Question
Please ans asap Miles Davis donated $3,000,000 to a local nonprofit on December 31, 2017 A.Assume that no restrictions are placed on the use of
Please ans asap
Miles Davis donated $3,000,000 to a local nonprofit on December 31, 2017
A.Assume that no restrictions are placed on the use of the donated resources.
- Prepare the required December 31, 2017 entry
- Prepare any entries necessary in 2018 if $400,000 of the gift is used to finance nonprofit operating expenses
B.Assume that the donation was restricted to scholarships
- . Prepare the required December 31, 2017 entry
- Prepare any entries necessary in 2018 as a result of spending $400,000 for scholarships..
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College Accounting Chapters 1-9
Authors: James Heintz
22nd Edition
1305888537, 978-1305666184
