St.Mark's is a private not-for-profit hospital.At the end of December 2011,a donor pledged to make five payments of $75,000 each,on January 1,2012,2013,2014,2015,and 2016 to pay for operations in those years.The present value of these payments is $334,883,discounted at 6%.The contribution was not restricted as to purpose.Record all entries required for 2011 and 2012.

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The Answer of St.Mark's is a private not-for-profit hospital.At the end of December 2011,a donor pledged to make five payments of $75,000 each,on January 1,2012,2013,2014,2015,and 2016 to pay for operations in those years.The present value of these payments is $334,883,discounted at 6%.The contribution was not restricted as to purpose.Record all entries required for 2011 and 2012.

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