Record the following transactions on the books of St. Thomas Hospital, a private not-for-profit hospital.
(a) The Hospital billed patients $150,000 for services rendered. Of this amount, 2.5% is expected to be uncollectible. Contractual adjustments with insurance companies are expected to total $29,000.
(b) The Hospital received $240,000 in pledges of support in a campaign undertaken to purchase new MMR equipment. All of the pledges are payable within one year and 8% are expected to be uncollectible.
(c) Charity care in the amount of $14,000 (at standard charges) was performed on an indigent patient.
(d) The Hospital collected $111,400 for the services performed in (1) above. Actual contractual adjustments for these services amounted to $31,600. The remaining receivables were written off as uncollectible.

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The Answer of Record the following transactions on the books of St. Thomas Hospital, a private not-for-profit hospital.
(a) The Hospital billed patients $150,000 for services rendered. Of this amount, 2.5% is expected to be uncollectible. Contractual adjustments with insurance companies are expected to total $29,000.
(b) The Hospital received $240,000 in pledges of support in a campaign undertaken to purchase new MMR equipment. All of the pledges are payable within one year and 8% are expected to be uncollectible.
(c) Charity care in the amount of $14,000 (at standard charges) was performed on an indigent patient.
(d) The Hospital collected $111,400 for the services performed in (1) above. Actual contractual adjustments for these services amounted to $31,600. The remaining receivables were written off as uncollectible.

Record the Following Transactions on the Books of St