Record the following transactions on the books of Hope Hospital, which follows FASB (not-for-profit) and AICPA standards. The year is 2020. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

1. Hope received $15,000 in cash from pledges made in the previous year that were unrestricted as to purpose but intended to be received and expended in 2020.
2. Hope received $31,000 in pledges that indicated the money would be received in 2021. The donors imposed no restrictions other than it could be used for any purpose desired by the board.
3. Hope expended $40,000 for nursing training, using $33,000 of donor restricted resources received in 2019 for that purpose.
4. On June 15, 2020, Hope was awarded a $50,000 grant for cancer research by the U.S. Department of Agriculture. During 2020, Hope had qualified expenses under the grant totaling $35,000. This is cost reimbursement, grant.
5. Hope received $270,000 in cash. The board decided to invest the funds for future plant expansion

No Transaction General Journal Debit Credit 1 1a Cash 15,000 Pledges Receivable 15,000 N 1b Reclassifications from Net Assets with Donor RestrictionsExpiration of Time Restrictio 15,000 Reclassifications to Net Assets Without Donor RestrictionsExpiration of Time Restri 15,000 3 02 31,000 Pledges Receivable Nonoperating Revenues-Without Donor Restrictions-Contributions 31,000 4 3a 40,000 Operating Expense-Nurse Training Cash 40,000 5 3b Reclassifications from Net Assets with Donor RestrictionsSatisfaction of Program Rest 33,000 Reclassifications to Net Assets Without Donor RestrictionsSatisfaction of Program 33,000 6 4a Cash 50,000 Contribution RevenueUS DOA Grant-Without Donor Restrictions 50,000 7 4b 35,000 Cancer Research Expenses Cash 35,000 8 4c 35,000 Reclassifications from Net Assets with Donor RestrictionsSatisfaction of Program Rest Reclassifications to Net Assets Without Donor RestrictionsSatisfaction of Program 35,000 9 5 Cash 270,000 Net Assets-Without Donor Restrictions-Designated by Board for Future Plant Expaid 270,000 10 5b 270,000 InvestmentsAssets Limited as to Use Cash 270,000 11 5c Net AssetsWithout Donor RestrictionsUndesignated 270,000 Net Assets-Without Donor Restrictions-Designated by Board for Future Plant Expa 27,000