I NEED THE SEVEN JOURNAL ENTRIES FOR THE FOLLOWING UNRELATED TRANSACTIONS INVOLVING A HOSPITAL, ASSUMING THE HOSPITAL IS A BUSINESS-TYPE GOVERNMENT FACILITY.

Following are several unrelated transactions involving a hospital.

1.The hospital has a contractual agreement with a lender requiring that $570,000 in cash be set aside to meet its future debt payment.

2.The hospital accrued $1,570,000 in patient service revenues. Charity services of $450,000 were also provided. Contractual adjustments total $570,000.

3.An increase of $52,000 was recorded for bad debts.4.General services of $170,000 were donated by technicians. Normally, the hospital would have purchased these specialized services.

5.An endowment contribution of $1,570,000 was received.6.Investments held by the hospital increased in fair value by $39,000.7.The hospital purchased $844,000 in equipment with resources that had been contributed in prior years for such a purchase.

• The hospital has a contractual agreement with a lender requiring that $570,000 in cash be set aside to meet its future debt payment.
• The hospital accrued $1,570,000 in patient service revenues. Charity services of $450,000 were also provided. Contractual adjustments total $570,000.

• An increase of $52,000 was recorded for bad debts.

• General services of $170,000 were donated by technicians. Normally, the hospital would have purchased these specialized services.

• An endowment contribution of $1,570,000 was received.

• Investments held by the hospital increased in fair value by $39,000.
• The hospital purchased $844,000 in equipment with resources that had been contributed in prior years for such a purchase.