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goji.go goji.go
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9 years ago
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
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Diesel
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f_zah1f_zah1
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#2
3 years ago
thank you!
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#3
3 years ago
good
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