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Record in general journal form the following selected transactions for Meridian Hospital a nongovernmental not for profit institution of no entry is required for a

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Record in general journal form the following selected transactions for Meridian Hospital a nongovernmental not for profit institution of no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) Gross charges accrued for patient services rendered during the period amounted to $7,870,000, of which $350,000 represented charity care for indigent patients 2. During the year the implicit price concessions for individual payors was determined to be $190,000 and contractual adjustments amounted to $435.000 3. A wealthy donor donated $2,000,000 in cash to construct a new cardiology wing on the hospital 4. During the year, the new cardiolody wing (see Item 3) was one-half completed at a cost of $1.000.000 View transaction that Journal entry worksheet Record the $190,000 implicit price concessions for individual payers and $435,000 contractual adjustments Notere det beforeret Credo Transaction General Journal 02 Provision for Bad Debt Accounts and Notes Receivable Debit 190.000 100.000 Record entry Clear entry View general Journal

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