Answer :
Learning tree Statement of Activities For the year ended December 31.2015 |
|||
Without Donor Restrictions | With Donor Restrictions | Total | |
Revenue, gain and other support | |||
Contributions | $115,000 | $67,000 | 182000 |
Contribution services | 10000 | - | 10000 |
Invested income | 1000 | - | 1000 |
Realized/Unrealized investment gain (losses) | 2000 | -3000 | -1000 |
Net assets released from restriction due to satisfaction of program restrictions | 3000 | -3000 | 0 |
Total revenue gain and other support | 131000 | $61,000 | 192000 |
Expenses : | |||
Care of animals expenses | 50000 | - | 50000 |
Special programs expenses | 3000 | - | 3000 |
Administrative expenses | 30000 | - | 30000 |
Total expenses | 83000 | - | 83000 |
Change in net assets | 48000 | $61,000 | 109000 |
Net assets, beginning of the year | - | - | - |
Net assets end of the year | 48000 | 61000 | 109000 |
Solve the learning tree. Credit 5,000 115,000 10,000 1,000 2,000 3,000 Learning Tree Preclosing Trial Balance...
According to the trial balance below: Unrestricted Current Fund Account Title Debit Credit Cash 11,000 Contributions receivable 20,000 Investments 22,000 Allowance for uncollectible contributions 5,000 Unrestricted support-contributions 115,000 Unrestricted support-donated services 10,000 Unrestricted revenue-investment income 1,000 Unrestricted gains-unrealized investment gains 2,000 Unrestricted asset reclassifications in-satisfaction of program restrictions 3,000 Care of animals expense 50,000 Special programs expense 3,000 Administrative expenses 30,000 136,000 136,000 Restricted Current Fund Account Title Debit Credit Cash 14,000 Temporarily support-contributions 17,000 Temporarily restricted asset reclassifications out-satisfaction...
The Ombudsman Foundation is a private not-for-profit organization providing training in dispute resolution and conflict management. The Foundation had the following preclosing trial balance at December 31, 2017, the end of its fiscal year: Trial Balance—December 31, 2017 Debits Credits Accounts payable $ 23,900 Accounts receivable (net) $ 45,800 Accrued interest receivable 15,800 Accumulated depreciation 3,313,400 Cash 111,100 Contributed services—unrestricted 25,500 Contributions—unrestricted 2,346,000 Contributions—temporarily restricted 796,000 Contributions—permanently restricted 2,704,000 Current pledges receivable (net) 76,500 Education program expenses 1,535,100 Fund-raising expense...
can u do the statement of activities and balance sheet Gixser Pet Rescue Center Trial Balance December 31, 2019 With Donor Restrictions Debit Credit 16,000 5, 000 20,000 5,000 Without Donor Restrictions Account Title Debit Credit Cash 30,000 Pledges receivable 10,000 Allowance for uncollectible pledges 3,000 Investments 32,000 Accrued interest receivable 1,000 Net assets, January 1 2019 67, 000 Contributions 10,000 Service Dog Program fees 45,000 Grant from Anonymous donor 50,000 Unrealized and realized gains on investments 2,000 Investment income...
do the statement of activities Gixser Pet Rescue Center Trial Balance December 31, 2019 With Donor Restrictions Debit Credit 16,000 5,000 20,000 5, 000 Without Donor Restrictions Account Title Debit Credit Cash 30,000 Pledges receivable 10,000 Allowance for uncollectible pledges 3,000 Investments 32, 000 Accrued interest receivable 1,000 Net assets, January 1 2019 67,000 Contributions 10,000 Service Dog Program fees 45, 000 Grant from Anonymous donor 50, 000 Unrealized and realized gains on investments 2,000 Investment income 1,000 Dog nutrition...
1 Exercise 10-10 The Ombudsman Foundation is a private not-for-profit organization providing training in dispute resolution and conflict management The Foundation had the following preclosing trial balance at December 31, 2017, the end of Its fiscal year 10 polnts Credits 25,300 Debits Trial Balance-December 31, 2817 Accounts payable Accounts receivable (net) Accrued interest receivable Accumulated depreciation Cash $ 48,608 16,700 eBook 3,502, 288 117,408 27,188 2,492,e0e 846,e08 2,872,e08 Contributed services-unrestricted Contributions-unrestricted Contributions-temporarily restricted Contributions-permanently restricted Currer Ask pledges receivable (net)...
At the end of last year, Company X reported the following trial balance: At year-end, the investments are allocated as follows: These investments earn a 3% cash return during the following year. During the following year, Company X received $2,240,000 of unrestricted donations, $224,000 of donations whose use is temporarily restricted by donors as to use, and $36,000 of donations that are permanently restricted (i.e., only the interest can be used to cover program expenses if so approved by the...
Select from the option list provided the most likely classification(s) of net assets, if any, that are affected by each transaction of a not-for-profit entity. The entity reports the minimum required classes of net assets. Each choice may be used once, more than once, or not at all. Transaction - Answer 1. Legally restricted gains. 2. Expenses reported by functional classification. 3. Contributions of services that do not create or enhance nonfinancial assets or require special skills. 4. Costs of...
Select from the option list provided the most likely classification(s) of net assets, if any, that are affected by each transaction of a not-for-profit entity. The entity reports the minimum required classes of net assets. Each choice may be used once, more than once, or not at all. Transaction - Answer 1. Legally restricted gains. 2. Expenses reported by functional classification. 3. Contributions of services that do not create or enhance nonfinancial assets or require special skills. 4. Costs of...
Presented below are financial statements (except cash flows) for two not-for-profit organizations. Neither organization has any permanently restricted net assets. ABC Not-for-Profit XYZ Not-for-Profit Statement of Activities Unrestricted Temporarily Restricted Unrestricted Temporarily Restricted Revenues Program service revenue $ 5,685,000 $ 2,178,200 Contribution revenues 3,380,900 $ 745,500 3,097,900 Grant revenue 95,400 $ 765,300 Net gains on endowment investments 17,800 Net assets released from restriction Satisfaction of program restrictions 457,800 (457,800 ) 364,900 (364,900 ) Total revenues 9,541,500 383,100 5,641,000 400,400 Expenses...
Presented below are financial statements (except cash flows) for two not-for-profit organizations. Neither organization has any permanently restricted net assets. ABC Not-for-Profit Temporarily Unrestricted Restricted XYZ Not-for-Profit Temporarily Unrestricted Restricted $5,655,000 3,363,100 $ 2,187,700 3,111,400 $ 744,800 95,300 $ 820,900 17,700 455, 200 9,491,000 (455,200) 384,900 366,500 5,665,600 (366,500) 454,400 Statement of Activities Revenues Program service revenue Contribution revenues Grant revenue Net gains on endowment investments Net assets released from restriction Satisfaction of program restrictions Total revenues Expenses Education program...