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Acc 410 ch 10-11 homework

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ACC410

Week 7 homework – Chapter 10-11

 

Chapter 10

 

Problem 10-4

 

1. a.     Cash                                                    $100,000

            Pledges receivable                               $20,000

                        Revenue                                                                      $120,000

            Record contributions-special revenue fund

 

b.         Supplies inventory                              $30,000

            Operating expenses                             $85,000

            Supplies expense                                 $30,000

                        Cash                                                                            $145,000

            Record purchase and use of supplies-special revenue fund

 

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