Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. prepare the journal for the following transactions

Prepare the journal for the following transactions March 1 Donation of $900 cash, with...

60.1K

Verified Solution

Question

Accounting

Prepare the journal for the following transactions

March 1 Donation of $900 cash, with no restriction. 2 James Dean donates $10,000 with the requirement that it be used to purchase x-ray equipment for the patients. 3 Paid with check #100 the March office rent of $500. 4 The electricity bill has not arrived. It is estimated that the amount of usage is $425. Record the accrual entry. 5 Received $400,000 as a gift donation. 6 A grant of $1,000 was received with the condition that it be used to attend homeless People. 7 Property was purchased for $100,000. A down payment of $50,000 was made from Unrestricted cash and the remainder with a 12% mortgage. 8 Received $200,000 from fund raising campaigns. 9 Paid the total of $6,000 for vouchers payable due. 10 Depreciation for the equipment purchased was $2,000.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

answer off the internet 1 What part of the liberal demands do you think were...

Biology
Q

Which of the following sentences is punctuated correctly?A. Matt I noticed, thatthis textbook of yours...

Biology
Q

Consider the bottom of the cubic tank of edge x as reference level determine the...

Physics
Q

8 The two way table shows the classification of studenin a mathematics class by gender...

Geometry
Q

A location in Ireland is a place of great archaeological importance This region has been...

Basic Math
Q

Is the following statement true Explain why or why not Provide an example to support...

Basic Math
Q

2x 3y 11 x 3y 1 What is the solution x y to the given...

Basic Math
Q

Use a calculator to evaluate the trigonometric function Round your answer to four decimal places...

Calculus
Q

Exercise 22-4 (Part Level Submission) Kaspar Corporation makes a commercial-grade cooking griddle. The following information...

Accounting
Q

David Dogg is the sole stockholder in Dogg, the Beauty Hunter, Inc., a modeling agency....

Accounting
Q

Please list a Direct Material, Direct labor, Manufacturing Overhead, and a Period and Product cost...

Accounting
Q

Market Top Investors, Inc., is considering the purchase of a $355,000 computer with an economic...

Finance