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A Skilled Carpenter Repaired the Roof of the Administrative Building

Question 55

Multiple Choice

A skilled carpenter repaired the roof of the administrative building for a private not-for-profit free of charge. The not-for-profit would have had to pay $2,000 for this service if not donated.What entry should the not-for-profit make?


A) No entries are required for this event.
B) Supporting Service expense $2,000 Contribution revenue $2,000
C) Capital Expenditures $2,000 Contribution revenue $2,000
D) Building $2,000 Contribution revenue $2,000

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