Prepare journal entries to record the following transactions of a not- for- profit hospital:

1. The hospital billed its patients for $ 250,000. 2. Nurses and doctors employed by the hospital were paid their salaries, $ 100,000.

3. The chief administrative officer was paid her salary of $ 10,000.

4. The hospital paid its utility bill, $ 5,000.

5. Depreciation on the equipment was $ 34,000.

6. Several adults donated their time (worth $ 5,000) selling merchandise in the hospital gift shop.

7. The hospital billed Medicare $ 100,000 for services provided at its established rates. The pro-spective billing arrangement gives Medicare a 40 percent discount from these rates.

8. An unrestricted donation of $ 4,000 was received.