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Following are four independent transactions or events that relate to a voluntary health and welfare organization:
1. Cash disbursement of $45,000 was made from the general fund's unrestricted assets for the purchase of new equipment for the organization.
2. The organization receives an unrestricted cash gift of $80,000 from a donor.
3. Common stock investments with a total carrying value of $100,000 were sold by a permanently restricted endowment fund for $112,000 before any dividends were earned on these stocks. The gain is donor-restricted to remain in the permanently restricted fund.
4. General obligation bonds payable with a face amount of $750,000 were sold at par, with the proceeds required to be used solely for construction of a new building. This building was completed at a total cost of $750,000, and the total amount of bond issue proceeds was disbursed toward this cost. Disregard interest capitalization.
Required:
For each of these transactions or events, prepare journal entries specifying the affected funds and showing how these transactions or events should be recorded by the organization.
Interpreted
Relating to programming languages, it describes a method where instructions are executed directly rather than being previously compiled into machine-language instructions.
Sensory Stimulus
Any external or internal event or factor that triggers a sensory response, leading to a reaction in the body or a specific behavior.
Taste Receptor
Chemoreceptor involved in the sense of taste.
Detects
To discover or identify the presence or existence of something.
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