"Prepare the journal entries for the below transactions"

The following selected transactions occurred for a nongovernmental, not-for-prot organization. 1. Received a contribution of stock to establish an endowment fund. The income from the endowment is unrestricted. The donor had acquired the stock for 523 about 20 years earlier. Its estimated fair value when donated was $250. 2. Pledges receivable at year end were $100, all from pledges received during the year. The pledges are unrestricted and 5% of the pledges are estimated to be uncollectible. The pledges expect to he collected early next year. For questions 3-5, assume that the organization has adopted a policy that restrictions on donations made for capital purposes are met when the capital item is purchased. 3. A cash gift of $200 was reoeiued restricted for the purchase of equipment. 4. Equipment of $80 was purchased from the gift restricted for this purpose. 5. Depreciation expense for the year on the equipment purchased is $10