Prepare Journal entries

1. Cash donations without donor restrictions of $25,900 were received. A local philanthropist also contributed $3,900, which was to be used for the purchase of Thanksgiving dinner foodstuffs.
2. A local grocery store provided fresh produce with a fair value of $1,000. The produce was immediately used.
3. Volunteers from the local university contributed 145 hours to preparation and serving of meals. The estimated fair value of their labor was $1,650.
4. The Kitchen received a $5,900 federal grant for the purchase of institutional kitchen appliances.
5. Record the expenses paid for preparation of the Thanksgiving dinner.
6. Record the release of net assets from the with donor restrictions account to the without donor restrictions account.

1. Cash donations without donor restrictions of $25,900 were received. A local philanthropist also contributed $3,900, which was to be used for the purchase of Thanksgiving dinner foodstuffs. 2. A local grocery store provided fresh produce with a fair value of $1,000. The produce was immediately used. 3. Volunteers from the local university contributed 145 hours to preparation and serving of meals. The estimated fair value of their labor was $1,650. 4. The Kitchen received a $5,900 federal grant for the purchase of institutional kitchen appliances. 5. At Thanksgiving time, the kitchen spent $5,000 on foodstuffs for preparation of the Thanksgiving dinner. Required Prepare journal entries to record these transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) X Answer is not complete. Answer No General Journal Credit Transaction 0 1 Debit 25,900 A Allowance for Uncollectible PledgesWithout Donor Restrictions $ Accounts Payable 3,900 B 0 2 1,000 A llowance for Depreciation Accounts Payable 1,000 03 Allowance for Uncollectible Pledges-Without Donor Restrictions > 1,650 04 Allowance for Depreciation 5,900 E Accounts Payable 15,800 5(b) Allowance for Uncollectible Pledges Without Donor Restrictions 25,800