- Joined
- Mar 26, 2017
- Messages
- 1
- Reaction score
- 0
- Country
my nonprofit is hosting a 5k. We solicit and receive gift certificates from business in exchange for businesses receiving acknowledgement on our race website page as a prize sponsor. These prizes will be given to the top 3 finishers and the rest will be given out as raffle prizes to any participating racer. Each person who pays the registration fee to participate in the 5k will be given a free raffle ticket.
How do I enter the prizes received and given out as an accounting journal entry?
How do I enter the prizes received and given out as an accounting journal entry?