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 #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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