Question
which of the following general journal entries would be made for the temporarily restricted net assets class with a progarm restriction when the cash is
which of the following general journal entries would be made for the temporarily restricted net assets class with a progarm restriction when the cash is expended in a subsequent time period
Debit credit
a.Debit :reclassifications-satiscfaction of program
restrictions-temporarily restricted
credit:reclassifications-satiscfaction of program
restrictions-unrestricted
b.debit:operating expense
credit:cash
C. Debit:reclassifications-satiscfaction of program
restrictions-temporarily restricted
Credit:cash
D. Debit:cash
Credit:reclassifications-satiscfaction of program
restrictions-unrestricted
Choose A,B,C or D?
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