Record journal enries for the depreciation expenses for the year:

(5. Office equipment was purchased for $13,800. The useful life of the equipment is estimated to be 5 years. office furniture with a fair market value of $11,400 was donated by a local office supply company. the furniture has an estimated useful life of 10years. furniture and equipment are considered assets without donor restrictions by INVOLVE.)

8. It is estimated that 90 percent of the pledges made for the 2024 year will be collected. Depreciation expense is recorded for the full year on the assets recorded in Item 5.

6. Telephone expense for the year was $7,000, printing and postage expense was $13,800 for the year, utitites for the year were $10,100 and suppiles expense was $6,100 for the year. At year-end, an immaterial amount of supplies remained on hand and the balance in accounts payable was $5,400 7 Volunteers contributed $16,800 of time to help with answering the phones, mating materials, and varlous other clerical activities 8. It is estimated that 90 percent of the pledges made for the 2024 year wil be collected. Depreciation expense is: recorded for the full year on the assets recorded in item 5 9. All expenses were allocated to program services and support services in the following percentages public heaith education, 35 percent, community service, 30 percent, management and general, 20 percent, and fund-raising. 15 percent 10. Net assets were released to reflect satisfaction of state grant requirements that the grant resources be used for pubic health education program purposes. 11. All nominal accounts were closed to the appropriate net asset accounts Required a. Prepare journal entries to record these transactions. Expense transactions should be inttally recorded by object classification, in entry 9 , expenses will be allocated to functions. (If no entry is required for a transaction/event, select "No Journal Entry Required" In the first occount fleid. Round the Intermediate ond finol answers to the nearest dollar amount.) 6. Telephone expense for the year was $7,000, printing and postage expense was $13,800 for the year, utitites for the year were $10,100 and suppiles expense was $6,100 for the year. At year-end, an immaterial amount of supplies remained on hand and the balance in accounts payable was $5,400 7 Volunteers contributed $16,800 of time to help with answering the phones, mating materials, and varlous other clerical activities 8. It is estimated that 90 percent of the pledges made for the 2024 year wil be collected. Depreciation expense is: recorded for the full year on the assets recorded in item 5 9. All expenses were allocated to program services and support services in the following percentages public heaith education, 35 percent, community service, 30 percent, management and general, 20 percent, and fund-raising. 15 percent 10. Net assets were released to reflect satisfaction of state grant requirements that the grant resources be used for pubic health education program purposes. 11. All nominal accounts were closed to the appropriate net asset accounts Required a. Prepare journal entries to record these transactions. Expense transactions should be inttally recorded by object classification, in entry 9 , expenses will be allocated to functions. (If no entry is required for a transaction/event, select "No Journal Entry Required" In the first occount fleid. Round the Intermediate ond finol answers to the nearest dollar amount.)