Question

W isco Dut not enurely correct. eneral Journa 41.000 41.000 41,000 Reclassifications to Na Asacts Without Donor Restrictions Expiration of Time Rest 41,000 99,000 Pages Receive Revenues With Doror Restrictions Operating Expense Nu Tran 50.000 Rec t ions to Net Asats We Donor Restrictions Satisfaction of Program 44,000 41,000 41,000 278,000 278.000 Without Donor Racions Designed by Board or Part 278,000

i dont understand what im doing wrong- please explain and correct

Answer 1

Hope Hospital Journal Enteries Trans. Particulars 1 Cash a/c To Pledges Receivable Dr. Debit in $ Credit in $ 41000 41000 41000 Reclassification from temporarily restricted net assets - expiration of time restrictions a/c Dr. To Reclassification to unrestricted Net Assets - expiration of time restrictions 41000 99000 Pledges Receivable a/c Dr. To Revenues temporarily restricted - Contributions 99000 Operating Expense - Nurse Training a/c To Cash Dr. 50000 50000 Dr. 44000 Reclassification from temporarily restricted net assets class satistfaction of program restrictions a/c To Reclassification to unrestricted Net Assets - satistfaction of program restrictions 44000 4 Dr. 61000 Cash a/c To Revenues temporarily restricted - Contributions 61000 Dr. 278000 Cash a/c To Non Operating Revenues - Unrestricted - Contributions 278000 Investments - assets whose use is limited by board for future plant expiration a/c Dr. To Cash 278000 278000 278000 Net Assets - Unrestricted - Undesignated a/c Dr. To Net Assets - Unrestricted - Undesignated by board for futre plant expansion 278000

Answer 2

So on #6 aka 4a there is no entry you welcome