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Karen White helped organize a charity fund to help cover the medical expenses of her...

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Karen White helped organize a charity fund to help cover the medical expenses of her friend Vicky Hill 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 WKUX a local radio station that designed and played an advertising campaign to educate the public about Vicky s predicament The campaign resulted in the collection of 11 000 cash and VHRF paid 8 700 to Mercy Hospital to cover Vicky s outstanding hospital cost The remaining 2 300 was donated to the National Cyclist Fund Required Identify the entities mentioned in the scenario and explain what happened to the cash accounts of each entity you identify Entities Mentioned Vicky Hill Recovery Fund Karen White WKUX Public Mercy Hospital National Cyclist Fund Effect On Cash for cash contributions 12 000 for payment of advertising 1 000 payment for hospital bills 8 700 for donation to National Cyclist Fund 2 300 by contribution 1 000 for advertising revenue 1 000 for contributions 11 000 for medical care 8 700 for donation 2 300

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