St.Mark's is a private not-for-profit hospital. At the end of December 2014,a donor pledged to make five payments of $50,000,beginning on January 1,2015. The contributions are restricted to pay for operations in those years. The present value of these payments is $223,255,discounted at 6%. The contribution was not restricted as to purpose. Record all entries required for 2014 and 2015.

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The Answer of St.Mark's is a private not-for-profit hospital. At the end of December 2014,a donor pledged to make five payments of $50,000,beginning on January 1,2015. The contributions are restricted to pay for operations in those years. The present value of these payments is $223,255,discounted at 6%. The contribution was not restricted as to purpose. Record all entries required for 2014 and 2015.

StMark's Is a Private Not-For-Profit Hospital