ACCT 310-Assume that a nonprofit has a need for $80,000

by | Mar 18, 2020 | Uncategorized

  

Transaction 2: Assume that a nonprofit has a need for $80,000 for a particular new marketing expenditure, and a for-profit entity needs to raise an additional $80,000 to pay for some unanticipated marketing expenses. How would the journal entities look at the acquisition of the funds and the subsequent spending of the funds?

  

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