Transaction 7: CGWO pays salaries and benefits for the year (assume all amounts are paid in cash). The following table presents the allocation of the costs to the various programs, management and general, and fundraising. Since expenses cannot be recognized from amounts with donor restrictions create a journal entry to release the full amount from restriction before entering the expenses. Programs Physical and Social Development Supplementary Education Community Development and Organization Scholarships Management and General Fundraising Salaries $1,887,455.94 $1,348,182.80 $808,909.69 $539,273.13 $647,127.75 $161,781.94 Payroll taxes 191,720.18 137,071.56 82,242.94 54,828.63 65,974.35 16,448.59 Employee benefits 191,439.50 136,742.50 82,045.50 54,697.00 65,636.40 16,409.10 Total $2,270,795.62 $1,621,996.86 $973,198.13 $648,798.76 $778,558.50 $194,639.63