Good Health, an NFPO, conducts two types of programs: education and research. It does not use fund accounting. During 2013, the following transactions and events took place. Prepare journal entries for these transactions.

1. Pledges amounting to $100,00 were received, to be used for any purpose designated by the trustees. Good Health normally collects 80 percent of the amount pledged.

2. Good Health collected $75,000 in cash on the amount pledged in the previous transaction. It wrote off the balance as uncollectible.

3. Ed Victor donated $5000, stipulating that it could be used for any purpose but only during 2014.

4. Howard Gore donated $875,000, stipulating that the donation must be used solely to purchase a building that Good Health coud use for research.

5. Good Health invested $20,000 of unrestricted resources in equity securities. Earnings on these resources amounted to $1000 in 2013.

6. Late in the year, Good Health used Howard Gore's donation (see transaction 4) and unrestricted resources of $140,000 to purchase a buildihng for research purposes.

7. The following services were donated to Good Health:

a. Audit of the financial statements by an accounting firm --$5,000

b. Professional services by an advertising agency in connection with a fund-raising campaign--$3000

c. Ushering services at education meetings, provided by high school students. If paid for these services would cost $1000.

8. At year-end, the investments referred to in transaction 5 had a fair value of $22,000.

9. Good Health conducted a fund-raising campaign; the donations were to be used solely for research ino the causes of a particular disease. Donations totaled $45,000 in cash.

10. Good Health paid $35,000 for expenses on the research project in the previous transaction.