Ask Experts Questions for FREE Help !
Ask
    ncmbc2345's Avatar
    ncmbc2345 Posts: 1, Reputation: 1
    New Member
     
    #1

    Apr 8, 2019, 05:39 AM
    How to record a donation for services rendered
    We are a 501c3 church. We had a furnace replaced by a heating and cooling company. The bill was $4000.00. They only charged us $2000.00 but wanted the remainder applied towards a donation. My question is, how do I record that?

Check out some similar questions!

Services rendered for credit [ 6 Answers ]

If services are rendered for credit, then: a) assets will decrease b)liabilites will increase c)owner's equity will increase d)liabilities will decrease

If services are rendered for credit then? [ 1 Answers ]

What account is affected if a company received 2000 in revenue for services rendered and 1000 is still owed?

Donate for services rendered is it legal to do in a 501 (3) (c) [ 4 Answers ]

Services paid through a donation rather than a fee is it legal to do

If services are rendered for credit, then [ 2 Answers ]

If services are rendered for credit, then

Charitable Donation of Services - How to Record [ 1 Answers ]

I own a computer software development company and we also provide web hosting services for our clients. We recently donated a years worth of hosting services to three churches and I was wondering how best to record this in our accounting system? I started by creating an invoice with a line item...


View more questions Search
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.