Record the journal entry that would be made by a nongovernmental, not-for-profit organization involved in medical research. a. The entity received $1,500 in cash contributions. Of that amount, $1,000 is to be used for medical resear.
b. The entity received pledges of $700,000 for its endowment fund. All pledges will be collected next year.
c. 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.
d. The entity paid medical research operating expenses of $5,000 that were related to restricted net assets it had received in prior years.

S/n   Journal Entry                                            Debit         Credit

1       Cash                                                          $1,500

             Contributions-Unrestricted                                   $500

             Contributions-Temporarily Restricted                  $1,000

2     Pledges Receivable                                  $700,000

              Contributions-Permanently Restricted               $700,000

3     Medical Research Program Expenses     $1,200

              Contributions-Unrestricted                                  $1,200

4     Medical Research Program Expenses     $5,000

              Cash                                                                      $5,000

       Net Assets Release - Satisfaction of       $5,000

       Program Restrictions - Temporarily

       Restricted

               Net Assets Released- Satisfaction of                 $5,000

               Program Restrictions-Unrestricted

answer; drop shippers;

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