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1. Explain how fund accounting principles for nonprofit organizations affect routine revenue type journal entries.
2. Do you think that nonprofits should continue to abide by the wishes of contributors who donated on the basis of a specific use of their donation, or, during tough economic times, should they ask these contributors to relax any restrictions they placed on the use of these funds?
On February 1, 2011, Charo Mendez purchased 6% bonds issued by CR Utilities at a cost of $30,000, which is their par value. The bonds pay interest semiannually on July 31 and January 31. For 2011, prepare entries to record Mendez's July 31 receipt..
imagine you have passed your cpa exam and are now employed by a fortuneacircreg 500 company. your boss tells you that
during march the production department of a process manufacturing system completed a number of units of a product and
A company makes a credit sale of $750 on June 13, terms 2/10, n/30, on which it grants a return of $50 on June 16. What amount is received as payment in full on June 23? (a) $700. (b) $686. (c) $685. (d) $650.
the post division of the m.t. woodhead company produces basic posts which can be sold to outside customers or sold to
myron is a barber who does his own accounting for his shop. when he buys supplies he routinely debits supplies expense.
During the period, bad debts are written off in the amount of $22,000.
Jurnalize the entires for july 12 and November 18, assuming that the common stock is to be continued with the stated value and what is the total amount invested ( total paid-in capital) by all stock holders as of November 18
you will need 15000 in 7 years when you want to take a world cruise. if you can earn 6 annually how much do you need to
at dec. 312010 had 7000 shares of cs issued and oustanding. april 12011 an additional 1000 shares of cs were issued and
purchased land and a small office building for a total price of 90000 of which 35000 was the value of the land and
you are the manager of a retail electronic store. recentlyyou purchased 200 what -a-sound portable cd players from
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