recording and categorizing transactions

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Use the spreadsheet shown in Table 6.4 to list the following February transactions for the Access to Learning nonprofit organization

â– â–  On February 1, the nonprofit paid $20,000 in salaries.

â– â–  On February 2, the nonprofit used $5,000 in cash to pay down its accounts payable by that amount.

â– â–  On February 5, the nonprofit received $5,000 in cash from a foundation, and that donation had previously been recorded in accounts receivable.

â– â–  On February 10, the executive director talked to a foundation program officer who said that the foundation would be giving a $25,000 grant to the non- profit within the next two months.

â– â–  On February 15, the nonprofit incurred another $1,000 in salaries payable

. â– â–  On February 20, the nonprofit received $5,000 in cash from pledges.

â– â–  On February 22, the nonprofit received a second payment of $10,000 from the $50,000 foundation grant.

â– â–  On February 23, the nonprofit conducted the workshops for $10,000 that was paid in January, and the payment had been recorded as deferred revenue.

â– â–  On February 24, the nonprofit made a mortgage payment of $5,000 plus $500 in mortgage interest.

â– â–  On February 25, the nonprofit bought $500 worth of books with cash.

Answer should be completed in exel

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