John Newton, an accountant, volunteered his service to Save Eagle Habitats, a nonprofit with a mission to protect and pr
Posted: Thu May 19, 2022 12:48 pm
John Newton, an accountant, volunteered his service to Save
Eagle Habitats, a nonprofit with a mission to protect and preserve
eagle habitats throughout the United States. He spent 20 hours
preparing budgets and financial statements for the nonprofit and 4
hours serving as a clerk in their gift shop. Newton normally gets
$250 an hour for accounting services, and the nonprofit normally
pays $8 an hour when it hires clerks. The journal
entry(ies) to record Newton’s volunteer services
is(are):
Group of answer choices
Program Expense $5,000 DR, Unrestricted Support $5,000 CR.
Support Expense – General & Management $5,000 DR,
Unrestricted Support $5,000 CR.
Program Expense $5,000 DR, Support Expense – General &
Management $32, Unrestricted Support $5,032.
Support Expense – General & Management $5,032 DR,
Unrestricted Support $5,032 CR.
Eagle Habitats, a nonprofit with a mission to protect and preserve
eagle habitats throughout the United States. He spent 20 hours
preparing budgets and financial statements for the nonprofit and 4
hours serving as a clerk in their gift shop. Newton normally gets
$250 an hour for accounting services, and the nonprofit normally
pays $8 an hour when it hires clerks. The journal
entry(ies) to record Newton’s volunteer services
is(are):
Group of answer choices
Program Expense $5,000 DR, Unrestricted Support $5,000 CR.
Support Expense – General & Management $5,000 DR,
Unrestricted Support $5,000 CR.
Program Expense $5,000 DR, Support Expense – General &
Management $32, Unrestricted Support $5,032.
Support Expense – General & Management $5,032 DR,
Unrestricted Support $5,032 CR.