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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 $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 as to the need for help. The campaign resulted in the collection of $17,000 cash. VHRF paid $13,100 to Mercy Hospital to cover Vicky's outstanding hospital cost. The remaining $3,900 was contributed to the National Cyclist Fund. Required Identify the entities that were mentioned in the scenario and explain what happened to the cash accounts of each entity that you identify Entities Mentioned Effect On Cash Vicky Hill Recovery Fund for cash contributions, $17,500 for payment of advertising, $500 payment for hospital bills, $13,100 for donation to National Cyclist Fund, $3,900 Karen White by contribution, $500 WKUX for advertising revenue, $500 Public for contributions, $17,000 Mercy Hospital for medical care, $13,100 for donation, $3,900 National Cyclist Fund
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