet its future debt payment.

2.The hospital accrued $1,500,000 in patient service revenues. Charity services of $415,000 were also provided. Contractual adjustments total $535,000.

3.An increase of $45,000 was recorded for bad debts.4.General services of $100,000 were donated by technicians. Normally, the hospital would have purchased these specialized services.

5.An endowment contribution of $1,500,000 was received.

6.Investments held by the hospital increased in fair value by $32,000.

7.The hospital purchased $837,000 in equipment with resources that had been contributed in prior years for such a purchase.

a.Prepare journal entries to record the foregoing transactions, assuming the hospital is a not-for-profit facility.(If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

b.Prepare journal entries to record the foregoing transactions, assuming the hospital is a business-type government facility.(If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)