An international childrens charity collects donations, which are used to buy clothing and toys for children in need. The charity records donations of cash and other items as Donations Revenue when received.

a.	Received $8,950 in cash and checks from a door-to-door campaign.
b.	Paid $2,300 cash for employee wages this month.
c.	Paid $4,970 cash on a short-term loan from the bank (ignore interest).
d.	Bought $5,180 worth of new toy supplies from a large toy manufacturer, paying $1,680 cash and signing a short-term note for $3,500.
e.	The manufacturer generously donated an additional $4,050 of toy supplies.

view transaction list journal entry worksheet Transaction General Journal Cash Donation Revenue b Salaries and Wages Expense Cash c. Notes Payable (short-term) Cash d. Supplies Notes Payable (short-term) Cash e Supplies Donation Revenue 2. Determine the charity's preliminary net income Preliminary Net Income Debit 8,950 2,300 4,970 5,180 4,050 Credit 8,950 2,300 4,970 3,500 1,680 4,050