A skilled carpenter repaired the roof for a private not-for-profit free of charge. The not-for-profit would have had to pay $50 for this service if not donated. What entry should the not-for-profit make? $\begin{array}{lccc}
\text { A) Building } & 50 \
\text { Contribution revenue } &&50 \
\end{array}$

$\begin{array}{lccc}
\text { B) Service expense } & 50 & \
\text { Contribution revenue } & &50 \
\end{array}$

$\begin{array}{lccc}
\text { C) Improvements } &50 \
\text { Contribution revenue } & &50
\end{array}$

$\begin{array}{lccc}
\text { D) No entries are necessary for the transaction. }
\end{array}$

Question

A skilled carpenter repaired the roof for a private not-for-profit free of charge. The not-for-profit would have had to pay $50 for this service if not donated. What entry should the not-for-profit make? $\begin{array}{lccc}
\text { A) Building } & 50 \
 \text { Contribution revenue } &&50 \
\end{array}$
 
$\begin{array}{lccc}
\text { B) Service expense } & 50 & \
\text { Contribution revenue } & &50 \
\end{array}$
 
$\begin{array}{lccc}
\text { C) Improvements } &50  \
 \text { Contribution revenue } & &50
\end{array}$
 
$\begin{array}{lccc}
\text { D) No entries are necessary for the transaction. }
\end{array}$

Quizplus · Accepted Answer

The Answer of A skilled carpenter repaired the roof for a private not-for-profit free of charge. The not-for-profit would have had to pay $50 for this service if not donated. What entry should the not-for-profit make? $\begin{array}{lccc}
\text { A) Building } & 50 \
 \text { Contribution revenue } &&50 \
\end{array}$
 
$\begin{array}{lccc}
\text { B) Service expense } & 50 & \
\text { Contribution revenue } & &50 \
\end{array}$
 
$\begin{array}{lccc}
\text { C) Improvements } &50  \
 \text { Contribution revenue } & &50
\end{array}$
 
$\begin{array}{lccc}
\text { D) No entries are necessary for the transaction. }
\end{array}$

A Skilled Carpenter Repaired the Roof for a Private Not-For-Profit A) Building 50 Contribution revenue 50\begin{array}{lccc}\text { A) Building } & 50 \\ \text { Contribution revenue } &&50 \\\end{array} A) Building Contribution revenue ​50​50​

A Skilled Carpenter Repaired the Roof for a Private Not-For-Profit $\begin{array}{lccc}\text { A) Building } & 50 \\ \text { Contribution revenue } &&50 \\\end{array}$