XXX Hospital's general ledger contains the following unadjusted account balances, among others, at December 31, 20X1:

Acct No.

104 Accounts receivable $850,000

105 Allowance for uncollectible accounts -0-

120 Land 25,000

130 Buildings 3,000,000

131 Accumulated depreciation-buildings -0-

140 Equipment 1,800,000

141 Accumulated depreciation-equipment -0-

501 Contractual adjustments -0-

502 Charity care adjustments -0-

607 Depreciation expense -0-

609 Bad debt expense -0-

The following additional information is available:

1) Of the December 31, 20X1, accounts receivable, it is estimated that 15% will prove to be uncollectible due to these factors:

Contractual adjustments, 6%

Charity care adjustments, 4%

Bad debt expense, 5%

2) The hospital building, which was acquired on January 1, 20X1, has an estimated useful life of 40 years and an expected salvage value of $200,000.

3) Equipment, which costs $1,500,000, was acquired on January 1, 20X1. Additional equipment was acquired on July 1, 20X1, for $300,000. All equipment has a 20 percent salvage value and an estimated useful life of ten years.

Required: Prepare, in general journal form, all necessary adjusting entries at December 31, 20X1.