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Week 8 - Chapter 19 Problem Set A Soved Help Save & Exit Submit Check my work 3 The following are the 20x2 transactions of the Midwest Heart Association, which has the following funds and fund balances on January 1, 20X2: Net assets without donor restrictions Net assets with donor restrictions $286, see 385, eee 5 points eBook 1. Had Unrestricted pledges totaling $721,000, of which $165,000 is for 20x3 and uncollectible pledges estimated at 8 percent. 2. Had restricted use grants totaling $170.000. 3. Collected a total of $522,000 of current pledges and wrote off $34.000 of remaining uncollected current pledges. 4. Purchased office equipment for $13.000. 5. Used unrestricted funds to pay the $3.900 mortgage payment due on the buildings. 6. Received interest and dividends of $28.400 on unrestricted investments and $5.500 on temporarily restricted investments. An endowment investment with a recorded value of $5.800 was sold for $6.900, resulting in a realized transaction gain of $1,100. A donor-imposed restriction specified that gains on sales of endowment investments must be maintained in the permanently restricted endowment fund. 7. Recorded and allocated depreciation as follows: Print eference References Community services Public health education Research Fund-raising General and administrative $12,5ee 7,482 10,200 15,700 9,600 8. Had other operating costs of the current fund Net assets with donor restrictions: Community services Public health education Research Fund-raising General and administrative $250, See 108, ee 89,00 47,00 64,80 item 8. It 9. Received clerical services totaling $2.300 donated during the fund drive. These are not part of the expenses reported has been determined that these donated services should be recorded. Activate Windows 3 9. Received clerical services totaling $2,300 donated during the fund drive. These are not part of the expenses reported in item 8. It has been determined that these donated services should be recorded. 5 points Required: a. Prepare journal entries for the transactions in 20X2. (If no entry is required for a transaction/event, select "No journal entry required" In the first account field.) View transaction list eBook Print Journal entry worksheet