Solved: On january 1 2013 the managing board of a not-for-profit, Accounting Basics

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On january 1 2013 the managing board of a not-for-profit

Question: (Accounting for board-designated resources) On January 1, 2013, the managing board of a not-for-profit hospital set aside $35,000 to upgrade the skills of its newly hired nurses. During January, the hospital spent $15,000 to train the nurses. Prepare journal entries to record the transactions.

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Accounting Basics: On january 1 2013 the managing board of a not-for-profit

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