Question

Complete an Annual statement of Revenue and Expenses with the following information: Office Supplies Rent Payroll Insurance Donations Internet Phones Bank charges Audit Government funding Book sales Sponsorships Travel Membership fees Professional development Workshop fees Fundraising Photocopier lease Postage Computers/technology Promotions $1500.00 $12,300.00 $153,984.00 $3,800.00 $13,500.00 $13,000.00 $900.00 $673.00 $12,000.00 $180,000.00 $550.00 $3,000.00 $1,483.00 $550.00 $3500.00 $9,500.00 $16,450.00 $1800.00 $445.00 $5,380.00 Board/Committee Expenses Miscellaneous Income Resources Contractors $462.00 $135.00 $50.00 $678.00 $8900.00

Answer 1

Answer:

Annual Statement of Revenu and Expenses:

Particulars	Amount
Income
Fundraising	$          16,450
Workshop Fees	$            9,500
Professional Development	$            3,500
Book Sales	$               550
Sponsorships	$            3,000
Membership Fees	$               550
Miscellaneous Income	$                  50
Total Income (A)	$          33,600
Expenses
Payroll Expenses	$       1,53,984
Rent Expenses	$          12,300
Donations	$          13,500
Internet Expenses	$          13,000
Audit Fee	$          12,000
Contractors	$            8,900
Office Supplies	$            1,500
Insurance	$            3,800
Phones	$               900
Bank Charges	$               673
Travel Expenses	$            1,483
Photocpier Lease	$            1,800
Postage	$               445
Promotions	$               462
Board/Committee Expenses	$               135
Resources	$               678
Total Expenses (B)	$      2,25,560
Net Income Or Loss (A-B)	-$      1,91,960
Net Loss	$      1,91,960

Note:Government Funding is Ignored since it is a capital fund and Computers are Ignored since it is an asset.

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