1 Prepare journal entries based upon the following transactions for Scholarships for Hoosiers Not for profit organization. Upon completion prepare a trial balance 2 3 a The Scholarship for Hoosiers organization hosted its annual fundraiser and received $500k in contributions. Historically, they've collected 85% of what is promised 4 b The Scholarship for Hoosiers organization received investments valued at $200k sc An anonymous donor gave cash gifts of $300k indicating that the gift should be used for recipients from Tippecanoe county 6 d Scholarships for Hoosiers paid their employee salaries for the month in the amount of $18,000 70 A local CPA volunteered his time to audit the financial statements for the NFP. It took him 20 hours and his normal hourly fee is $ 100/hour 8f Scholarships for Hoosiers awarded scholarships of $10,000 to Tippocanoe county residents and scholarships of $60,000 to residents from other counties in Indiana 9