Question: ew Zoom Insert Table Chart Text Shape Media Comment Share 26. (8 points) For each of the following unrelated transactions, record the journal entry that

 ew Zoom Insert Table Chart Text Shape Media Comment Share 26.

ew Zoom Insert Table Chart Text Shape Media Comment Share 26. (8 points) For each of the following unrelated transactions, record the journal entry that would be made by a nongovernmental, not-for-profit organization involved in medical research. (a) The organization received $15,000 in cash contributions. Of that amount, $10,000 is to be used for medical research. (b) The organization received pledges of $70,000 for its endowment fund. All pledges will be collected next year. (c) The organization paid medical research operating expenses of $5,000 that were related to contributions it had received in prior years for this purpose. SELECT (d) The organization sponsored a pot-luck supper to raise funds for medical research. Direct costs of the event were $700 and the event raised cash contributions of $2,400

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