2a

The following are the 202 transactions of the Midwest Heart Association, which has the following funds and fund balances on January 1,202 1. Had Unrestricted pledges totaling $765,000, of which $195,000 is for 203, and uncollectible pledges estimated at 8 percent 2. Had restricted use grants totaling $170,000 3. Collected a total of $538,000 of current pledges and wrote off $32,000 of remaining uncollected current pledges. 4. Purchased office equipment for $11,000. 5. Used unrestricted funds to pay the $3,900 mortgage payment due on the bulldings. 6. Received interest and dividends of $27,800 on unrestricted investments and $5,200 on temporarily restricted Investments. An endowment investment with a recorded value of $5,100 was sold for $6,600, resulting in a realized transaction gain of $1,500. A donor-Imposed restriction specified that gains on sales of endowment Investments must be maintained in the permanently restricted endowment fund. 7. Recorded and allocated depreclation as follows: 8. Had other operating costs of the current fund Net assets with donor restrictions: 9. Recelved clerical services totaling $2,500 donated during the fund drive. These are not part of the expenses reported in item 8 . It has been determined that these donated services should be recorded. Required: a. Prepare journal entries for the transactions in 202. Note: If no entry Is required for a transactlon/event, select "No journal entry requlred" In the first account fleld. A Record the unrestricted pledges and estimated uncollectible pledges. B Record the restricted use grants. Record the pledges collected. Record the write-off of the uncollected pledges. E Record the purchase of office equipment. F Record the unrestricted funds used to pay the mortgage payments. Record the investment income. H Record the gain on the sale of the investment. I Record the depreciation allocations. J Record the operating costs. Record the fund-raising expenses against the donated services