Show Entries in General Journal Form for the Following Transactions

question 14

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 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:

Inner Mitochondrial Compartment

The matrix within mitochondria where critical reactions in cellular respiration, including the Krebs cycle, take place.

ATP Production

The biochemical process cells use to convert food into energy in the form of adenosine triphosphate (ATP).

Energy Storage Molecules

Compounds that cells use to store and release energy, such as ATP, fats, and carbohydrates.

Lipids

Lipids are a group of naturally occurring molecules that include fats, oils, waxes, and certain vitamins, characterized by their insolubility in water and role in storing energy and forming cell membranes.