Prepare journal entries to record the following events and transactions. 1. In 2005, a donation of $900,000

Question:

Prepare journal entries to record the following events and transactions.
1. In 2005, a donation of $900,000 was received by a non-profit entity to fund the education of students affected by Hurricane Katrina.
2. In 2008, an anonymous donor contributed $3 million dollars for the evacuees of the Bolivar Peninsula affected by Hurricane Ike.
3. In 2010, contributions of $7 million were received to help the victims of the Joplin, Missouri tornado.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: