The following relate to grants that the town of College Hills received from the state...
60.1K
Verified Solution
Link Copied!
Question
Accounting
The following relate to grants that the town of College Hills received from the state during its fiscal year ending December 31, 20x1. Prepare journal entries to record the grant. A cash grant of $200,000 that must be used to repair roads a. Dr. Grant Revenue $200,000 Cr. Cash $200,000 b. Dr. Cash $200,000 Cr. Grant Revenue $200,000 c. Dr. Cash $200,000 Cr. Deferred inflow of resources (state grant) $200,000 d.Dr. Deferred inflow of resources (state grant) $200,000 Cr. Cash $200,000
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.