1. Abby Hatcher runs Fuzzly Catcher a registered tier 4 charity (i.e. the operating payments are...

Transcribed Image Text:

1. Abby Hatcher runs Fuzzly Catcher a registered tier 4 charity (i.e. the operating payments are less than $125,000) that cares for abandoned pets. She is the sole volunteer, and currently the only material donor. Explain whether you think the benefits of providing a statement of service performance outweighs the costs. 2. Abby Hatcher's occupation is an artist, and her pieces of work usually sell for $500. To raise funds for Fuzzly Catcher she has donated 10 pieces of work which were successfully auctioned off with an average sales price of $560 cash during the current year. Record the appropriate journal entries for the donation and the sale of the art. Account Debit Credit Account Debit Credit 1. Abby Hatcher runs Fuzzly Catcher a registered tier 4 charity (i.e. the operating payments are less than $125,000) that cares for abandoned pets. She is the sole volunteer, and currently the only material donor. Explain whether you think the benefits of providing a statement of service performance outweighs the costs. 2. Abby Hatcher's occupation is an artist, and her pieces of work usually sell for $500. To raise funds for Fuzzly Catcher she has donated 10 pieces of work which were successfully auctioned off with an average sales price of $560 cash during the current year. Record the appropriate journal entries for the donation and the sale of the art. Account Debit Credit Account Debit Credit

Answer rating: 100% (QA)

1 Answer Tier 4 Charitable registered entity Simple format report cash to be used under 125000 annual operating payments without public accountability ... View the full answer