NP Inc. is an NFPO that was formed at the beginning of 20X7 when its founder made a substantial contribution under the c

[answerhappygod]

NP Inc. is an NFPO that was formed at the beginning of 20X7 when
its founder made a substantial contribution under the condition
that only the interest earned from the money that she donated could
be spent on operations. The remainder of the necessary funds were
to come from government grants and donations from the general
public. A board of directors was appointed and immediately launched
two fundraising campaigns: one for daily operations, and the other
to raise funds to acquire a small building. The directors propose
to report externally using the deferred contribution method and to
set up an accounting system on that basis.
The following summarizes some of the transactions that were made
in 20X7:
Required:
Prepare the journal entries necessary to reflect the 20X7 events
described above, using the deferral method of accounting for
contributions.