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The entity received $1,500 in cash contributions. Of that amount, $1,000 is to be used for medical research. The entity received unconditional pledges of $700,000

The entity received

$1,500

in cash contributions. Of that amount,

$1,000

is to be used for medical research.\ The entity received unconditional pledges of

$700,000

for its endowment fund. All pledges will be collected next year.\ The entity received donated services of

$1,200

from medical researchers who helped with the entity's on-going drug development research. It also received

$300

in donated services from students, who helped clean the research facilities.\ The entity paid medical research operating expenses of

$5,000

that were related to restricted net assets it had received in prior years.

image text in transcribed
1. The entity received $1,500 in cash contributions. Of that amount, $1,000 is to be used for medical research. 2. The entity received unconditional pledges of $700,000 for its endowment fund. All pledges will be collected next year. 3. The entity received donated services of $1,200 from medical researchers who helped with the entity's on-going drug development research. It also received $300 in donated services from students, who helped clean the research facilities. 4. The entity paid medical research operating expenses of $5,000 that were related to restricted net assets it had received in prior years

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