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7. Ace and TJ is a not-for-profit organization that supports the rehabilitation of injured or orphaned animals. During the year, the organization recorded a number

7. Ace and TJ is a not-for-profit organization that supports the rehabilitation of injured or orphaned animals. During the year, the organization recorded a number of financial activities. The organization

recognized the following revenues (the contributions are all on account and the investment returns are in cash):

Revenues - contributions (without donor restrictions))

$587,000

Revenues - contributions (with donor restrictions)

73,250

Revenues - investment (without donor restrictions)

5,970

Revenues - investment (with donor restrictions)

19,950

Prepare the journal entry for this transaction.

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