Question: E 1 6 - 4 ( Various Transactions ) Record the following transactions in the accounts of a nongovernment VHWO or ONPO. Purchased supplies on
EVarious Transactions Record the following transactions in the accounts of a nongovernment VHWO or ONPO.
Purchased supplies on account, $
Used supplies costing $
Purchased equipment costing $ using donorrestricted resources.
Issued $ of bonds at par.
Sold land that had cost $ for $
Received interest earned on investment of donorrestricted resources, $ The donor did not specify that the interest income be used for the same purpose stipulated for the principal of the gift, but the organization traditionally has done so and plans to in this case.
show how the transactions should be recorded.
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