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The following are transactions and events of the general fund of Sycamore Hospital a not-for-profit entity, for the 206 fiscal yeat ending December 31,206. 1.

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The following are transactions and events of the general fund of Sycamore Hospital a not-for-profit entity, for the 206 fiscal yeat ending December 31,206. 1. Provided a total of $6,700,000 in patient services, 2 Had total operating expenses of $6,098,000, as follows: Accounts credted for operating expenses other than depreciation: 3. Allowed contractuat adjustments of $210,000 as deductions from gross patient revenue. 4. Received a transfer of $160,000 from specific-purpose funds for payment of opproved operating costs in accordance with the terms of the restricted gin 5. Recelved a tonsfer of $220,000 from the temporarily restricted plant fund to purchase new equipment for the hospital 6. Recelved $175,000 of unrestncted gifts 7 . Colected accounts recelvable except for $70,000 written off. 8 . Reported a $80.000 increase in the market value of the investment securties portfolio of the general fund from the beginning of the period The board designated this entire income for other than current operations. Required: a. Prepare journal entries in the general fund for each of the transactions and events. Note: H no entry is required for a transaction/event, select "No journal entry required" in the first occount field. quired: Prepare journal entries in the general fund for each of the transactions and events. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entrv worksheet Prepare the statement of operations for the aeneral fund without donor restrictions of Svcamore Hosbital

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