Problem
Nonprofit of America needs to allocate utilities to the different funds that are set up as classes. They also have set up a class named "To be allocated."
How do you recommend they allocate the utilities?
1. By posting the expenditure to the Utilities expense and the To be allocated class. At month end, they should use a zero dollar expense and allocate total utilities for the month to the funds as a positive number and to the To be allocated class as a negative number using the Utilities account
2. By posting the expenditure to the Utilities expense and the To be allocated class. At month end, they should use a zero dollar expense and allocate total utilities for the month to the funds as a negative number and to the To be allocated class as a positive number using the Utilities account
3. By posting the expenditure to Uncategorized Expense and the To be allocated class. At month end, they should use a zero dollar deposit and allocate total utilities for the month to the funds as a positive number and to the To be allocated class as a negative number using the Utilities account
4. By posting the expenditure to Uncategorized Expense and the To be allocated class. At month end, they should use a zero dollar expense and allocate total utilities for the month to the funds as a negative number and to the To be allocated class as a positive number using the Utilities account.