Record entry Clear entry View general journal b. Prepare journal entries to record the foregoing transactions, assuming the hospital is a business-type government facility. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet A B D E F G > any Ica The Sunnyvale hospital has set aside $590,000 cash for future debt payment, a mi as requested by the borrowing agreement. Charity Note: Enter debits before credits. rance Transaction General Journal Debit Credit Inclosed 01 pital rep nd also to vale Prey 1 of 2 Next > isors inPrepare journal entries for the following transactions. 1. The Sunnyvale hospital has set aside $590,000 cash for future debt payment, as requested in the borrowing contract. 2. The hospital accrued $1,590,000 in patient service revenues. Charity services of $460,000 were also provided. Contractual adjustments total $580,000. 3. An increase of $54,000 was recorded for bad debts. 4. General services of $190,000 were donated by nurses. Normally, the hospital would have purchased these specialized services 5. An endowment contribution of $1,590,000 was received. 6. Investments held by the hospital increased in fair value by $41,000. 7. The hospital purchased $846,000 in equipment with resources that had been contributed in prior years for such a purchase! Required a. Prepare journal entries to record the foregoing transactions, assuming the hospital is a not-for-profit facility. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.} View transaction list