Chapter 9 Journal Entries Flashcards
Donate Materials
DR: Asset [FV]
CR: Contribution - Support
Donated Materials That Will Benefit Someone Else (like to a hospital)
DR: Expense
CR: Unrestricted Contributions - Supplies
Unrestricted Pledges with Implied Time Restriction
DR: Pledge Receivable - Temp Restricted
CR: Allowance for Doubtful Accounts
CR: Contributed Revenue - Temp Restricted
Collection of Pledge
DR: Cash - Temporarily Restricted
CR: Pledge Receivable - Temp Restricted
DR: Satisfaction of Time Restriction - Temp Restricted
CR: Cash - Temporarily Restricted
DR: Cash - Unrestricted
CR: Satisfaction of Time Restric. - Temp Restricted
Pledge of Restricted Net Assets
DR: Pledge Receivable - Temp Restricted
CR: Allowance for Doubtful Accounts
CR: Restricted Revenue - Temp Restrict. Net Assets
After Collection of Receivable, when Money is Spent
DR: Reclassification of Restriction
CR: Cash/Restricted Net Assets
DR: Unrestricted Net Assets
CR: Reclassification - Satisfaction of Restriction
DR: Operating Expense
CR: Cash/Unrestricted Net Assets
Receipt Without Variance Power
DR: Asset
CR: Refundable Advance (lia)
Receipt With Variance Power
DR: Asset
CR: Contribution Revenue
Financially Related with Variance Power
DR: Asset
CR: Contribution Revenue
When Someone Else is Holding an Asset for you but you are the Ultimate Beneficiary - Recognized Interest - Financially Interrelated
DR: Asset
CR: Equity Transaction
When Someone Else is Holding an Asset for you but you are the Ultimate Beneficiary - Recognized Interest - Pool of Assets
DR: Beneficial Interest
CR: Contribution Revenue
When Someone Else is Holding an Asset for you but you are the Ultimate Beneficiary - Not Recognizing Interest
DR: Receivable
CR: Contribution Revenue
