Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please see image and complete the entire question. Tt of is a private starts and S30uOOO with dm SIOO.OOO that must held during the b
please see image and complete the entire question.
Tt of is a private starts and S30uOOO with dm SIOO.OOO that must held during the b Receid a of equity that the SIOQOOO but is 3300.000 to the with 3700.000 in net S400goo The 3300.000 is comgd of $200,000 with restrictims a. Charged stu&nts fw tion univeity must hold th i the of rm_Et be st tsfo the dividends fM any Any in a cash donation of S70uooo that d. Awarded tc students and Gnnot spent mt be to aaauire of Sno.ooo e Paid salary experE of 542.000 380000 (resrch). S50OO and S40,OOO (fundraising). f that a is his for this and will ucept his 380.000 His time is 70 percent and 30 $200000 of the mmey in {c) on lat.atory dmor had made no the of the The is ud 80 and 20 of the time h the in wth 3332.000 at end oftt i. Received cash ddends of $9,000 on the in ment in (g) as S32.ooo_ j. depreciation fw on the equip aside 500,000 of unrestricted of library k. The 's d of tr u st-s wtes to t Re eid an pmmise of SIO.OOO through the The exgts to collect the ey three S '0.000 e payment has a pres e en lu of ble rate of 10 m. Receid an as a gift It is $70,000 reporting, it qualifi rk of The scrml prefe not to gifts n. Paid utiliti and ottr of S76OO (tching), S45OO ( 343000 and Ssoooo lad a Received free sewis alumi uld paid S103OO to h of the school has a a. joumal entries and put on the in the Vibram the c this wk end of the year, the schml reived a pledge ofS40,OOOto be in It is to be an of $31,200 actim (If a selt quired" in t field. Enter in not in and Journal entry worksheet $1.2 milli n o for c h a rW to b. the for net dm statement of utivities the #ricd_ school has and It also two supporting to the whde dolla s and asts with by creating a sewices fundraising (Negati indiated a sign. your an With in in yow Cash Tow Net Net to dollar a the 31 aoxx NetA"ets Without Net As
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started