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goji.go goji.go
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Posts: 5977
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9 years ago
(Use of funds)

Andy Kelly Hospital uses the following types of funds for internal purposes: General Fund; Specific Purpose Funds; Plant Replacement and Expansion Fund; and Endowment Fund. State which fund (or funds) would be used to account for each of these transactions or events.
      a.   Ms. Shaw makes a gift of $50,000 to be used exclusively for arthritis research.
      b.   Hospital trustees designate $25,000 of the General Fund balance to be used for a special training program for the hospital's nurses.
      c.   Nurses salaries for the week, amounting to $100,000, are paid.
      d.   Mr. Beynon makes a gift to the hospital of $1 million, to be used exclusively for adding new wing housing the brain injury unit.
      e.   The hospital uses $100,000 from accumulated operating resources to acquire equipment.
      f.   The entire amount of Mr. Beynon’s $1 million gift is used to construct a new wing to the hospital for the brain injury unit.
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Diesel
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Answer accepted by topic starter
f_zah1f_zah1
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#1
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9 years ago
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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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