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Which entry to record donated professional services

Assignment Help Financial Accounting
Reference no: EM132912768

Problem 1: The entry to record donated professional services at a hospital would be:

Option 1: a debit to Expense and a credit to Donated Services Expense

Option 2: a debit to Expense and a credit to Non operating Revenues-Donated Services

Option 3: a debit to Budgeted Donated Expense and a credit to Donated Services Expense

Option 4: a debit to Expense and a credit to Budgeted Donated Expense

Reference no: EM132912768

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