3. Depreciation of $9,000 is recorded on various plant items. 4. Equipment was purchased for $18,000, with payment due in 30 days from donor-restricted resources. Mental Health Clinic elects to...


3. Depreciation of $9,000 is recorded on various plant items.


4. Equipment was purchased for $18,000, with payment due in 30 days from donor-restricted resources. Mental Health Clinic elects to release the donor restriction upon acquisition of the equipment.


5. The liability for the equipment purchased in item (4) was paid.



May 02, 2022
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