Create a transaction report for the following February transactions for the Access to Learning nonprofif organization: - On Feb 1, the nonprofit paid $20,000 in salaries. - On Feb 2, the nonprofit used $5,000 in cash to pay down its accounts payable by that amount. - On Feb5, the nonprofit received $5,000 in cash from a foundation, and that donation had previously been recorded in accounts receivable. - On Feb 10, the executive director talked to a foundation program officer who said that the foundation would be giving a $25000 grant to the nonprofit within the next 2 months. - On Feb 15, the nonprofit incurred another $1,000 in salaries payable. - On Feb 20, the nonprofit received $5,000 in cash from pledges. - On Feb 22, the nonprofit received a second payment of $10,000 from the $50,000 foundation grant. - On Feb 23, the nonprofit conducted the workshops that were paid for in Jan ($10,000), and payment had been recorded as deferred revenue. - On Feb 24, the nonprofit made a mortgage payment of $5,000 plus $500 in mortgage interest. - On Feb 25, the nonprofit bought $500 worth of books with cash.
Create a transaction report for the following February transactions for the Access to Learning nonprofif organization:
- On Feb 1, the nonprofit paid $20,000 in salaries.
- On Feb 2, the nonprofit used $5,000 in cash to pay down its accounts payable by that amount.
- On Feb5, the nonprofit received $5,000 in cash from a foundation, and that donation had previously been recorded in accounts receivable.
- On Feb 10, the executive director talked to a foundation program officer who said that the foundation would be giving a $25000 grant to the nonprofit within the next 2 months.
- On Feb 15, the nonprofit incurred another $1,000 in salaries payable.
- On Feb 20, the nonprofit received $5,000 in cash from pledges.
- On Feb 22, the nonprofit received a second payment of $10,000 from the $50,000 foundation grant.
- On Feb 23, the nonprofit conducted the workshops that were paid for in Jan ($10,000), and payment had been recorded as deferred revenue.
- On Feb 24, the nonprofit made a mortgage payment of $5,000 plus $500 in mortgage interest.
- On Feb 25, the nonprofit bought $500 worth of books with cash.
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