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13. Ace and TJ is a not-for-profit organization that supports the rehabilitation of injured or orphaned animals. Ace and TJ recognized program expenses of $531,000

13. Ace and TJ is a not-for-profit organization that supports the rehabilitation of injured or orphaned animals. Ace and TJ recognized program expenses of $531,000 and expenses related

to support activities of $71,800, both on the account. $46,000 of the program expenses will be paid from temporarily restricted funds and used in compliance with the donors stipulations.

Prepare the 2 journal entries for this transaction.

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