Prepare journal entries based upon the following transactions for Scholarships for Hoosiers Not for profit organization. Upon completion show how to prepare a trial balance

a. The Scholarship for Hoosiers organization hosted its annual fundraiser and received $500k in contributions.Historically, they've collected 85% of what is promised

b.The Scholarship for Hoosiers organization received investments valued at $200k

c. An anonymous donor gave cash gifts of $300k indicating that the gift should be used for recipients from Tippecanoe county.

d.Scholarships for Hoosiers paid their employee salaries for the month in the amount of $18,000

e. A local CPA volunteered his time to audit the financial statements for the NFP.It took him 20 hours and his normal hourly fee is $ 100/hour.

f. Scholarships for Hoosiers awarded scholarships of $10,000 to Tippecanoe county residents and scholoarships of $60,000 to residents from other counties in Indiana