Using the same information given in E13- 14, prepare the journal entries that would be used to record the data. Identify each type of fund used.

In E13- 14

The following transactions relate to the Rohan Hospital, a not- for- profit hospital that uses fund accounting for internal record keeping purposes. Indicate which fund(s) would be used to record the data.

1. Collected $ 2,345 from a patient.

2. Received a $ 100,000 grant from Christine Drug Company for a study of the effects of morphine on female patients.

3. Received unrestricted gifts of $ 50,000.

4. Purchased equipment for $ 125,000 by using resources previously accumulated in the Plant Replacement and Expansion Fund.

5. Research expenses totaling $ 12,000 were incurred in studying the effects of morphine on female patients, using the Christine grant.

6. The board decided to begin a fund for nursing education. Initially $ 10,000 of general hospital resources was transferred to the fund.

7. Marketable securities with a fair value of $ 15,000 were donated by CHR, Inc., to help the hospital acquire new equipment.

8. The hospital received a dividend check for $ 2,000 from the securities donated in transaction 7. Assume that the investment income is restricted in the same way as the original gift.