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1. Hope received $41,000 in cash from pledges made in the previous year that were unrestricted as to purpose but intended to be expended in 2017. 2. Hope received $99,000 in pledges that indicated the money would be received in 2018. The donors imposed no restrictions other than the money could be used for any purpose desired by the board. 3. Hope expended $50,000 for nursing training, using $44,000 of temporarily restricted resources that had been given in 2016 for that purpose. 4. Hope received $61,000, restricted by the donor for cancer research. The funds were not expended in 2017. This is a fixed dollar, not cost reimbursement, grant. 5. Hope received $278,000 in cash. The board decided to invest the funds for future plant expansion. Required: Record the above transactions on the books of Hope Hospital, which follows FASB (not-for-profit) and AICPA standards. The year is 2017. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 2 3 4 5 6 7 8 9 Hope received $41,000 in cash from pledges made in the previous year that were unrestricted as to purpose but intended to be expended in 2017 Record the cash from the pledges made in the previous year Note: Enter debits before credits. Transaction General Journal Debit Credit 1a Record entry Clear entry View general journalSt. Joseph's Hospital began operations in December 2016 and had patient service revenues totaling $1,070,000 (based on customary rates) for the month. Of this, $130,000 is billed to patients, representing their insurance deductibles and co-payments. The balance is billed to third-party payers, including insurance companies and government health care agencies. St. Joseph estimates that 20 percent of these third-party payer charges will be deducted by contractual adjustment. The Hospital's fiscal year ends on December 31. Required: 1. Prepare the journal entries for December 2016. Assume that 15 percent of the amounts billed to patients will be uncollectible. 2. Prepare the journal entries for 2017 assuming the following: a. $110,000 is collected from the patients during the year and $10,500 is written off. b. Actual contractual adjustments total $226,000. The remaining receivable from third-party payers is collected. If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 2 3 5 6 7 V Record the patient service revenues the insurance deductibles and co- payments and the balance billing to third-party payers. Note: Enter debits before credits. Transaction General Journal Debit Credit 1a Record entry Clear entry View general journal