An international charity collects donations, which are used to pay its operating expenses and buy equipment for others. The charity records donations of cash and other items as Donations Revenue when received. a. Received $8,550 in cash and checks from a door-to-door campaign. b. Incurred and paid $2,650 cash for employee wages this month. c. Paid $3,800 cash on a short-term loan from the bank (ignore interest). d. Bought $4,200 of equipment from a manufacturer, paying $2,100 cash and signing a short-term note for $2,100. e. The manufacturer generously donated to the charity an additional $3,150 of equipment Required: 1. Prepare journal entries for the above transactions, which occurred during a recent month. 2. Determine the charity's preliminary net income. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare journal entries for the above transactions, which occurred during a recent month. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 2 3 4 5 Record the receipt of $8,550 in cash and checks from a door-to-door campaign. Note: Enter debits before credits. Transaction General Journal Debit Credit An international charity collects donations, which are used to pay its operating expenses and buy equipment for others. The charity records donations of cash and other items as Donations Revenue when received. a. Received $8,550 in cash and checks from a door-to-door campaign. b. Incurred and paid $2,650 cash for employee wages this month. c. Paid $3,800 cash on a short-term loan from the bank (ignore interest). d. Bought $4,200 of equipment from a manufacturer, paying $2,100 cash and signing a short-term note for $2,100. e The manufacturer generously donated to the charity on additional $3,150 of equipment. Required: 1. Prepare journal entries for the above transactions, which occurred during a recent month. 2. Determine the charity's preliminary net income. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the charity's preliminary net income. Preliminary Net Income