ACCT 265 Exam_2_Problem

ACCT 265 Exam_2_Problem - 25,500 Reclassification from...

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Carol Mill ACC265 August 19, 2009 Exam #2 Problem a. Cash 3,000 Contributions Receivable 3,000 Reclassification from Temporarily Restricted Net Assets- Expiration of Time Restrictions 3,000 Reclassification to Unrestricted Net Assets- Expiration of Time Restrictions 3,000 b. Educational Program Expense 10,485 Cash 10,485 Reclassification from Temporarily Restricted Net Assets- Satisfaction of Program Restrictions 10,485 Reclassification to Unrestricted Net Assets- Satisfaction of Program Restrictions 10,485
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c. Equipment 45,500 Contributions Receivable 20,000 Cash
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Unformatted text preview: 25,500 Reclassification from Temporarily Restricted Net Assets-Satisfaction of Fixed Asset Restrictions 20,000 Reclassification to Unrestricted Net Assets-Satisfaction of Fixed Asset Restrictions 20,000 d. Contributions Receivable 758 Contributions Temporarily Restricted 758 15,635 3,000 = 12,635 12,635 x 6% = 758.10 User Review Enabled Subject Grade (50 pts) Comment s Exam #2 Problem submitted 8/20/2009 7:03:43 AM Pages: Previous | Next | 1...
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ACCT 265 Exam_2_Problem - 25,500 Reclassification from...

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