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ew Zoom Insert Table Chart Text Shape Media Comment Share 26. (8 points) For each of the following unrelated transactions, record the journal entry that

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ew Zoom Insert Table Chart Text Shape Media Comment Share 26. (8 points) For each of the following unrelated transactions, record the journal entry that would be made by a nongovernmental, not-for-profit organization involved in medical research. (a) The organization received $15,000 in cash contributions. Of that amount, $10,000 is to be used for medical research. (b) The organization received pledges of $70,000 for its endowment fund. All pledges will be collected next year. (c) The organization paid medical research operating expenses of $5,000 that were related to contributions it had received in prior years for this purpose. SELECT (d) The organization sponsored a pot-luck supper to raise funds for medical research. Direct costs of the event were $700 and the event raised cash contributions of $2,400

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