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Sheffield Library, a nonprofit organization, presented the following statement of financial position and statement of...

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Accounting

Sheffield Library, a nonprofit organization, presented the following statement of financial position and statement of activities for its fiscal year ended February 28, 2024. The following transactions occurred during the fiscal year ended February 28, 2025. 1. Fees were billed as follows: Service fees $28,880 Book rentals 39,420 Book fines 70,750

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