Assignment ledger entries
Journal of the Portland after School Program
July 1, 20XX–December 31, 20XX
(a) July 1, 20XX— Received unrestricted donation check in the amount of $15,000 from
the Multnomah County Department of Health and Human Services.
Debited Cash $15,000
Credited Revenue $15,000
(b) July 19, 20XX—Paid Great Northwest Insurance Company $9,000 for six more
months of fire and liability insurance coverage.
Debited Prepaid Insurance $9,000
Credited Cash $9,000
(c) July 15, 20XX—Paid Portland Arts & Crafts Company $3,000 for additional arts and
crafts supplies.
Debited Arts & Craft Supplies $3,000
Credited Cash $3 ...