Prepare journal entry for the following transactions that oc…
Questions
Prepаre jоurnаl entry fоr the fоllowing trаnsactions that occurred during fiscal 2024 assuming Kids Klub follows the deferral method. On April 15th, a high-profile donor provided Kids Klub with $100,000 to be permanently maintained and invested in government bonds. The investment amount went straight into a long term investments account. 2024 Date Account Titles Debit Credit 15-Apr Provide the account name in the first space below. 100,000 Provide the account name in the second space below. 100,000 When choosing account names, refer to the listing of accounts that was provided at the top of the quiz. Ensure you spell the account name properly.