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A hospital purchased 100 shares of stock on June 30, 2019, for $3,100, using its unrestricted resources. On December 31, 2019, the date of its financial statements, the stock's fair value was $3,200. On November 30, 2019, the hospital sold the stock for $2,800. Assuming it is a governmental hospital, prepare journal entries to record all the transactions and events related to this investment Description Debit Credit Investments 3,100 0 Cash 0 3.100 To record purchase of stock 100 0 . 0 100 2.800 0 To record change in fair value of stocks. Cash Unrestricted revenue-realized loss on investments Revenues-net realized/unrealized gains (losses) on investments To record sale of stock 400 0 4 0 3,200 A hospital purchased 100 shares of stock on June 30, 2019, for $3,100, using its unrestricted resources. On December 31, 2019, the date of its financial statements, the stock's fair value was $3,200. On November 30, 2019, the hospital sold the stock for $2,800. Assuming it is a nonprofit hospital, prepare journal entries to record all the transactions and events related to this investment Description Debit Credit . 0 0 0 0 To record purchase of stock 0 0 + 0 0 To record change in fair value of stock Cash . . O O O 0 0 0 To record sale of stock O A hospital purchased 100 shares of stock on June 30, 2019, for $3,100, using its unrestricted resources. On December 31, 2019, the date of its financial statements, the stock's fair value was $3,200. On November 30, 2019, the hospital sold the stock for $2,800. Assuming it is a governmental hospital, prepare journal entries to record all the transactions and events related to this investment Description Debit Credit Investments 3,100 0 Cash 0 3.100 To record purchase of stock 100 0 . 0 100 2.800 0 To record change in fair value of stocks. Cash Unrestricted revenue-realized loss on investments Revenues-net realized/unrealized gains (losses) on investments To record sale of stock 400 0 4 0 3,200 A hospital purchased 100 shares of stock on June 30, 2019, for $3,100, using its unrestricted resources. On December 31, 2019, the date of its financial statements, the stock's fair value was $3,200. On November 30, 2019, the hospital sold the stock for $2,800. Assuming it is a nonprofit hospital, prepare journal entries to record all the transactions and events related to this investment Description Debit Credit . 0 0 0 0 To record purchase of stock 0 0 + 0 0 To record change in fair value of stock Cash . . O O O 0 0 0 To record sale of stock O

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