Walton Hospital is a private not-for-profit hospital. Record the following transactions.

(a) Service revenues amount to $682,000. Implicit price concessions amount to 9%. Contractual adjustments total $93,000.

(b) $700,000 in pledges were given for a new ultrasound machine. Pledges are payable within one year and 10% are expected to be uncollectible.

(c) Services valued at $36,000 (at standard charges) were performed on an indigent patient.

(d) $560,000 was collected for the services performed in (a) above. Actual contractual adjustments for these services amounted to $100,000. $ 16,000 of receivables were identified as uncollectible due to implicit price concessions and written off.