Helping Hand, a voluntary health and welfare organization, provides a variety of services in the local community.

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Helping Hand, a voluntary health and welfare organization, provides a variety of services in the local community. The following transactions occurred in the fiscal year ending June 30, 20X7:

1. The following pledges were received:

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2. The following amounts were collected:

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3. The following unrestricted revenues were received:

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4. Expenses incurred during the year were:

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5. Equipment costing \(\$ 40.000\) was purchased. Depreciation on buildings and equipment for the year was allocated as follows:

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6. Vouchers totaling \(\$ 275,000\) were paid during the year.
\section*{Required}
Prepare a workpaper with the column headings presented below. Record the journal entries (without explanation) for the preceding transactions in the proper asset groups.

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Advanced Financial Accounting

ISBN: 9780072444124

5th Edition

Authors: Richard E. Baker, Valdean C. Lembke, Thomas E. King

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