The following are the 20X2 transactions of the Midwest Heart Association, which has the following funds and fund balances on January 1, 20X2:

Unrestricted net assets	$	285,000
Temporarily restricted net assets		81,000
Permanently restricted (endowment) net assets		220,000

1.	Had Unrestricted pledges totaling $674,000, of which $205,000 is for 20X3 and uncollectible pledges estimated at 8 percent.
2.	Had restricted use grants totaling $240,000.
3.	Collected a total of $538,000 of current pledges and wrote off $36,000 of remaining uncollected current pledges.
4.	Purchased office equipment for $10,000.
5.	Used unrestricted funds to pay the $3,100 mortgage payment due on the buildings.
6.	Received interest and dividends of $27,800 on unrestricted investments and $5,500 on temporarily restricted investments. An endowment investment with a recorded value of $5,600 was sold for $7,300, resulting in a realized transaction gain of $1,700. A donor-imposed restriction specified that gains on sales of endowment investments must be maintained in the permanently restricted endowment fund.
7.	Recorded and allocated depreciation as follows:

Community services	$	12,900
Public health education		7,100
Research		10,000
Fund-raising		16,000
General and administrative		9,000

8.	Had other operating costs of the unrestricted current fund:

Community services	$	250,300
Public health education		103,000
Research		82,000
Fund-raising		42,000
General and administrative		64,000

9.	Received clerical services totaling $2,800 donated during the fund drive. These are not part of the expenses reported in item 8. It has been determined that these donated services should be recorded.

Required:

a.	Prepare journal entries for the transactions in 20X2. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

Answer is not complete Transaction General Journal 01 Pledges receivable Allowance for uncollectible pledges unrestricted Contributions unrestricted Contributions -temporarily restricted 02 Grants receivable Contributions -temporarily restricted (a)03 Cash unrestricted Pledges receivable (b)03 Allowance for uncollectible pledges unrestricted Pledges receivable Contributions unrestricted 04 Land, buildings and equipment Cash unrestricted 05 Mortgage payable Cash unrestricted Debit Credit 674,000 469,000X 390,080X 230,000X 240,000 240,000 538,000 538,000 205,000X 36,000 283,920X 10,000 0,000 v 3,100 3,100