6:32 PM Mon Feb 14 Take Quiz 2* (I) 41%[Jv Exit 1. The festival issued a monthly salary cheque tot 1e artistic director for $5000 Assets Liabilities Revenues Expense 2. The festival issued a monthly salary cheque tot Assets Liabilities \"1e managing director for $5000. Revenues Expense 3. The festival received an internet bill for $75, bu month, so owes it in Accounts Payable didn't have time to pay it before the end of the Assets 'Liabilities Revenues Expense 14. The festival got a 3eyear donation from a major donor. They cheque was for $15,000, $5,000 for the current year, and $5,000 for each of the next two years. It was deposited into the bank. Assets 'Liabilities Revenues Expense l l 6:31 PM Mon Feb 14 ... 65> (n) 42% [y Take Quiz Exit For the following transactions, please put the dollar value each transaction will affect each type of account in the blanks- kind of like the reading exercise only fewer types of accounts because it is a nonprot. If the value of the account type is increasing, keep the number positive. If the value of the account type is decreasing, make the number negative, if the value does not change, put 0. Do not use dollar signs or pennies, so no decimal point. i.e. A $100 phone bill is paid from the bank accoun Assets Liabilities Revenues Expense 100 '0 O 100 Songs of Spring Music Festival happens every year in May. Its year end is June 30. This is one month of transactions while preparing for an upcoming festival. 1. They festival issued a cheque for the ofce rent of $800 from the bank Assets Liabilities Revenues Expense l ll ll 2. The festival paid $2500 to a graphic design firm for the design of their current season brochure by cheque from the bank. Assets Liabilities Revenues Expense 3. The festival received a $100 donation and deposited in the bank. Assets Liabilities Revenues Expense l l l.l_l_;l 6:31 PM Mon Feb 14 . . . @ 42% Take Quiz Exit 8. The festival received a $10,000 grant from the Toronto Arts Council and deposited it to the bank Assets Liabilities Revenues Expense 9. The festival issued a $1000 cheque to a band playing in the current year's festival. Assets Liabilities Revenues Expense 10. The festival wrote a $1500 cheque to a print house for the printing costs of their current season brochure. Assets Liabilities Revenues Expense 11. The festival issued a monthly salary cheque to the artistic director for $5000 Assets Liabilities Revenues Expense 12. The festival issued a monthly salary cheque to the managing director for $5000 . Assets Liabilities Revenues Expense 13. The festival received an internet bill for $75, but didn't have time to pay it before the end of the month, so owes it in Accounts Payable6:31 PM Mon Feb 14 . . . @ 42% Take Quiz Exit 3. The festival received a $100 donation and deposited in the bank. Assets Liabilities Revenues Expense 4. The festival issued a $1000 cheque for the theatre rental for the current year's festival Assets Liabilities Revenues Expense 5. The festival bought $50 of office supplied from Staples by credit card. Assets Liabilities Revenues Expense 6. The festival got a letter saying they would receive a $2000 grant from a community foundation supporting the current year's festival but have not received the cheque yet, so it is in Accounts Receivable Assets Liabilities Revenues Expense 7. The festival wrote a $2000 cheque to their lighting designer for the current year's festival. Assets Liabilities Revenues Expense 8. The festival received a $10,000 grant from the Toronto Arts Council and deposited it to the bank