Homework answers / question archive / University of Phoenix ACC 460 December 23, 2019 1)Cash donations without donor restrictions of $25,000 were received

University of Phoenix ACC 460 December 23, 2019 1)Cash donations without donor restrictions of $25,000 were received

Accounting

Share With

2. A local grocery store provided fresh produce with a fair value of $100. The produce was immediately used.

3. Volunteers from the local university contributed 100 hours to preparation and serving of meals. The estimated fair value of their labor was $750.

4. The Kitchen received $5,000 federal grant for the purchase of institutional kitchen appliances.

5. At Thanksgiving time, the Kitchen spent $4,100 on foodstuffs for preparations on the Thanksgiving dinner.