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19-13 - P19-13 Entries and Statements for General Fund of a...

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P19-13 Entries and Statements for General Fund of a Hospital a. Journal entries: 1. Accounts Receivable 6,160,000 Patient Services Revenue 6,160,000 2. Contractual Adjustments 330,000 Accounts Receivable 330,000 3. Nursing Services 1,800,000 Other Professional Services 1,200,000 Fiscal Services 250,000 General Services 1,550,000 Bad Debts 120,000 Administration 280,000 Depreciation Expense 400,000 Cash 4,580,000 Allowance for Uncollectibles 120,000 Accumulated Depreciation 400,000 Accounts Payable 170,000 Accrued Expense 35,000 Inventories 195,000 Prepaid Expenses 30,000 Nonoperating Gain – Donated Services 70,000 4. Cash 75,000 Due from Specific-Purpose Fund 25,000 Net Assets Released from Program Use Restriction 100,000 5. Inventories 176,000 Prepaid Expenses 24,000 Cash 200,000 6. Cash 85,000 Investment Income from Endowment Fund Investments 85,000 [Note that the general fund directly recorded this income because it is unrestricted income from the endowment investments.] 7. Cash 17,000 Accumulated Depreciation 20,000 Property, Plant, and Equipment 30,000 Gain on Sale of Equipment 7,000 8. Cash 5,800,000 Allowance for Uncollectibles 132,000 Accounts Receivable 5,932,000 9. Investments 60,000 Cash 60,000
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P19-13
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