Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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?

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_2

Step: 3

blur-text-image_3

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

Accounting Fundamentals For Health Care Management

Authors: Steven A. Finkler, David M. Ward, Thad Calabrese

3rd Edition

1284124932, 9781284124934

More Books

Students also viewed these Accounting questions

Question

OUTCOME 5 Discuss sexual harassment as an employment equity issue.

Answered: 1 week ago