VHWO, journal entries. Record the following events of Mental Health Clinic, a VHWO: 1. A contribution of $20,000 was received and is to be used for the purchase of equipment, but not until an addition...

VHWO, journal entries. Record the following events of Mental Health Clinic, a VHWO:

1. A contribution of $20,000 was received and is to be used for the purchase of equipment, but not until an addition to the building is constructed. Construction has begun on the building.

2. Equipment costing $17,000, with a book value of $8,000, was sold for $10,000. The gain is unrestricted.