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From the following transcations, prepare a general journal transcations and a Preclosing Trial Balance Paste CH X Cut Calibri (Body) 11 ' 29 Wrap Text

From the following transcations, prepare a general journal transcations and a Preclosing Trial Balance image text in transcribed
Paste CH X Cut Calibri (Body) 11 ' 29 Wrap Text General [Copy B 1 a. A Merge & Center Format $ % 9 22 x fx D E F G H Prepare Journal entries based upon the following transactions for Scholarships for Hoosiers Not for profit organization. Upon completion prepare a trial balance a b d The Scholarship for Hoosiers organization hosted its annual fundraiser and received $500k in contributions Historically, they've collected 85% of what is promised The Scholarship for Hoosiers organization received investments valued at $200k An anonymous donor gave cash gifts of $300k Indicating that the gift should be used for recipients from Tippecance county. Scholarships for Hoosiers paid their employee salaries for the month in the amount of $18,000 A local CPA volunteered his time to audit the financial statements for the NFP. It took him 20 hours and his normal hourly fee is $ 100/hour. Scholarships for Hoosiers awarded scholarships of $10,000 to Topecanoe county residents and scholarships of $60,000 to residents from other counties In Indiana. Part A: Prepare in good form the following ournal entries: Part B: Prepare a trial balance GENERAL JOURNAL TRANSACTIONS Preclosing Trial Balar June 30, 2019 Account Name REF Account Name DEBIT CREDIT

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