Prepare journal entries for the above transactions. During 2009, a voluntary health and welfare organization received unrestricted pledges of $120,000, 40% were payable in 2009 with the remainder payable in 2010 (for use in 2011). Officials estimate that 10% of these pledges will be uncollectible. In addition, a local medical technician earning $10 per hour working for a hospital, contributed 320 hours of time to the charitable organization. If not for these donated services, an additional staff person would have been hired by the organization. 2. Required: A. B. How much should the organization report as net public support for 20092 How should the organization record the contributed services