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Karen White helped organize a charity fund to help cover the medical expenses of a friend of hers who was seriously injured in a bicycle
Karen White helped organize a charity fund to help cover the medical expenses of a friend of hers who was seriously injured in a bicycle accident. The fund was named Vicky Hill Recovery Fund VHRF Karen contributed $ of her own money to the fund. The $ was paid to WKUX, a local radio station that designed and played an advertising campaign to educate the public as to the need for help. The campaign resulted in the collection of $ cash. VHRF paid $ to Mercy Hospital to cover Vicky's outstanding hospital cost. The remaining $ was contributed to the National Cyclist Fund.
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Identify the entities that were mentioned in the scenario and explain what happened to the cash accounts of each entity that you identify.
tableEntities Mentioned,Effect On CashVicky Hill Recovery Fufor cash contributions, $for payment of advertising, $payment for hospital bills, $for donation to National Cyclist Fund, $Karen White,,by contribution, $
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