a not for profit entity provides the following information for the year 2023. Unrestricted pledges received this year, due within 12 months $ 150,000 Contributions to the endowment received                                $25,000 percentage of unrestricted pledge expected to be received.    92% collections of pledge before the end of the year                       $ 90,000 pledge written off at year end                                                    $ 4,000 Required: prepare the journal entries for these transactions for the year 2023?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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a not for profit entity provides the following information for the year 2023.

Unrestricted pledges received this year, due within 12 months $ 150,000

Contributions to the endowment received                                $25,000

percentage of unrestricted pledge expected to be received.    92%

collections of pledge before the end of the year                       $ 90,000

pledge written off at year end                                                    $ 4,000

Required:

prepare the journal entries for these transactions for the year 2023?

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