Question

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 Vicky Hill Recovery Fund (VHRF). Karen contributed $1,200 of her own money to the fund. The $1,200 was paid to WKUX, 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 $27,000 cash. VHRF paid $20,800 to Mercy Hospital to cover Vicky's outstanding hospital cost. The remaining $6,200 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 Entities Mentioned Vicky Hill Recovery Fund Effect On Cash for cash contributions, $28,200 for payment of advertising, $1,200 payment for hospital bil, $20000 for donation to National Cyclist Fund, 56,200 by contribution, $1,200 for advertising revenue, $1,200 for contributions, $27,000 for medical care, $20,800 for donation, $6,200 Karen White WKUX Public Mercy Hospital National Cyclist Fund

Answer 1

Vicky Hill Recovery Fund	Increased by $28,200
	Decreased by $1,200
	Decreased by $20,800
	Decreased by $6,200
Karen White	Decreased by $1,200
WKUX	Increased by $1,200
Public	Decreased by $27,000
Mercy Hospital	Increased by $20,800
National Cyclist Fund	Increased by $6,200