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Prepare the Journal Entry Assume the organizations are Voluntary health and Welfare organizations or other Not-for profits (not health-care organizations, colleges and universities. Pledges receivable

Prepare the Journal Entry

Assume the organizations are Voluntary health and Welfare organizations or other Not-for profits (not health-care organizations, colleges and universities.

Pledges receivable of $205,000 were collected in 2014 and pledges of $18,000 were written off as uncollectable.

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