Accounting for In-Kind Contribution Revenue and computers must be used. 1. Record the journal entry for the gift. Enter accounts in order of magnitude (largest to smallest amounts), debits first. fields and enter 0 in the amount fields. \begin{tabular}{|c|c|c|c|} \hline Account & & Debit & Credit \\ \hline & v & 0 & 0 \\ \hline & v & 0 & 0 \\ \hline & v & 0 & 0 \\ \hline To record the contribution & & & \\ \hline \end{tabular} 2. How would the gift be recorded if Williams University were a public university? 3. If the donation had instead been for donated tutoring serivces, how would the gift be recognized by a public or privatge, nonprofit university