Question: WRITE jOURNAL ENTRY NA donor makes a multi-year pledge to provide $1,000 a year for the next 10 years for the organization's unrestricted use. The

WRITE jOURNAL ENTRY NA donor makes a multi-year pledge to provide $1,000 a year for the next 10 years for the organization's unrestricted use. The net present value of the annuity as of the date of the gift is $5,378. In the next year, $1,000 is collected. The net present value of the remaining 9 payments is $4,500

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

The data listed below are taken from a balance sheet of Trident Corporation at December 31, 2021. Some amounts, indicated by question marks, have been intentionally omitted. Required: 1. Determine...

Governmental accounting help..with journal entry. Need as many done in 40min please! Equipment which has a book value to the donor of $5,000 and a tax basis of $2,000 is donated to Hope for general...

A donor makes a multi-year pledge to provide $10,000 a year for the next 10 years for the organizations unrestricted use. The net present value of the annuity as of the date of the gift is $55,000....

A donor makes a multi-year pledge to provide $1,000 a year for the next 10 years for the organization's unrestricted use. The net present value of the annuity as of the date of the gift is $5,378. In...

A donor makes a multi-year pledge to provide $10,000 a year for the next 10 years for the organization's unrestricted use. The net present value of the annuity as of the date of the gift is $55,000....

According to the Rosewood case study,moving to a corporate brand from an individual brand is expected to improve customer lifetime value (CLV).Use the Rosewood excel fileRosewood to calculate the...

Please provide a maximum one-page summary of how we can analyze the cost of capital for our project (below) vis--visthe peer-reviewed research article attached. Consider risk as you decide. What...

Please help with the discussion below: ** Each of the 3 questions below only need to beabout two-threepara graphs but packed full of information, no fluff. **Attached below are a few readings from...

I want to know how to solve question 10. it asks to find the net present value. I want to know how to calculate. I also want to know how should I answer the question 13. Case Study: Surgical Robot...

The following are categories of accounts reported in the financial statements: A.Current Assets E. Long-Term Liabilities B.Fixed Assets F. Stockholders Equity C.Intangible Assets G. Revenue D.Current...

Compose a document, at least 3 pages in length, in which you identify the following: The percentage of overall revenue you will devout to your marketing effort. A break down of that percentage...

9 : 2 3 4 4 5 . Volkswagen AG and Daimler AG , both based in Germany, are two of the largest automobile manufacturers in the world. The following information was provided in each company's 2 0 1 6...

You have been asked to estimate the beta for a large South Korean company, with large holdings in steel and financial services. You have collected the average betas for global companies in each of...

In 2019, Sven is single and has $136,000 of regular taxable income. He itemizes his deductions as follows: real property tax of $2,800, state income tax of $4,800, and mortgage interest expense of...

Big Co. owns 60% of the stock of Little Co. On 1/1/22, Little Co sells land to Big Co for $50,000. The land had cost Little Co. $30,000 several years earlier. On 3/1/25, Big Co sells the land to a...

A trader has entered into a forward rate agreement in which it will receive 4.5% based on quarterly compounding for a three-month period starting in 9 months. The notional value of the forward rate...

Understanding Yourself and How That Impacts Negotiation Exercise 2 Self-Monitoring Assessment The statements below concern your personal reactions to several different situations. If a statement is...

List the activities involved in employer-designed HRD programs

Discuss the pros and cons of using multiple sources to collect data for person analysis

Identify and discuss the factors that affect the transfer of training, and how these can be used to maximize learning