Prepare the journal entry to record the following transaction of Youth Services Inc. (YSI), a private not-for-profit entity that provides counseling, training, and recreation programs for young people.YSI records all transactions so as to identify the two classes of net assets (without donor restrictions & with donor restrictions) required for financial reporting.YSI initially records all donations with program restrictions as donor-restricted until used for the intended purpose.

Ellen Falk, a local attorney, donates 10 hours of her time to YSI drawing up legal contracts.Ms. Falk also donates 20 hours preparing lunch for the youths.She normally charges $200 an hour for her legal services.YSI would have hired an attorney if Ms. Falk had not volunteered her time.