Show Entries in General Journal Form for the Following Transactions

question 40

Essay

Show entries in general journal form for the following transactions of Bothwell Regional Hospital,a nongovernmental not-for-profit hospital.
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 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:

Informal Proposal

A proposal that is not structured or formalized according to specific guidelines, often used in less formal settings or preliminary discussions.

Project Leaders

Individuals responsible for planning, executing, and closing projects, ensuring goals and requirements are met.

Proposal Introduction

The initial section of a proposal document that outlines the purpose, goals, and significance of the proposal.

Conclusion and Authorization

The final part of a document or process where summary points are made, and permission or approval is formally given.