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During 20X1, a not-for-profit hospital earns $30,000 of investment income from an unrestricted fund, which is used in the hospital's current operations. The journal entry
During 20X1, a not-for-profit hospital earns $30,000 of investment income from an unrestricted fund, which is used in the hospital's current operations. The journal entry to record this is Blank______. Multiple choice question. Debit Investment IncomeDesignated for Current Operations for $30,000; Credit Cash for $30,000 Debit Cash for $30,000; Credit Investment IncomeDesignated for Current Operations for $30,000 Debit Cash; Credit ContributionsUnrestricted Debit ContributionsUnrestricted; Credit Cash
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