Question
A hospital used $220,000 of its idle cash to purchase equity securities . The journal entries in the hospital's general fund will be: A)Dr. Cash
A hospital used $220,000 of its idle cash to purchase equity securities . The journal entries in the hospital's general fund will be:
A)Dr. Cash $220.000 and Cr. Investment $220,000
B)Investments $220,000 and Cr. Cash 220,00
C)Dr. Cash $ 220,000 and Cr. Other revenue $ 220, 000
D)Dr. Equipment $220,000 and Cr. Cash $220,000
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Financial Accounting
Authors: V.K. Gopal
1st Edition
9788174467461
