Question
A skilled carpenter installed a roof on a new administrative building for a private not-for-profit free of charge. The not-for-profit would have had to pay
A skilled carpenter installed a roof on a new administrative building for a private not-for-profit free of charge. The not-for-profit would have had to pay $2,300 for this service if not donated. What entry should the not-for-profit make?
A. No entry is required for this event. Donated services are never recorded.
B. Capital Expenditures$2,300Contribution revenue without donor restrictions$2,300
C. Building$2,300Contribution revenue without donor restrictions$2,300
D. Supporting Service expense$2,300Contribution revenue without donor restrictions$2,300
please explain
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