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4. You are the Controller for Dane College, a not-for-profit entity. Based on the events listed below that occurred during the year, you need to
4. You are the Controller for Dane College, a not-for-profit entity. Based on the events listed below that occurred during the year, you need to make the appropriate accounting journal entries for the fiscal year ended June 30, 2021.
d. During the year, a wealthy benefactor pledged $1 million to the College during a fund-raising campaign to renovate the oldest building on campus. The benefactor will deliver the cash when the renovation is substantially complete.
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