Which entry would be the correct entry to record pledges of $100,000 to a public television fundraiser? The public television organization estimates that 5% of the funds will be uncollectible.

Name: Which entry would be the correct entry to record pledges of $100,000 to a public television fundraiser? The public television organization estimates that 5% of the funds will be uncollectible.
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Question

Quizplus · Accepted Answer

Pledges Made $100,000 - Estimated Uncollectable Pledges $5,000 = Net Receivables Recorded $95,000

Which Entry Would Be the Correct Entry to Record Pledges