5. A check for $10,000 and a pledge for $4,500 are received from the local medical society to cover part of the cost of research on drug effects, one of the university’s educational programs. The...

5. A check for $10,000 and a pledge for $4,500 are received from the local medical society to cover part of the cost of research on drug effects, one of the university’s educational programs. The educational programs will be conducted and paid for in the next fiscal period.

6. The endowment fund received a check for $12,000 of interest on investments. The premium amortization on the investment is $240. The unrestricted current fund is the recipient of the income.