Required: 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 $51,000 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 $104.000 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 $55,000 for nursing training, using $49,000 of donor restricted resources received in 2019 for that purpose 4. On June 15, 2020, Hope was awarded a $66,000 grant for cancer research by the US Department of Agriculture. During 2020, Hope had qualified expenses under the grant totaling $46,000. This is cost reimbursement, grant 5. Hope received $288,000 in cash. The board decided to invest the funds for future plant expansion Answer is not complete. No Transaction General Journal Credit Debit 51,000 1 Cash Pledges Receivable 51.000 Pledges Receivable 51,000 2 1b 51,000 Reclassifications from Net Assets with Donor Restrictions-Expiration of Time Restrictio Reclassifications from Net Assets with Donor Restrictions-Expiration of Time Restrict 51,000 3 02 Contribution Revenue US DOA Grant-Without Donor Restrictions 3 104,000 Revenues-With Donor Restrictions Contributions 104,000 4 3a > 55,000 Operating Expense-Nurse Training Cash 55,000 5 3b 49,000 > Reclassifications from Net Assets with Donor Restrictions--Expiration of Time Restrictio Reclassifications to Not Assots Without Donor Restrictions Satisfaction of Program 49.000 6 4a 66,000 Cash Dawuh anar Doctrine antibile 3 RI 4 55,000 Operating Expense-Nurse Training Cash 55,000 5 b Reclassifications from Net Assets with Donor Restrictions-Expiration of Time Restrictio 49,000 Reclassifications to Net Assets Without Donor Restrictions Satisfaction of Program 49,000 6 4a 66.000 Cash Revenues With Donor Restrictions Contributions XX 66,000 7 4b 46,000 46,000 8 4c 46,000 46,000