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  3. 1.prepare the journal entry for the following tran

1.Prepare the journal entry for the following transaction: As a general rule, the organization estimates...

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Accounting

1.Prepare the journal entry for the following transaction: As a general rule, the organization estimates 10% of all pledges will not be received. A donor made an unconditional pledge to the organization for $500,000 to be used for research in the current period. The organization starts research immediately and spends $25,000 in the first month.

DR________________________________________________________________ $_________

CR________________________________________________________________ $_________

CR________________________________________________________________ $_________

DR________________________________________________________________ $_________

CR________________________________________________________________ $_________

DR________________________________________________________________ $_________

CR________________________________________________________________ $_________

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