The Village of Watkins Glenn operated an educational program for at-risk middle school children.Businesses and nonprofit organizations sponsor the children and pay the registration fee.
The following cash receipts were collected:
The following cash disbursements were made:
Required:
A.Prepare the journal entries to record revenues and disbursements if the city treats the
program as an enterprise fund
B.Prepare the journal entries to record revenues and disbursements if the city treats the
program as a special revenue fund

Question

The Village of Watkins Glenn operated an educational program for at-risk middle school children.Businesses and nonprofit organizations sponsor the children and pay the registration fee.
The following cash receipts were collected:
  The following cash disbursements were made:
  Required:
A.Prepare the journal entries to record revenues and disbursements if the city treats the
program as an enterprise fund
B.Prepare the journal entries to record revenues and disbursements if the city treats the
program as a special revenue fund

Quizplus · Accepted Answer

The Answer of The Village of Watkins Glenn operated an educational program for at-risk middle school children.Businesses and nonprofit organizations sponsor the children and pay the registration fee.
The following cash receipts were collected:
  The following cash disbursements were made:
  Required:
A.Prepare the journal entries to record revenues and disbursements if the city treats the
program as an enterprise fund
B.Prepare the journal entries to record revenues and disbursements if the city treats the
program as a special revenue fund

The Village of Watkins Glenn Operated an Educational Program for At-Risk