Question

please help and explain and fill. thank you and thumbs up.

assignment based on the facts contained in the textbook. EL 3 Karen White helped organize a charity fund to help cover the medical expenses of a friend of hers who was seriously injured in a bicycle accident. The fund was named the Vicky Hill Recovery Fund (VHRF), Karen contributed $1,000 of her own money to the fund. The $1.000 was paid to WKUK, a local radio station that designed and played an advertising campaign to educate the public as to the need for help. The campaign resulted in the collection of $20.000 cash. VHRF paid $12,000 to Mercy Hospital to cover Vicky's outstanding hospital cost. The remaining $8.000 was contributed to the National Cyclist Fund. Required: Identify the entities that were mentioned in the scenario and explain what happened to the cash accounts of each entity that you identify. Event Karen White Vicky Hall VHRF WKUX Members of the Public Mercy Hospital National Cyclist Fund Contributions to VHRF Purchase of radio ad Payment of hospital bills Contribution to National Cyclist Fund

Answer 1

Members of the public Mercy Hospital National Cyclist Fund Vicky Hill WKUX Event Karen White Cr. Cash by $1,000 Karen paid cash Contribution to VHRF $1,00 to the fund that reduced her cash balance by $1,000 VHRF Dr. Cash by $1,000 The fund received $1,000 adding to its cash balance Purchase of Radio Ad Cr. Cash by Dr. Cash by $1,000 $1,000 The fund paid for ad The radio station resulting in received $1,000 decrease of cash cash for spreading balance by $1,000 awareness Dr. Cash by $20,000 The fund received $20,000 from the canpaign Collection of funds Cr. Cash by $20,000 The members of public came forward and paid $20,000 cash Dr. Cash by $12,000 Hospital received cash $12,000 Payment of Hospital Bills Cr. Cash by $12,000 $12,000 was paid to Mercy Hospital for Vicky's bill and reduced cash balance by $12,000 Cr. Cash by $8,000 The balance of the fund was donated to NCF amounting to $8,000 Contribution to National Cyclist Fund Dr. Cash by $8,000 NCF received $8,000 as donations