Reference no: EM13128428
Show entries in general journal form for the following transactions of Bothwell Regional Hospital, a not-for-profit hospital.
1) For the month just ended the hospital received in cash $8,000 from the hospital's gift shop sales, and received donated medicines with a fair value of $47,000. These medicines are of the type the hospital normally would purchase.
2) The hospital's finance officer, in compliance with the directive of the governing board, invested $600,000 of operating cash in certificates of deposit to be held for future purchases of equipment.
3) New fixed equipment costing $750,000 was purchased from money given the hospital in a prior year to be held until needed for equipment purchases.
4) A federal grant was received in cash in the amount of $400,000 to be used for heart research. During the current year only $50,000 was spent for this research program.
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Show entries in general journal form
: Show entries in general journal form for the following transactions of Bothwell Regional Hospital, a not-for-profit hospital.
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