Top Posters
Since Sunday
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
goji.go goji.go
wrote...
Go to Answer
Posts: 5977
Rep: 293 0
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
Read 457 times
3 Replies
Diesel
Replies
Answer accepted by topic starter
f_zah1f_zah1
wrote...
#1
Top Poster
Posts: 10774
Rep: 1064 3
9 years ago
Sign in or Sign up in seconds to unlock everything for free
1

Related Topics

wrote...
#2
3 years ago
thank you!
wrote...
#3
3 years ago
good
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1253 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Related Images
  
 346
  
 1181
  
 286
Your Opinion
What's your favorite funny biology word?
Votes: 328
Previous poll results: What's your favorite math subject?