Business, 25.10.2019 01:43 emilypzamora11
On december 27, 2019, roberta purchased twelve tickets to a charity ball sponsored by the city of san diego for the benefit of underprivileged children. each ticket cost $400 and had a fair market value of $80. on the same day as the purchase, roberta gave the tickets to the minister of her church for personal use by his family. at the time of the gift of the tickets, roberta pledged $12,050 to the building fund of her church. the pledge was satisfied by a check dated december 31, 2019, but not mailed until january 3, 2020. prepare the journal entries to record the transactions.
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On december 27, 2019, roberta purchased twelve tickets to a charity ball sponsored by the city of sa...
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