Journal entries, statement of activities. The following selected events relate to the 2 0 1 9 2 0 1 9 activities of Fall Nursing Home,

 Journal entries, statement of activities. The following selected events relate to the $2019$ activities of Fall Nursing Home, Inc., a not$-$for$-$profit agency: a$.$ Gross patient service revenue totaled $$2,200,000.$ The provision for uncollectible accounts was estimated at $$92,000.$ The allowance for contractual adjustments was increased by $$120,000.$ b$.$ After a conference with representatives of Gold Star Insurance Company, differences between the amounts accrued and subsequent settlements reduced receivables by $$60,000.$ c$.$ A grateful patient donated securities with a cost of $$30,000$ and a fair value at date of dona tion of $$75,000.$ The donation was restricted to expenditure for modernization of equip$-$ ment. The donation was accepted.Part $4$ GOVERNmENTAL AND NOT$-$FOR$-$PROFIT ACCOUNTING

d$.$ Cash of $$45,000$ that had been restricted by a donor for the purchase of furniture was used

this year. Fall chose to release the donor restriction over the useful life of the asset.

e$.$ The board voluntarily transferred $$50,000$ of cash to add to the resources held for capital

improvements.

f$.$ Pledges of $$60,000$ and cash of $$20,000$ were received to defer operating expenses. Of the

pledges, $10\%$ are considered uncollectible. Term endowments of $$10,000$ matured and were

released to cover operations.

g$.$ Equipment costing $$250,000$ was purchased on account. Restricted resources held for that

purpose will be released from restriction over the useful life of the asset.

h$.$ The nursing home uses functional operating expense control accounts. Expenses for the year

were as follows:

Depreciation from assets purchased with

Omitting explanations, prepare journal entries for the foregoing events.

Prepare a statement of activities for the year ended December $31,2019.$

Part 4 GOVERNMENTAL AND NOT-FOR-PROFIT ACCOUNTING d. Cash of $45,000 that had been restricted by a donor for the purchase of furniture this year. Fall chose to release the donor restriction over the useful life of the asset. was used e. The board voluntarily transferred $50,000 of cash to add to the resources held for capital f. Pledges of $60,000 and cash of $20,000 were received to defer operating expenses. Of the pledges, 10% are considered uncollectible. Term endowments of $10,000 matured and were improvements. released to cover operations. g. Equipment costing $250,000 was purchased on account. Restricted resources held for that h. The nursing home uses functional operating expense control accounts. Expenses for the year purpose will be released from restriction over the useful life of the asset. were as follows: Nursing services ... Dietary services... Maintenance services . . Administrative services ... Interest..... Subtotal (of which $253,000 is unpaid).. Depreciation [$20,000 from assets purchased with resources in items (d) and (g) above]..... Total..... ... $1,120,000 230,000 115,000 285,000 160,000 $1,910,000 60,000 $1,970,000 1. Omitting explanations, prepare journal entries for the foregoing events. 2. Prepare a statement of activities for the year ended December 31, 2019.