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Lusk Animal Shelter, a nonprofit entity that cares for animals until they are adopted, follows current FASB standards for other not for profit organizations
Lusk Animal Shelter, a nonprofit entity that cares for animals until they are adopted, follows current FASB standards for other not for profit organizations in accounting for its accounting transactions and preparing its financial statements. It charges expenses to three programs: care of animals program, special programs, and administrative expenses. Attached are summary transactions for Lusk for the current calendar year (also its fiscal year) of 20X6. REQUIRED: Using the attached forms, prepare the general journal entries, in proper form, to record the transactions. Omit explanations. Use the letter of the entry as the date.
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