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Which entry would be the correct entry to record that a not-for-profit entity collected $80,000 of amounts pledged and also wrote off $3,000 of
Which entry would be the correct entry to record that a not-for-profit entity collected $80,000 of amounts pledged and also wrote off $3,000 of amounts pledged that were previously estimated as amounts uncollectible? DEBIT CREDIT of A. Contributions Receivable $80,000 B. Cash $80,000 Cash $80,000 tion C Contributions Receivable $80,000 D. E Cash $80,000 Allowance for Uncollectible Pledges $3,000 Cash $80,000 Allowance for Uncollectible Pledges $3,000 Select one: O a. Option C O b. Option B. Oc Option E O d. Option A Oe. Option D. Contributions Receivable $80,000 Allowance for Uncollectible Pledges 3,000 Cash $83,000 Contributions Receivable $83,000 Contributions Revenue-without Donor Restrictions $83,000
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