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:

Herzberg's Model

A theory of motivation suggesting that certain factors cause job satisfaction while a separate set of factors cause dissatisfaction.

Extrinsic Factors

External incentives or conditions, outside of the individual's internal motivation, that influence behavior and decision-making, such as pay, awards, or external recognition.

Psychological States

The mental conditions or statuses, influenced by emotions, feelings, and thoughts, that determine an individual's disposition at any moment.

Job Characteristics Model

A conceptual framework proposing that five core job characteristics (skill variety, task identity, task significance, autonomy, and feedback) affect job outcomes through their impact on psychological states.