Prepare General Journal Form for the Following Transactions of Bothwell

question 5

Essay

Prepare general journal form for the following transactions of Bothwell Regional Hospital, a nongovernmental not-for-profit hospital. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)
1. For the month just ended the hospital received in cash $8,000 from the hospital's gift shop sales, and received donated medicines with a fair value of $47,000. These medicines are of the type the hospital normally would purchase.
2. The hospital's finance officer, in compliance with the directive of the governing board, invested $600,000 of operating cash in certificates of deposit to be held for future purchases of equipment.
3. New equipment costing $750,000 was purchased from money given to the hospital by a donor in a prior year to be held until needed for equipment purchases.
4. A federal grant was received in cash in the amount of $400,000 to be used for heart research. During the current year only $50,000 was spent for this research program.

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Definitions:

Physical Attractive

The degree to which a person's physical traits are considered aesthetically pleasing or beautiful.

Menstruate

The process in which blood and other materials from the lining of the uterus are discharged externally, occurring in most females as part of the monthly menstrual cycle.

Biological Reductionism

A perspective in psychology and other sciences that seeks to explain complex phenomena in terms of simpler biological processes.

Evolutionary Theory

A theoretical framework that explains how biological traits and behaviors evolve over generations through natural selection, genetic drift, mutation, and gene flow.