Question: please answer Direction: Read the problem and give what is being asked. Write your answers on another sheet of paper. 1. Santa Maria Hospital is

please answer

please answer Direction: Read the problem and
Direction: Read the problem and give what is being asked. Write your answers on another sheet of paper. 1. Santa Maria Hospital is a non-profit organization located in Bulacan. Given below are the transactions and events of its General Fund for October 20x1: Gross patient service revenues of P80.000 were billed to patients. Indigent charity care amounted to P4300, of which P2,500 was a receivable from Social Medicare of P6,000 and doubtful accounts of PB.000. Contributed services approximating P10.000 at going salary rates were received from volunteer nurses. Meals costing P200 were served to the volunteer nurses at no charge by the Santa Maria Hospital cafeteria. New unrestricted pledges due in three (3) months. totaling P5.000. were received from various donors. Collections on pledges amounted to P3.500. and the provision for doubtful pledges for the month was P800. The amount of P3.000 received from the Restricted Fund was expended for new surgical equipment, as authorized by the donor. Required: Prepare the journal entries for the transactions of Santa Maria Hospital for October. 2. The following events occurred to the Cancer Research Foundation during the fiscal year ended June 30. 20x1: I Unrestricted pledges for P300000 were received. It is estimated that 10% will not be collectible. I P260.000 was collected on pledges. It is estimated that another P10.000 will be collected next year. I Received P40.000 from Manila Bulletin. The amount was not of P5.000 for fund-raising expenses. I Invested P35,000 in certificates of deposit. During the year. it collected P2,000 interest. At year-end, the accrued interest amounted to P1,000. Collected P5.000 in cash from sales of its booklet \"How to Cope with Cancer.\" Expenses paid in cash during the year were as follows: Salaries P90.000 Employee Fringe Benefits 15.000 Payroll Taxes 16,000 Sugplies 7,000 Telephone 1 .500 Utilities 6.000 Rent 10,000 Conferences, Conventions. and Meetings 5.000 Cost of Booklet \"How to Cope with Cancer\" 1,000 Miscellaneous 3.000 Accrued expense at year-end amounted to P1.000 for utilities and P5.000 for salaries. The board of directors (BOD) specified that P10,000 should be used to purchase a new computer for research purposes. Required: Prepare the journal entries to record the above events in the Unrestricted Current Fund. 05 Tank Performance 1 *Pmperty of 3T1 P1199101 2 $11 emails 3. Among the transactions and events of Lifegroup School, a non-profit secondary school for the year ended June 30. 20x1. are the following: Paid P50.000 from the Unrestricted Fund for classroom computers to be carried in the Plant Fund. Received an unrestricted cash gift of P200,000. Disposed of common stocks for P110000, which had been carried in the Quasi-Endowment Fund at P100.000. There were no restrictions on the use of the proceeds attributable to the gain. Constructed a new school building at a total cost of P2.000,000. A payment was made composed of P250.000 from the Plant Fund and P1350000 obtained on a 5% mortgage note payable. Rubric: Prepare the journal entries for the transactions of Lifegroup School for the year ended June 30. 20x1

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