Business, 18.07.2020 19:01 warman486

Girls Education, a non-profit promoting the formal education of girls in economically depressed areas, receives a contribution of $100,000 that the donor restricts to purchasing technology and books for the girls in FY 01. In FY 01, Girls Education purchases books for $1,000 and electronic readers for $20,000. Required

Make all necessary journal entries to record the transactions for FY 01.

L10 Girls Education Journal Entries
Instructions: Use this template to complete your work for L10 Girls Education Journal Entries. Widen columns as needed to accommodate entries.
A.
Date Account Debit Credit
Cash $ 100,000.00
Contribution-Restricted $ 100,000.00
B.
Date Account Debit Credit
Books $ 1,000.00
Electronic Readers $ 20,000.00
Cash $ 21,000.00
C.
Date Account Debit Credit

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