Question
Hi : I need to know for each one is debit or credit? Which ledger of these: assets, liabilities, net assets, revenues, and expense( It
Hi :
I need to know for each one is debit or credit? Which ledger of these: assets, liabilities, net assets, revenues, and expense( It will be more than type ). It is a journal of the portland after school program since July 1,20xx-December 31,20xx
1) July 1,20xx-received unrestricted donation check in the amount of $15,000 from the Multnomah county department of health and human services.
2)July 19, 20xx- paid a great northwest insurance company $9,000 for six more months of fire and liability insurance coverage.
3)July 15,20xx -- paid portland arts and crafts company $3,000 for additional arts and crafts supplies.
4)July 15,20xx _ transferred temporarily restricted funds in the amount of $ 3,000 from investments to pay for additional arts and crafts supplies.
5) July 30,20xx _ paid Oregon sporting goods $ 5,00 for additional recreational equipment.
6)December 31,20xx_ Received fees from parents in the amount of $ 40,000.
7)December 31,20xx _ to account for $1,750 in fees from parents earns earned in the first six montha of operations ,but collected in the second six months.
8) December 31,20xx__to account for $ 3,000 in parent fees earned in the second six months of operations, but not yet collected.
9)December 31,20xx_ to account for expenses (John 's Deli ) in the amount of $ 1,500 incurred during the first six months of operations, but paid in the second six months.
10) December 31,20xx __ paid portland gas and electric company $7,500 for utilities.
11) December 31,20xx -paid salaries and employee-related expenses in the amount of $55,000.
12) December 31,20xx__ paid pacific bell telephone company $750 for telephone services.
13) December 31,20xx __ to expense prepaid insurance in the amount of $9,000.
14) December 31,20xx __ to expense arts and crafts supplies in the amount $ 2,000.
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