Question
Complete the March transactions for the Access to learning Nonprofit Organization: -On March 1, the nonprofit paid $20,000 in salaries -On March 5, the nonprofit
Complete the March transactions for the Access to learning Nonprofit Organization:
-On March 1, the nonprofit paid $20,000 in salaries
-On March 5, the nonprofit charged $10,000 worth of supplies.
-On March 7, a foundation program officer told the executive director that the nonprofit would receive a $25,000 grant from a foundation.
-On March 10, the nonprofit received the third payment of $10,000 from the $50,000 foundation grant.
-On March 15, the nonprofit received $8,000 in cash from pledges receivable.
-On March 20, the nonprofit $5,000 in cash to reduce accounts payable.
-On March 25, the nonprofit sold $1,000 in marketable securities.
-On March 30, the nonprofit incurred $2,000 in salaries payable.
-On March 31, the nonprofit consumed $1,000 worth of supplies.
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