In the year 20X5, a group of merchants in the community of Gunning organized a merchant group, The Gunning Group, in an effort to work together to increase business to Gunning area merchants. Each of the 100 members pays dues of $200 per year for operations and fund raising. All dues were collected in 20X5. Other group activities for 20X5 were as follows:
Make the necessary entries to account for the above listed transactions.

Question

In the year 20X5, a group of merchants in the community of Gunning organized a merchant group, The Gunning Group, in an effort to work together to increase business to Gunning area merchants. Each of the 100 members pays dues of $200 per year for operations and fund raising. All dues were collected in 20X5. Other group activities for 20X5 were as follows:  
Make the necessary entries to account for the above listed transactions.

Quizplus · Accepted Answer

The Answer of In the year 20X5, a group of merchants in the community of Gunning organized a merchant group, The Gunning Group, in an effort to work together to increase business to Gunning area merchants. Each of the 100 members pays dues of $200 per year for operations and fund raising. All dues were collected in 20X5. Other group activities for 20X5 were as follows:  
Make the necessary entries to account for the above listed transactions.

In the Year 20X5, a Group of Merchants in the Community