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Carlton (Private) University Received the Following Pledges During 20X5

question 49

Essay

Carlton (private) University received the following pledges during 20X5:
a.Jane Baker pledges $30,000 to be used for student scholarships.
b.As a result of a pledge drive, $400,000 is pledged to be paid by the end of the accounting year. Ten percent of pledges in the past have been shown to be uncollectible. These pledges are unrestricted.Required:Make the journal entries necessary to record the pledges.

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Definitions:

Olmstead v. L.C.

A landmark United States Supreme Court decision that found unjustified segregation of persons with disabilities constitutes discrimination in violation of title II of the Americans with Disabilities Act.

Mental Health Patients

Individuals who receive treatment for various mental illnesses, disorders, and conditions.

Least Restrictive Facility

A principle advocating for the minimal use of constraints when selecting an environment for treatment, favoring the least confining settings.

Right

A directional term indicating a position on the opposite side of left, or a principle aligning with justice, law, or morality.

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