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Can you all help me work out the above problems, please? Can you all show me the step by step work as how you all
Can you all help me work out the above problems, please? Can you all show me the step by step work as how you all computed and obtained the solutions/answers of every question that makes up the above requirements, please?
The Shannon Community Kitchen provides hot meals to homeless and low-income individuals and families; it is the organization's only program. It is the policy of the community kitchen to use restricted resources for which the purpose has been met before resources without donor restrictions. The kitchen had the following revenue and expense transactions during the 2020 fiscal year. 1. Cash donations without donor restrictions of $25,700 were received. A local philanthropist also contributed $3,700, which was to be used for the purchase of Thanksgiving dinner foodstuffs. 2. A local grocery store provided fresh produce with a fair value of $800. The produce was immediately used. 3. Volunteers from the local university contributed 135 hours to preparation and serving of meals. The estimated fair value of their labor was $1,450. 4. The Kitchen received a $5,700 federal grant for the purchase of institutional kitchen appliances. 5. At Thanksgiving time, the Kitchen spent $4,800 on foodstuffs for preparation of the Thanksgiving dinner. Required Prepare journal entries to record these transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list A Cash donations without donor restrictions of $25,700 were received. A local philanthropist also contributed $3,700, which was to be used for the purchase of Thanksgiving dinner foodstuffs. B A local grocery store provided fresh produce with a fair value of $800. The produce was immediately used. C Volunteers from the local university contributed 135 hours to preparation and serving of meals. The estimated fair value of their labor was $1,450. D The Kitchen received a $5,700 federal grant for the purchase of institutional kitchen appliances. E Record the expenses paid for preparation of the Thanksgiving dinner. F Record the release of net assets from the with donor restrictions account to the without donor restrictions account. A B C D E F Cash donations without donor restrictions of $25,700 were received. A local philanthropist also contributed $3,700, which was to be used for the purchase of Thanksgiving dinner foodstuffs. Note: Enter debits before credits. General Journal Debit Credit Transaction 01 Record entry Clear entry View general journal
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