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I need to know how to put them in debit and credit for: a n international childrens charity collects donations, which are used to buy
I need to know how to put them in debit and credit for: an international childrens charity collects donations, which are used to buy clothing and toys for children in need. The charity records donations of cash and other items as Donations Revenue when received |
a. | received $7,800 in cash and checks from a door-to-door campaign. |
b. | Paid $3,600 cash for employee wages this month. |
c. | Paid $1,400 cash on a short-term loan from the bank (ignore interest). |
d. | Bought $6,200 worth of new toy supplies from a large toy manufacturer, paying $2,800 cash and signing a short-term note for $3,400. |
e. | The manufacturer generously donated an additional $2,600 of toy supplies. |
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