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Other Fields Homework Help Accounting Topic started by: goji.go on Oct 21, 2014



Title: A Scholarship Private-Purpose Trust Fund of a local school board pays tuition of
Post by: goji.go on Oct 21, 2014
A Scholarship Private-Purpose Trust Fund of a local school board pays tuition of $10,000 on behalf of scholarship recipients. What journal entry would be made to record this transaction in the trust fund?
   
      Debit   Credit
A.   Tuition Expenses
   Cash   $10,000   
$10,000
B.   Transfers to Other Governmental Units
   Cash   $10,000   
$10,000
C.   Deductions – Tuition
   Cash   $10,000   
$10,000
D.   Trust Revenue
   Cash   $10,000   
$10,000


Title: Re: A Scholarship Private-Purpose Trust Fund of a local school board pays tuition of
Post by: f_zah1 on Oct 22, 2014
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Title: Re: A Scholarship Private-Purpose Trust Fund of a local school board pays tuition of
Post by: Julie Cull on Nov 21, 2020
thank you!


Title: Re: A Scholarship Private-Purpose Trust Fund of a local school board pays tuition of
Post by: Ricardo Perez on Nov 28, 2020
good