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This is for Non Profit Financials.What are the accounts impacted( assests, liability, revenue, expenses etc) which financial statement is impacted with this activities The ARC
This is for Non Profit Financials.What are the accounts impacted( assests, liability, revenue, expenses etc) which financial statement is impacted with this activities
The ARC purchases 2 new computers and a large printer for the office costing $7,000. The vendor will invoice at the end of the month and ARC will pay the bill in full when recelved. Activity +/- Account type and name Financial Statements impacted Purchase computers and printer Pay vendor invoice in full Note: alternative may be to borrow funds for purchase - short term Joan. Repayment of note If capitalized, annual depreciation recorded Step by Step Solution
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