1. Journal Entries - Contribution Revenue American Health Research is a nonprofit organization that conducts research and experimental studies to assist in the discovery of cures for various diseases.

A) List the journal entry that should be prepared for each of the following transactions. If no journal entry is necessary, list "No Entry Required" as your answer.

B) Determine the amount of revenue that is considered "With Restrictions" and "Without Restrictions".

1. Donors pledged $2,000,000 to American Health Research during its annual fundraiser.

2. A donor promised to contribute $1,000,000 with the stipulation that the funds be used to research causes of heart disease.

3. Dr. Jenkins, a leading medical researcher, promised a donation of $500,000 if she is appointed to American Health's board of directors. 4. Jim Riley, a member of American Health's board and a CPA, conducted a financial review free of charge. Jim is in expert in conducting financial reviews. The normal fee for this service is $25,000. 5. Several local medical students volunteered to serve as receptionists during the year. This service is valued at $120,000.

6. A local manufacturer donated lab equipment to American Health. The equipment had cost the manufacturer $160,000 and has a fair value of $180,000.

7. A wealthy resident promised to donate $400,000 to American Health in two years. The present value of this amount is estimated to be $320,000.

8. A donation of $600,000 was received from a group of scientists. The scientists stipulated that the funds can not be spent in the current year, but that $200,000 should be spent on genetic research in each of the subsequent three years.

American Health Research is a nonprofit organization that conducts research and experimental studies to assist in the discovery of cures for various diseases. A) List the journal entry that should be prepared for each of the following transactions. If no journal entry is necessary, list "No Entry Required" as your answer. B) Determine the amount of revenue that is considered "With Restrictions" and "Without Restrictions". 1. Donors pledged $2,000,000 to American Health Research during its annual fundraiser. 2. A donor promised to contribute $1,000,000 with the stipulation that the funds be used to research causes of heart disease. 3. Dr. Jenkins, a leading medical researcher, promised a donation of $500,000 if she is appointed to American Health's board of directors. 4. Jim Riley, a member of American Health's board and a CPA, conducted a financial review free of charge. Jim is in expert in conducting financial reviews. The normal fee for this service is $25,000. 5. Several local medical students volunteered to serve as receptionists during the year. This service is valued at $120,000. 6. A local manufacturer donated lab equipment to American Health. The equipment had cost the manufacturer $160,000 and has a fair value of $180,000. 7. A wealthy resident promised to donate $400,000 to American Health in two years. The present value of this amount is estimated to be $320,000. 8. A donation of $600,000 was received from a group of scientists. The scientists stipulated that the funds can not be spent in the current year, but that $200,000 should be spent on genetic research in each of the subsequent three years