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Requlred: Record the following uransactions on the books of Hope Hospital, which foliows FASB (not-for-profit) and AICPA standardis. The year is 2020. (if no entry is requlred for a transaction/event, select "No Journal Entry Requlred" In the flrst account fleld.) 1. Hope recelved $40,000 in cash from pledges made in the previous year that were unrestricted as to purpose but intended to be received and expended in 2020 2. Hope recelved $98,000 in pledges that indicated the money would be received in 2021. The donors imposed no restrictions other than it could be used for any puppose desired by the board 3. Hope expended 549.000 for nursing training. using $42.000 of donor restricted resourcee received in 2019 for that purpose. 4. On June 15,2020, Hope was awarded a 559.000 grant for cancer research by the U.5, Department of Agriculture. During 20.20. Hope had qualified expenses under the grant totaling $40,000. This is cost reimbursement, grant. 5. Hope teceiyed $277,000 in cash. The board decided to irvest the funds for future plant expansion. 1. Hope received 540.000 in cash frem pledges msde in the previous year that were unrestricted as to purpose but intended to be received and expended in 2020. Fecerd the cash from the pledges made in the previous yeac 2. Hope recenved 540,000 in cash from pledges made in the previous year that were unirestricted as to purpese but intended to be received and expended in 2020. Pecord the reclassification of the pledges offirived in the previous year. 3 Hope received $99,000 in pledges that indicated the money would be received in 2021. The donors imposed no restrictions other than it could be used for any purpose desired by the board. Note ; P = journal entry has been entered 4 Record the expense on nursing training. 11 5 Record the transfer from donor restricted resources that ar that had been given in 2019 for the purpose of nurse training. nded in 6 On June 15, 2020, Hope was awarded a $59,000 grant for cancer research by the U.S. Department of Agriculture. 7 During 2020, Hope had qualified elhses under the grant totaling $40,000. 8 Record the expenses reimbursed under the grant totaling 540,000 . Note : = journal entry has been entered Record entry Clear entry View general journal 7 During 2020, Hope had qualified expenses under the grant totaling $40,000. 8. Record the expenses reimbursed under the grant totaling 540,000 . 9 Record the receipt in cash. 10 Record the investment of the funds. for future plant expansion. 11 Record the demarcation of net assets-unrestricted for plant expansion. Note : = journal entry has been entered Requlred: Record the following uransactions on the books of Hope Hospital, which foliows FASB (not-for-profit) and AICPA standardis. The year is 2020. (if no entry is requlred for a transaction/event, select "No Journal Entry Requlred" In the flrst account fleld.) 1. Hope recelved $40,000 in cash from pledges made in the previous year that were unrestricted as to purpose but intended to be received and expended in 2020 2. Hope recelved $98,000 in pledges that indicated the money would be received in 2021. The donors imposed no restrictions other than it could be used for any puppose desired by the board 3. Hope expended 549.000 for nursing training. using $42.000 of donor restricted resourcee received in 2019 for that purpose. 4. On June 15,2020, Hope was awarded a 559.000 grant for cancer research by the U.5, Department of Agriculture. During 20.20. Hope had qualified expenses under the grant totaling $40,000. This is cost reimbursement, grant. 5. Hope teceiyed $277,000 in cash. The board decided to irvest the funds for future plant expansion. 1. Hope received 540.000 in cash frem pledges msde in the previous year that were unrestricted as to purpose but intended to be received and expended in 2020. Fecerd the cash from the pledges made in the previous yeac 2. Hope recenved 540,000 in cash from pledges made in the previous year that were unirestricted as to purpese but intended to be received and expended in 2020. Pecord the reclassification of the pledges offirived in the previous year. 3 Hope received $99,000 in pledges that indicated the money would be received in 2021. The donors imposed no restrictions other than it could be used for any purpose desired by the board. Note ; P = journal entry has been entered 4 Record the expense on nursing training. 11 5 Record the transfer from donor restricted resources that ar that had been given in 2019 for the purpose of nurse training. nded in 6 On June 15, 2020, Hope was awarded a $59,000 grant for cancer research by the U.S. Department of Agriculture. 7 During 2020, Hope had qualified elhses under the grant totaling $40,000. 8 Record the expenses reimbursed under the grant totaling 540,000 . Note : = journal entry has been entered Record entry Clear entry View general journal 7 During 2020, Hope had qualified expenses under the grant totaling $40,000. 8. Record the expenses reimbursed under the grant totaling 540,000 . 9 Record the receipt in cash. 10 Record the investment of the funds. for future plant expansion. 11 Record the demarcation of net assets-unrestricted for plant expansion. Note : = journal entry has been entered

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