Record the appropriate journal entries for the donation

Assignment Help Managerial Accounting

Reference no: EM132706996

Abby Hatcher's occupation is an artist, and her pieces of work usually sell for $500. To raise funds for Euzzly Catcher she has donated 10 pieces of work which were successfully auctioned off with an average sales price of $560 cash during the current year.

Problem 1: Record the appropriate journal entries for the donation and the sale of the art

Reference no: EM132706996

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