Question: Which entry would be the correct entry to record pledges of $100,000 for a telethon event to raise money for a not-for-profit public television station?

  1. Which entry would be the correct entry to record pledges of $100,000 for a telethon event to raise money for a not-for-profit public television station? The public television entity estimates that 5% of the funds will be uncollectible. D

DEBIT

CREDIT

A.

Contributions Receivable $100,000

Contributions Revenue without Donor Restrictions $100,000

B.

Cash $100,000

Contributions Revenue without Donor Restrictions $100,000

C.

Contributions Receivable $100,000 Bad Debt Expense Fundraising $5,000

Contributions Revenue without Donor Restrictions $100,000 Allowance for Uncollectible Pledges $ 5,000

D.

Contributions Receivable $95,000 Allowance for Uncollectible Pledges $5,000

Contributions Revenue without Donor Restrictions $100,000

E.

Cash $95,000 Allowance for Uncollectible Pledges $5,000

Contributions Revenue without Donor Restrictions $100,000

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