Requirement $1$: Prepare joumal entries and a trial balance based upon the following transactions for Scholarships for Hoosiers Not for profit organization.

Part A: Prepare in good form the following journal entries. Enter all dollar amounts with values since cell references not provided. Enter debit entries before credit entries.

General Journal

For Year Ending December $31,2021$

Scholarships for Hoosiers paid their employee salaries for the month in the amount of $$48,000$

$\backslash$table$[[$Salary Expense,,$48\mathrm{.}000,],[,$Salary Expense,,$48,000]]$

A local CPA volunteered his time to audit the financial statements for the NFP$.$ It took him $38$ hours and his normal hourly fee is $$250/$hour$.$