Problems 1. A not-for-profit hospital, Bames Hospital, had the following transactions Patients were charged $360,000 for services. Of this amount, 560,000 was actually charged to the patients. Hospital officials anticipate that $14,000 will be uncollectible. The remaining A. 300,000 was billed to insurance companies and other third-party payors. Officials believe that these companies will only pay $264,000 after determining reasonable costs for the procedures Insurance companies and other third-party payors paid $224,000 to cover 80% of the in A. The remaining amounts from these charges were denied and are not expected to be collected. B. charges An unrestricted pledge for $48,000 was received from a wealthy individual, but the money cannot be spent for several years C. A local volunteer contributed services to the hospital to replace a retired worker. The value of these services was $11,000 D. Required: Prepare journal entries for the above transactions. on raceied unrectrieted nledees of