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

#mean, when is mode illdefined

when is mode illdefined

Information systems development, report on comparing information system in ...

report on comparing information system in organisations

Sampling Error, Use the concepts of sampling error and z scores to explain ...

Use the concepts of sampling error and z scores to explain the concept of distribution of sample means.

Variance analysis, Variance analysis In spending budget (or control sales ...

Variance analysis In spending budget (or control sales in general), a change is the change between an allocated, thought out or conventional quantity and the actual quantity incur

Cash accounting, Accounting system is one prevalent among agencies in volun...

Accounting system is one prevalent among agencies in voluntary sector. Transactions are registered in journals only when cash is in fact paid out or taken in. The primary virtue of

Good measure of central tendency, What are the characteristics of a good me...

What are the characteristics of a good measure of central tendency

Nuclear spin, Nuclear spin All nucleons (protons or neutrons) are spin par...

Nuclear spin All nucleons (protons or neutrons) are spin particles. They have spin odd half multiple of h = (h/2p) they follow Fermi disc statistics or Pauli’s exclusion principle

Write Your Message!

Captcha
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!

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