During 2020 , the following transactions were recorded by the Port Hudson Community Hospital, a private sector not-for-profit institution: 1. Gross charges for patient services, all charged to Patient Accounts Receivable, amounted to $1,800,000. Estimated contractual adjustments with third-party payors amounted to $465,000 and the Hospital estimated implicit price concessions would total $10,000. 2. Charity services, not included in transaction 1 , would amount to $66,000, had billings been made at gross amounts. 3. Other revenues, received in cash, were parking lot, $20,000; cafeteria, $35,000; gift shop, $5,000. 4. Cash gifts restricted by the donor for programs amounted to $26,000 for the year. During the year, $50,000 was expended for technician salaries supporting the program identified by the donor (debit Operating Expense-Salaries and Benefits). 5. Mortgage bond payments amounted to $50,000 for principal and $28,000 for interest. Assume unrestricted resources are used. 6. During the year, the hospital received, in cash, unrestricted contributions of $42,000 and unrestricted income of $35,000 from endowment investments. (It is the hospital's practice to treat unrestricted gifts as nonoperating income.) 7. New equipment, costing $152,000, was acquired, using donor-restricted cash that was on hand at the beginning of the year. 8. An old piece of lab equipment that originally cost $50,000 and that had an undepreciated cost of $10,000 was sold for $7,000 cash 9. At the end of 2020 , pledges (restricted as to purpose) were received in the amount of $120,000. These are intended to be received and expended in 2021. 10. Cash contributions were received from donors restricted for plant acquisition, $170,000. 11. Bills were received for the following items: Utilities $139,000 and Insurance $80,000. These will be paid in January of 2021. 12. Depreciation of plant and equipment amounted to $180,000. 13. Cash payments on accounts payable amounted to $168,000. Another $800,000 was expended on wages and benefits. 14. Cash collections of patient accounts receivable amounted to $1,180,000. These were in settlement of patient accounts totaling $1,587,000. Contractual adjustments associated with these totaled $400,000 and price concessions totaled $7,000. 15. Closing entries were prepared. Required: a. Record the transactions in the general journal of the Port Hudson Community Hospital. 1 Record the gross charges for patient services, all charged to Patient Accounts Receivable, amounted to $1,800,000. 2 Estimated contractual adjustments for patient services with third-party payors amounted to $465,000. 3 Record the $10,000 estimated implicit price concessions. 4 Record the charity services, not included in transaction 1 , would amount to $66,000, had billings been made at gross amounts. 5 Other revenues, received in cash, were parking lot, $20,000; cafeteria, $35,000; gift shop, $5,000. 6 Record the cash gifts received for programs. 7 Record the $50,000 technician salaries supporting the program. 8 Record the reclassification of assets in satisfaction of program restrictions. 9 Mortgage bond payments amounted to $50,000 for principal and $28,000 for interest. Assume unrestricted resources are used. 10 During the year, the hospital received, in cash, unrestricted contributions of $42,000 and unrestricted income of $35,000 from endowment investments. 11 Record the new equipment, costing $152,000, acquired using donor-restricted cash that was on hand at the beginning of the year. 12 Record the reclassification of net assets due to equipment acquisition. 13 An old piece of lab equipment that originally cost $50,000 and that had an undepreciated cost of $10,000 was sold for $7,000 cash. 14 At the end of 2020, pledges (restricted as to purpose) were received in the amount of $120,000. These are intended to be received and expended in 2021 . 15 Cash contributions were received from donors restricted for plant acquisition, $170,000. 16 Record the bills received for Utilities $139,000 and Insurance $80,000 to be paid in January of 2021 . 17 Depreciation of plant and equipment amounted to $180,000. 18 Record the cash payments on accounts payable amounted to $168,000. 19 Record the $800,000 expended on wages and benefits. 20 Record the cash collections of patient accounts receivable amounted to $1,180,000. These were in settlement of patient accounts totaling $1,587,000. Contractual adjustments associated with these totaled $400,000 and price concessions totaled $7,000. 21 Record the closing entry for net assets without donor restrictions. 22 Record the closing entry for net assets with donor restrictions