Journal entries Prepare journal entries to record the following transactions of a nonprofit hospital: 1. The hospital billed its uninsured patients for $250,000. Based on historical experience, it expects to collect 45 percent of that amount over time. 2. Nurses and doctors employed by the hospital were paid their salaries, $100,000. 3. The chief administrative officer was paid her salary of $10,000. 4. The hospital paid its utility bill, $5,000. (Transactions 5 - 8 immediately follow.) If a transaction does not require a journal entry, select No entry as your answers and leave the Debit and Credit answers blank (zero). Ref. Description Debit Credit 250,000 Patient service revenues 0 250,000 To record gross patient service revenue. 137,500 0 137,500 To record an adjustment for the estimated uncollectible amount. 100,000 Cash 100,000 10,000 Cash 10,000 Depreciation expense 5,000 0 5,000