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goji.go goji.go
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9 years ago
A school district receives a grant from the federal government to reimburse the district for the salaries of teachers in an “English as a Second Language” program. The grant has no time requirements. The school district has paid the teachers and expects to receive payment from the federal government within 30 days of year-end. Which of the following journal entries would be needed for the school district?
      a.   debit cash and credit intergovernmental revenues - grants
      b.   debit deferred revenues - grants and credit intergovernmental revenues - grants
      c.   debit due from federal government and credit intergovernmental revenues - grants
      d.   debit due from federal government and credit deferred revenues - grants
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Diesel
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f_zah1f_zah1
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9 years ago
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moohd

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goji.go Author
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#2
9 years ago
Thanks so much f_zah1.

You were correct Smiling Face with Open Mouth
Diesel
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#3
9 years ago
You're very welcome!
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