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The following are selected transactions for HELP-ON-US,an NFPO for 2014.
On January 1,the organization purchased fixed assets at a cost of $10,000.The assets were estimated to have a useful life of 5 years with no residual value.Straight-line amortization is used.
-Assuming that the assets were purchased from a restricted fund contribution in the amount of $11,000,prepare the required journal entries for 2014,indicating the fund or funds to be used.

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The following information pertains to questions 
The following are selected transactions for HELP-ON-US,an NFPO for 2014.
On January 1,the organization purchased fixed assets at a cost of $10,000.The assets were estimated to have a useful life of 5 years with no residual value.Straight-line amortization is used.
-Assuming that the assets were purchased from a restricted fund contribution in the amount of $11,000,prepare the required journal entries for 2014,indicating the fund or funds to be used.

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The Answer of The following information pertains to questions 
The following are selected transactions for HELP-ON-US,an NFPO for 2014.
On January 1,the organization purchased fixed assets at a cost of $10,000.The assets were estimated to have a useful life of 5 years with no residual value.Straight-line amortization is used.
-Assuming that the assets were purchased from a restricted fund contribution in the amount of $11,000,prepare the required journal entries for 2014,indicating the fund or funds to be used.

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