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Prepare journal entries to record the following transactions for a nongovernment ONPO.1. Unrestricted cash gifts that were received last year but restricted for use in the current year totaled $50,000.2. Unrestricted pledges of $600,000 were received. Donors specified that $450,000 of this amount was intended to finance current year operations (even though part of those donations may not be collected until early next year). Ten percent (10%) of pledges typically prove uncollectible.3. Pledges receivable of $480,000 were collected during the year; $7,000 of pledges were written off as uncollectible.4. Donations of materials totaled $22,000; $5,000 of the materials were on hand at year end.5. Membership dues of $400,000 were collected during the year. Members receive only nominal or no benefits in exchange for their dues.6. Cash gifts to finance specific community outreach projects were received, $30,000.7. Expenses were incurred for those specific community outreach projects salaries, $3,000; equipment rental, $15,000. Management decided to pay these costs from unrestricted (rather than restricted) resources.8. Cash gifts restricted to finance construction of a recreation center were received, $500,000. An additional amount was pledged and is expected to be collected in full in the next fiscal year, $2,200,000. No construction costs had been incurred by year end.
in 2010 the whaddock company purchased 754000 units from its supplier at a cost of 144.50 per unit. whaddock sold
maud a calendar year taxpayer is the owner of a sole proprietorship that uses the cash method. on february 1 2013 she
Journalize the following merchandising transactions for Chilton Systems assuming it uses a perpetual inventory system.
An outside supplier has offered to produce the machines for Thomas for $700 a unit. What is the incremental effect on profit for this make or buy decision?
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Given this information, what was (a) the variable overhead spending variance for the year, and (b) the variable overhead efficiency variance for the year?
Bolten Corp borrowed 130,000 pejos using a note payable.
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in quickbooks if you set up a new company file using the express start method which journal entries would you normally
chipata corporation applies manufacturing overhead to jobs on the basis of machine-hours. chipata estimated 25000
sumber jaya imports and sells fasteners bolts and nuts to its customer in all over indonesia. it is a privately owned
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