Caring Community Hospital, a not-for-profit hospital, recorded the following transactions.
1. Received $20 as co-pay from a patient for an out-patient visit. Billed $500 to insurance.
2. Gift shop sales amounted to $1,500.
3. Citizen's Health Insurance paid $350 as final payment on the $500 billed for the patient in transaction 1.
4. The hospital provided medical care valued at $20,000 for homeless citizens.
5. A grateful patient contributed $1,000 for unrestricted use by the hospital.
6. The hospital received $500 for CPR training it provided to the city fire department.
7. The local retirees association contributed $2,000 of labor at the hospital information desk.
8. The hospital received a $10,000 federal grant to provide immunizations to children.
9. Patient accounts of $500 were written off as uncollectible.
10. Pharmaceutical firms donated recently approved drugs valued at $8,000.
The hospital uses a similar type drug in its operations.
a. Patient service revenue
b. Contractual adjustments
c. Other revenue (exchange)
d. Other revenue (non exchange)
e. No revenue
Required
For each transaction, indicate which revenue classification would be affected by selecting the letter or letters of that (those) classification(s) from the list in the right-hand column.