Solved: Assistance on how to make the journal entries for this govt, Accounting Basics

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Assistance on how to make the journal entries for this govt

Assistance on how to make the journal entries for this Gov't Accounting and Not for Profit class.
"The Cardiac Research Foundation (an unrelated organization) receives a gift of $1 million. The funds must be transferred to the hospital and must be used for cardiac research."

How do you make the journal entries for this statement?

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Accounting Basics: Assistance on how to make the journal entries for this govt

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Accounting Basics: Assistance on how to make the journal entries for this govt

Reference No:- TGS0808531

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