Atlee makes a cash gift to a not-for-profit local ballet company which is designated by the donor to buy costumes for a new ballet staging. It should be accounted for with the following journal entry:

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The Answer of Atlee makes a cash gift to a not-for-profit local ballet company which is designated by the donor to buy costumes for a new ballet staging. It should be accounted for with the following journal entry:

Atlee Makes a Cash Gift to a Not-For-Profit Local Ballet