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A Not-For-Profit Hospital Uses Three Revenue-Controlling Accounts: Patient Service Revenue

Question 65

Essay

A not-for-profit hospital uses three revenue-controlling accounts: Patient Service Revenue, Other Operating Revenue, and Nonoperating Revenue.
Required:
Indicate which of the three revenue accounts would be credited to record the following transactions, or None if none of the accounts is appropriate.
a.Snack bar sales_______________________
b.Dividends from unrestricted investments_______________________
c.Operating room fees_______________________
d.Pharmacy sales to patients_______________________
e.Fees for educational programf. Proceeds from bond sale g. Gains on sale of unrestricted investments h. Contributions for a term endowment i. Cash transfers from matured term endowments for use in operations j. Cafeteria sales to visitorsoffered to nurses_______________________

Correct Answer:

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a.Other Operating Revenue, unrestricted
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