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Check my work 1 The following are transactions and events of the general fund of Sycamore Hospital, a not-for-profit entity, for the 20x6 fiscal year ending December 31, 20X6. 5 points 1. Provided a total of $6,600,000 in patient services. 2. Had total operating expenses of $6,051,000, as follows: eBook Nursing services Other professional expenses Fiscal services General services Bad debts Administration Depreciation $2,148, eee 1, 268, eee 231,080 1,568,eee 139,000 239, eee 491, nee Print References Accounts credited for operating expenses other than depreciation: Cash Allowance for Uncollectibles Accounts Payable Inventories Donated Services $4,786,892 139,000 223,899 240,000 172,888 3. Allowed contractual adjustments of $200,000 as deductions from gross patient revenue. 4. Received a transfer of $150,000 from specific purpose funds for payment of approved operating costs in accordance with the terms of the restricted gift 5. Received a transfer of $200.000 from the plant fund with donor restrictions to purchase new equipment for the hospital. 6. Received $150,000 of unrestricted gifts. 7. Collected accounts receivable except for $80,000 written off. 8. Reported a $70.000 increase in the market value of the investment securities portfolio of the general fund from the beginning of the period. The board designated this entire income for other than current operations. 1 Required: a. Prepare journal entries in the general fund for each of the transactions and events. (If no entry is required for a transaction/event, select "No journal entry required" In the first account field.) 5 points View transaction list eBook Journal entry worksheet Print Record the entry for patient services provided. References Note: Enter debits before credits. Event General Journal Debit Credit 1 Record entry Clear entry View general journal 1 b. Prepare the statement of operations for the general, fund without donor restrictions of Sycamore Hospital. 5 points SYCAMORE HOSPITAL Statement of Operations For the Year Ended December 31, 20X6 Unrestricted Revenue. Gains, & Other Support: 4 eBook Print Total revenues, gains, and other support Expenses and losses: References Total operating expenses