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Goudar Bloodcare is a blood donation center where eligible donors give a pint of blood about once every other month. Assess each of the following
Goudar Bloodcare is a blood donation center where eligible donors give a pint of blood about once every other month. Assess each of the following to decide if Goudar should record the item as an asset, a liability, a revenue, or expense. Record your answer in the designated column and in Blackboard. | ||
Asset | ||
Liability | ||
Revenue | ||
Expense | ||
# | Description | Type of Account |
1 | The monthly fee paid to maintain Goudar's website. | |
2 | Needles, bags, plastic bandages, etc. that were used to collect blood. | |
3 | Needles, bags, plastic bandages, etc. that will be used in the future to collect blood. | |
4 | Amounts received from hospitals to pay for the blood products. | |
5 | A loan that is owed to a bank. | |
6 | The building and equipment that serves as the home office for Goudar. | |
7 | Amounts owed to a printing company that prepared T-shirts given away at a recent blood drive campaign. | |
8 | Salaries of employees of Goudar earned, but not yet paid. | |
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