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

Problem Set, I have an assignment requiring SPSS analysis and ANOVA. Can y...

I have an assignment requiring SPSS analysis and ANOVA. Can you do this assignment due by Aug 13. There are three sets of questions for each lesson totaling 3 assigned chapters.

Homophone disambiguation-unigram-bigram model , The BBC hosts a homophone q...

The BBC hosts a homophone quiz on its website; your task for this lab is to develop an automatic method for completing the quiz, with the aim being to get as high a score as possib

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

Inductive Reasoning to Find Pattern, Use inductive reason to find a pattern...

Use inductive reason to find a pattern for the answers. 9x9=81 99x99=9801 999x999=998001 9999x9999=99980001 99999x99999=?

Project, The trial balance of the Parton Wholesale Company contained the fo...

The trial balance of the Parton Wholesale Company contained the following accounts at December 31, 2010 the end of the company’s calendar year. PARTON WHOLESALE COMPANY Trial Bala

Association of Attributes, In an examination 600 candidates appeared, boys ...

In an examination 600 candidates appeared, boys outnumbered girls by 16% of all candidates. number of passed candidates exceeded the number of failed candidates by 310. Boys failin

Define wages, Define Wages Income is often associated with production wo...

Define Wages Income is often associated with production workers (sometimes referred to as "blue-collar" workers), non-managers, and other workers whose pay is reliant on time wo

Chi-square Test, six subjects were exposed to 4 treatments and the followin...

six subjects were exposed to 4 treatments and the following data were recorded

Linear programming., what are the requirements of linear programming?

what are the requirements of linear programming?

Conduct all steps of the hypothesis test, The owner of Big Fish supermarket...

The owner of Big Fish supermarket was reviewing some data from a research report on the type of advertisements in the local paper that are most effective.  Three types of ads (big

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