Question: Problem is attached. This is all the information given. Thank you. PROBLEM #2: Various VHWO Entries: Prepare the general journal entries record the following transactions

Problem is attached. This is all the information given.
Thank you.  Problem is attached. This is all the information given. Thank you.

PROBLEM #2: Various VHWO Entries: Prepare the general journal entries record the following transactions and events of the Way to Lend a Hand Institute, a non-governmental VHWO: 1. Pledges: $ 700,000 for aid to the handicapped 900,000 for building additions I 100,000 for general operations in future years $1,700,000 2. A building addition was completed at a cost of $3,000,000. The $900,000 received in item 1 was paid the contractor, and the balance is owed on a 10-year, 12% note payable. 3. Expenditures, all paid, were made as follows: General Operations $ 500,000 Aid to the Handicapped $ 300,000 4. Equipment costing $400,000 was purchased from unrestricted resources. 5. A fund-raising bazaar and banquet were held to assist in the payment of special All $300,000 of gross receipts were unrestricted. events. MacBook Air 000

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