Prepare the journal entry to record the following transaction of Youth Services Inc. (YSI), a private not-for-profit entity that provides counseling, training, and recreation programs for young people. YSI records all transactions so as to identify the two classes of net assets (without donor restrictions & donor restrictions) required for financial reporting. YSI initially records all donations with program restrictions as donor-restricted until used for the intended purpose.

Ellen Falk, a local attorney, donates 10 hours of her time to YSI drawing up legal contracts. Ms. Falk also donates 20 hours preparing lunch for the youths. She normally charges $200 an hour for her legal services. YSI would have hired an attorney if Ms. Falk had not volunteered her time.