(Answered) An nfpo had the following transactions and events prepare

Accounting

An NFPO had the following transactions and events. Prepare journal entries to record these transactions and events, based on the assumption that the NFPO uses a single account to record all unrealized and realized investment gains and losses. Then, prepare journal entries for events 2 and 3, based on the assumption that the NFPO separates unrealized from realized investment gains and losses.
1. On July 15, 2012, an NFPO received a donation of Google stock that had a fair value of $ 75,000 at the time of the donation. The donor told the NFPO that the stock could be sold and used only to finance a particular research project.
2. On December 31, 2012, when the NFPO closed its books, the stock had a fair value of $ 76,500.
3. On February 15, 2013, the NFPO sold the stock for $ 76,000.
4. On March 15, 2013, the NFPO spent the entire $ 76,000 on the research project for which the donor made the gift.

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