St. David's Hospital, a not-for-profit business oriented hospital, had contributions totaling $14,000,000 as follows: $2,000,000 for unrestricted purposes for the following year and beyond; $6,000,000 for construction of a new surgery wing which is scheduled to be built in the following year, $5,000,000 pledged for endowment purposes and $1,000,000 restricted for purposes other than long term asset acquisition. The endowment was a pledge; all other contributions were received in cash.
What is the hospital's journal entry?

Question

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The Answer of St. David's Hospital, a not-for-profit business oriented hospital, had contributions totaling $14,000,000 as follows: $2,000,000 for unrestricted purposes for the following year and beyond; $6,000,000 for construction of a new surgery wing which is scheduled to be built in the following year, $5,000,000 pledged for endowment purposes and $1,000,000 restricted for purposes other than long term asset acquisition. The endowment was a pledge; all other contributions were received in cash.
What is the hospital's journal entry?

St David's Hospital, a Not-For-Profit Business Oriented Hospital, Had Contributions