The following transactions relate to the Rohan Hospital, a not for profit hospital that uses fund accounting for internal record keeping purposes. Indicate which fund( s) would be used to record the data.
1. Collected $ 2,345 from a patient.
2. Received a $ 100,000 grant from Christine Drug Company for a study of the effects of morphine on female patients.
3. Received unrestricted gifts of $ 50,000.
4. Purchased equipment for $ 125,000 by using resources previously accumulated in the Plant Replacement and Expansion Fund.
5. Research expenses totaling $ 12,000 were incurred in studying the effects of morphine on female patients, using the Christine grant.
6. The board decided to begin a fund for nursing education. Initially $ 10,000 of general hospital resources was transferred to the fund.
7. Marketable securities with a fair value of $ 15,000 were donated by CHR, Inc. to help the hospital acquire new equipment.
8. The hospital received a dividend check for $ 2,000 from the securities donated in transaction 7. Assume that the investment income is restricted in the same way as the original gift.