Business, 21.11.2019 07:31 cman8228

(journal entries for a nonprofit)fruits & veggies, a nonprofit, conducts two types of programs: education and research. it does not use fund accounting. during 2018, the following transactions and events took place. prepare journal entries for these transactions, identifying increases and decreases by net asset classification as appropriate. 1. pledges amounting to $200,000 were received, to be used for any purpose designated by the trust-ees. fruits & veggies normally collects 90 percent of the amount pledged. 2. fruits & veggies collected $190,000 in cash on the amount pledged in the previous transaction. it wrote off the balance as uncollectible. 3. ed victor donated $5,000 cash in 2018, stipulating that it could be used for any purpose, but only during 2019.

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(journal entries for a nonprofit)fruits & veggies, a nonprofit, conducts two types of programs:...

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