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Girls Education, a non-profit promoting the formal education of girls in economically depressed areas, receives a contribution of $100,000 that the donor restricts to purchasing
Girls Education, a non-profit promoting the formal education of girls in economically depressed areas, receives a contribution of $100,000 that the donor restricts to purchasing technology and books for the girls in FY 01. In FY 01, Girls Education purchases books for $1,000 and electronic readers for $20,000.
Required
Make all necessary journal entries to record the transactions for FY 01.
| ACCTG 462 | |||||
| L10 Girls Education Journal Entries | |||||
| Instructions: Use this template to complete your work for L10 Girls Education Journal Entries. Widen columns as needed to accommodate entries. | |||||
| A. | |||||
| Date | Account | Debit | Credit | ||
| Cash | $ 100,000.00 | ||||
| Contribution-Restricted | $ 100,000.00 | ||||
| B. | |||||
| Date | Account | Debit | Credit | ||
| Books | $ 1,000.00 | ||||
| Electronic Readers | $ 20,000.00 | ||||
| Cash | $ 21,000.00 | ||||
| C. | |||||
| Date | Account | Debit | Credit | ||
| Contribution-UNRestricted | $ 21,000.00 | ||||
| Books | $ 1,000.00 | ||||
| Electronic Readers | $ 20,000.00 | ||||
PLEASE CORRECT C. I CANNOT GET IT CORRECT>
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