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The Botanical Garden had the following transactions occur during its fiscal year.Record these events in journal entries

a. Pledges of $100,000 were made for the new perennial garden.

b. Unrestricted donations of $900,000 were received in cash.

c. Expenses of $10,000 were incurred to purchase plants for the new perennial garden

d. A special butterfly exhibit was held to generate additional donations for general operations.$100,000 in admission fees was received and attendees received a special butterfly pin that cost the garden $750.

e. Employees were paid $400,000 during the year.

f. Volunteers donated 10,000 hrs of service valued at &8/hour. However the garden would not have hired employees to do this work.

g. A violent storm broke several windows and local firms donated repairs and materials valued at $8000.

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  • Category:- Accounting Basics
  • Reference No.:- M9964981

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