Question
Exercise 196 A well-known celebrity sponsored a telethon for the Help for the Blind Foundation on November 1, 2015. Pledges in the amount of $950,000
Exercise 196 A well-known celebrity sponsored a telethon for the Help for the Blind Foundation on November 1, 2015. Pledges in the amount of $950,000 were called in. Using similar telethon campaigns as a basis, it is estimated that 25% of the pledges will be uncollectible.....
For my homework, I need help finding the name for an account (the account is currently marked wrong on the image). The first image shows the problem, and the second image shows the account list. Please do not be creative in the account name because I won't be able to use it. wiley has restrictions on list of accounts.
I have tried 7 attempts and they were wrong. ( the accounts I used were Contributions Revenue, Unrestricted Current Fund Revenue, Provision for Uncollectible Pledges, Pledges Receivable, Cash, Revenue, Bad Debt Expense, Unrestricted Income from Endowment Funds, and all were wrong, so I didn't include them in the list of accounts).
I'm on my last attempt. .
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