Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Post the listed entries to the listed T-accounts. Association of Women in Government Educational Foundation December 31, 2017 Credits Account Title Postage and photocopying expenses

Post the listed entries to the listed T-accounts.

image text in transcribedimage text in transcribedimage text in transcribed

Association of Women in Government Educational Foundation December 31, 2017 Credits Account Title Postage and photocopying expenses Cash Debits 2,050 2,050 1,900 Supplies inventory Accounts payable 1,900 Accounts payable Cash 1,700 1,700 1,880 Supplies consumed Supplies Inventory 1,880 Cash Unrestricted donations 9,600 9,600 7,500 Cash Interest receivable Interest income 700 6,800 600 Interest receivable Interest income 600 Investment in bonds Income from investments 2,100 2,100 Pledge receivable Permanently restricted net assets 1,362 1,362 10,000 Cash Pledge receivable 10,000 17,000 Scholarship awards Scholarship payable 17,000 Scholarship payable Cash 19,500 19,500 CASH 22,900 PLEDGES RECEIVABLE 27,232 ACCRUED INTEREST RECEIVABLE 700 SUPPLIES 400 bb bb bb 27,232 700 22,900 SCHOLARSHIPS PAYABLE ACCOUNTS PAYABLE INVESTMENT IN BONDS 100,000 5,000 bb - bb 100,000 5,000 UNRESTRICTED NET ASSETS NET ASSETS TEMPORARILY RESTRICTED - SCHOLARSHIPS PERMANENTLY RESTRICTED NET ASSETS 16,400 bb 2,600 bb 127,232 bb 16,400 2,600 127,232 UNRESTRICTED REVENUE CONTRIBUTIONS TEMPORARILY RESTRICTED REVENUE-INTEREST TEMPORARILY RESTRICTED REVENUE-NET GAIN ON ENDOWMENT INVESTMENTS PERMANENTLY T RESTRICTED REVENUE CONTRIBUTIONS PROGRAM EXPENSE SCHOLARSHIPS RECLASSIFICATION FROM TEMP RESTR. RECLASSIFICATION TO UNRESTRICTED NET ASSETS ADMIN EXPENSE Check that these equal after posting each journal entry Total Debit Balances 151,232 Total Credit Balances 151,232

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Gas And Mileage Log Book

Authors: TopStoxx Publishing

1st Edition

B08DDM8FVC, 979-8668873487

More Books

Students also viewed these Accounting questions