User Account

All Pages

Prepare the journal entries, Basic Statistics

Assignment Help:
1. Unrestricted cash contributions received during the year, $300,000.
2. Restricted cash contributions were received during the year for the following:
Education programs, $43,000
Building fund, $202,000
Endowment, $1,000,000
3. Pledges receivable at year end, all from pledges received during the year, were as follows:
Unrestricted, $3,000,000
Building fund, $5,000,000
Endowment, $20,000,000
10% of pledges receivable typically prove uncollectible.
4. A benefit concert was held to raise resources for the building fund. Receipts totaled $1,400,000 and direct costs incurred totaled $850,000.
5. Salary expenses incurred for the education programs were paid, $14,000.
6. Materials purchased and used for the education programs total $25,000.
7. Fees paid to an architect for design of the building during the year were $92,000.
8. Payments to the building contractor during the year were $110,000.
9. Earnings on endowment fund investments are restricted to the entity''s education programs. The earnings for the year were $13,000
10. Earnings on building fund investments were not restricted by donors but the board requires that they be used to finance the building. The earning on those investment for the year were $25,000

Related Discussions:- Prepare the journal entries

Revenues , why are revenues an important number in financial statements?

why are revenues an important number in financial statements?

Probability tree., Modern hotels and certain establishments make use of an ...

Modern hotels and certain establishments make use of an electronic door lock system. To open a door an electronic card is inserted into a slot. A green light indicates that the doo

Need help, PART 1 Shown below are the sales revenue and advertising cost da...

PART 1 Shown below are the sales revenue and advertising cost data for seven companies published by International Advertising Age. COMPANY ADVERTISING ($ MILLIONS) SALES ($ BILLION

How to define assets?, how to define assets?

how to define assets?

How to solve balance sheet problem, how to solve balance sheet problem

how to solve balance sheet problem

Incomplete accounts, HOW TO PREPARE INCOMPLETE ACCOUNTS CORRECTLY?

HOW TO PREPARE INCOMPLETE ACCOUNTS CORRECTLY?

Probability, If there are 12 numbered balls in a basket (0-11), and you get...

If there are 12 numbered balls in a basket (0-11), and you get 6 chances to pick a ball what are the odds to get two of the same number, 3 of the same number, 4, 5 and 6. I would

Quota sampling, uses in marketing

uses in marketing

Home Assignments, A survey was conducted among the residents of Pune City, ...

A survey was conducted among the residents of Pune City, its suburbs and the Pune Cantonment area. The following three pie diagrams show their respective preferences for living in

International financial reporting standards-ifrs, IFRS: IFRS (Internationa...

IFRS: IFRS (International Financial Reporting Standards) is a set of accounting standards that were developed as global standard. The IFRS was developed by IASB (International Acc

Write Your Message!

Captcha
Order Assignment

Featured Services

Order Now

Popular Subjects

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd