(a) July 1, 20XX— Received unrestricted donation check in the amount of $15,000 from
the Multnomah County Department of Health and Human Services.
(b) July 19, 20XX—Paid Great Northwest Insurance Company $9,000 for six more
months of fire and liability insurance coverage.
(c) July 15, 20XX—Paid Portland Arts & Crafts Company $3,000 for additional arts and
crafts supplies.
(d) July 15, 20XX—Transferred temporarily restricted funds in the amount of $3,000
from investments to pay for additional arts and crafts supplies.
(e) July 30, 20XX—Paid Oregon Sporting Goods $5,000 for additional recreational
equipment.
(f) December 31, 20XX—Received fees from parents in the amount of $40,000.
(g) December 31, 20XX—To account for $1,750 in fees from parents earned in the first six
months of operations, but collected in the second six months.
(h) December 31, 20XX—To account for $3,000 in parent fees earned in the second six
months of operations, but not yet collected.
(i) December 31, 20XX—To account for expenses (John’s Deli) in the amount of $1,500
incurred during the first six months of operations, but paid in the second six months.
(j) December 31, 20XX—Paid Portland Gas & Electric Company $7,500 for utilities.
(k) December 31, 20XX—Paid salaries and employee-related expenses in the amount of
$55,000.
(l) December 31, 20XX—Paid Pacific Bell Telephone Company $750 for telephone
services.
(m) December 31, 20XX—To expense prepaid insurance in the amount of $9,000.
(n) December 31, 20XX—To expense arts and crafts supplies in the amount of $2,000
Exercise 4.1
Table 4.9 is a list of the transactions for the Portland After School Program for the
second six months of operations. Prepare the journal entr ...