Prepare the journal entries to record the following transactions. 1. A cash donation of $80,000 was received

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Prepare the journal entries to record the following transactions.
1. A cash donation of $80,000 was received by James County. The donor stipulated that the resources were to be used solely for Carolyn City 4-H purposes.
2. Rent for an auditorium used for a Carolyn City 4-H conference and training session was paid, $800.
3. Travel and registration costs for Carolyn City 4-H members and county staff to attend a regional 4-H camp were incurred and paid, $2,000.
4. A computer was purchased for the use of the Carolyn City 4-H coordinator and leaders, $5,000.

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Governmental and Nonprofit Accounting

ISBN: 978-0132751261

10th edition

Authors: Robert Freeman, Craig Shoulders, Gregory Allison, Robert Smi

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