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 $1,800 for this service if not donated. What entry should the not-for-profit make?
A. No entry is required for this event.
| Building | $18,000 |
|
| Contribution revenue |
| $18,000 |
| Capital Expenditures | $18,000 |
|
| Contribution revenue |
| $18,000 |
| Supporting Service expense | $18,000 |
|
| Contribution revenue |
| $18,000 |
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Auditing Jane Doe
Authors: Michelle Cornish
1st Edition
1777418828, 978-1777418823
