Author Question: Which are the parts of the T account? a. title, date, total b. date, debit side, credit side c. ... (Read 155 times)

burton19126 · **on:** Jul 5, 2018

Which are the parts of the T account?
a. title, date, total
b. date, debit side, credit side
c. title, debit side, credit side
d. title, debit side, total

Question 2

The local chapter of the Cure Juvenile Diabetes Association has two significant fund-raising events each year in addition to its annual pledge drive--a black tie gala and a golf tournament.

In 20X7, ticket sales to the gala were 532,000 (direct costs totaled 302,000). In that same year, the golf tournament generated revenues of 175,000 (direct costs totaled 45,000). The statement of activities may report
a. special fund-raising events revenue of 707,000 with an associated expense deduction of 347,000 reported in the revenue section of the statement of activities.
b. special fund-raising events revenue of 707,000 reported in the revenue section of the statement of activities.
c. special fund-raising events expenses of 347,000 reported in the expenses section of the statement of activities.
d. either item a separately OR items b and c together.
e. None of the above.