Question: QUESTION 9 Which entry would be the correct entry on the not-for-profit organization's books to record a donor's gift? a.Debit expense-charitable contribution, credit cash. b.Debit

QUESTION 9

  1. Which entry would be the correct entry on the not-for-profit organization's books to record a donor's gift?

    a.Debit expense-charitable contribution, credit cash.

    b.Debit refundable advance to charity, credit cash.

    c.Debit cash, credit liability to beneficiary.

    d.Debit cash, credit refundable advance.

    e.Debit cash, credit contribution revenue.

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