a. Received $7,300 in cash and checks from a door-to-door campaign. b. Incurred and paid $2,200...

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a. Received $7,300 in cash and checks from a door-to-door campaign. b. Incurred and paid $2,200 cash for employee wages this month. c. Paid $3,700 cash on a short-term loan from the bank (ignore interest). d. Bought $3,700 of equipment from a manufacturer, paying $1,400 cash and signing a short-term note for $2,300. e. The manufacturer generously donated to the charity an additional $3,300 of equipment. Required: 1. Prepare journal entries for the above transactions, which occurred during a recent month. 2. Determine the charity's preliminary net income. a. Received $7,300 in cash and checks from a door-to-door campaign. b. Incurred and paid $2,200 cash for employee wages this month. c. Paid $3,700 cash on a short-term loan from the bank (ignore interest). d. Bought $3,700 of equipment from a manufacturer, paying $1,400 cash and signing a short-term note for $2,300. e. The manufacturer generously donated to the charity an additional $3,300 of equipment. Required: 1. Prepare journal entries for the above transactions, which occurred during a recent month. 2. Determine the charity's preliminary net income.

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1 Journal Entries a To record cash and checks received from the doortodoor campaign CashAccounts ... View the full answer