Creating the account of the unrestricted fund, Financial Accounting

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Creating the account of the unrestricted fund

Response to the following problem:

During 20X1, Open Hospital's unrestricted fund received $18,000 cash from its specific-purpose funds. Of this total, $13,000 was for charity service and $5,000 for research activities. How should the $18,000 be recorded in the accounts of the unrestricted fund?

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Financial Accounting: Creating the account of the unrestricted fund

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Financial Accounting: Creating the account of the unrestricted fund

Reference No:- TGS02088937

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