Question: #17 - Ignore the given section. Simply show the transaction in journal entry form (example below) in each of the scenarios A through P. A.
#17 - Ignore the given section. Simply show the transaction in journal entry form (example below) in each of the scenarios A through P. A. "Received cash contribution from donor without restrictions" Debit -- Cash $9,000,000 Credit - Unrestricted Net Assets $9,000,000 B. "Purchased equipment; paid cash". Debit -- Equipment $5,500,000 Credit Cash $5,500,000 #17 - Ignore the given section. Simply show the transaction in journal entry form (example below) in each of the scenarios A through P. A. "Received cash contribution from donor without restrictions" Debit -- Cash $9,000,000 Credit - Unrestricted Net Assets $9,000,000 B. "Purchased equipment; paid cash". Debit -- Equipment $5,500,000 Credit Cash $5,500,000
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