Government - Hospital Journal Entries Listed below are selected transactions from the City of Watertown Hospital. All amounts are in thousands of dollars. Transactions: 1. The hospital provided patient services during the year that had standard charges of K12,500. Contractual adjustments awarded to patients under contracts with insurance companies and under government programs totaled K2,000. Uncollectible accounts are expected to be approximately K800. 2. Nursing and other professional salaries paid during the year totaled K2,300. 3. Depreciation for the year was K500 for the building and K900 for equipment. 4. Medical supplies costing K2,600 were purchased during the year. The inventory of supplies increased from K200 at the beginning of the year to K300 at year end. 5. The hospital received a K4,000 to be used for the purchase of specialized diagnostic equipment. 6. The hospital received a K500 gift to be used for providing specialized coronary care services to patients. 7. The hospital purchased K2,000 of diagnostic equipment with the donation received for that purpose. 8. The hospital incurred K400 of operating expenses for the care of coronary patients consistent with the purposes of that donation. 9. The hospital issued K5,000 of 20 -year, 8% bonds at par at mid-year to finance a new addition for the hospital. 10. The hospital estimates that malpractice claims against the hospital of K400 ultimately will result in liabilities of K100 that will have to be paid-but probably will not have to be paid during the next fiscal year. Requirement: Prepare the journal entries required of a government hospital for these transactions