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NEED THE NET PATIENT SERVICE REVENUE!!!! Durlng its current fiscal year, Evanston General Hospltal, a not - for - profit health care organization, had the

NEED THE NET PATIENT SERVICE REVENUE!!!!
Durlng its current fiscal year, Evanston General Hospltal, a not-for-profit health care organization, had the following revenue-related
transactions (amounts summarlzed for the year).
Services provided to inpatlents and outpatients amounted to $9,600,000, of which $450,000 was for charlty care; $928,000 was
pald by uninsured patlents; and $8,222,000 was billed to Medicare, Medicald, and Insurance companies.
Donated pharmaceuticals and medical supplies valued at $265,000 were recelved and utilized as general expenses.
Medicare, Medicald, and third-party payors (Insurance companles) approved and paid $5,365,000 of the $8,222,000 billed by the
hospltal during the year (see transaction 1).
An unconditional contribution of $5,000,000 was recelved in cash from a donor to construct a new facility for care of Alzhelmer's
patlents. The full amount is expendable for that purpose. No actlvity occurred on this project durling the current year.
A total of $965,000 was recelved from the following activitles/sources: cafeterla and glft shop sales, $710,000; medical seminars,
$125,000; unrestricted transfers from the Evanston General Hospltal Foundation, $75,000; and fees for medical transcripts,
$55,000.
The implicit price concessions increased by $1,170.
Required
a. Prepare journal entrles for the preceding transactions.
b. Prepare the revenues, gains, and other support without donor restrictions section of Evanston General Hospital's statement of
operations for the current year.
Complete this question by entering your answers in the tabs below.
Required B
Prepare the revenues, gains, and other support without donor restrictions section of Evanston General Hospital's statement of
operations for the current year:
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