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Karen White helped organize a charity fund to help cover the medical expenses of her friend, Vicky Hill, who was seriously injured in a
Karen White helped organize a charity fund to help cover the medical expenses of her friend, Vicky Hill, who was seriously injured in a bicycle accident. The fund was named the Vicky Hill Recovery Fund (VHRF). Karen contributed $500 of her own money to the fund. The $500 was paid to WKUX, a local radio station that designed and played an advertising campaign to educate the public about Vicky's predicament. The campaign resulted in the collection of $17,000 cash, and VHRF paid $13,100 to Mercy Hospital to cover Vicky's outstanding hospital cost. The remaining $3,900 was donated to the National Cyclist Fund. Required Identify the entities mentioned in the scenario and explain what happened to the cash accounts of each entity you identify. Entities Mentioned Vicky Hill Recovery Fund Effect On Cash for cash contributions, $17,500 for payment of advertising, $500 payment for hospital bills, $13,100 for donation to National Cyclist Fund, $3,000 Karen White WKUX Public Mercy Hospital National Cyclist Fund by contribution, $500 for advertising revenue, $500 for contributions, $17,000 for medical care, $13,100 for donation, $3,900
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