The following are taken from the Chart of Accounts for the Veteran Community Hospital, a Voluntary Health & Welfare Organization (VHWO). Prepare a Statement of Activities showing where each item would be placed on the financial statement.
Program Services – Counseling
Net Assets, December 31, 2001
Net Assets Released From Restrictions
Contributions
Program Service Fees
Support Expenses – Management
Change in Net Assets
Net Assets, December 31, 2000
Program Services – Outreach
Support Expenses – Fundraising
Put into the order of what it would like like on a financial statement
Homework Answers
|
Statement of Activities |
|||
|
Veteran Community Hospital |
|||
|
01-01-2001 to 31-12-2001 |
|||
|
Without Donor Restrictions |
With Donor Restrictions |
Total |
|
|
Revenues & Other Support |
|||
|
Contributions |
|||
|
Program Service Fees |
|||
|
Program Services – Counseling |
|||
|
Program Services – Outreach |
|||
|
Net Assets Released From Restriction |
|||
|
Total Revenues |
|||
|
Expenses |
|||
|
Support Expenses – Management |
|||
|
Support Expenses – Fundraising |
|||
|
Total Expenses |
|||
|
Change In Net Assets |
|||
|
Net Assets, December 31, 2000 |
|||
|
Net Assets, December 31, 2001 |
|||
Add Answer to:
The following are taken from the Chart of Accounts for the
Veteran Community Hospital, a Voluntary...
The Kare Counseling Center was incorporated as a not-for-profit voluntary health and welfare organization 10 years ago. Its adjusted trial balance as of June 30, 2020, follows.
The Kare Counseling Center was incorporated as a not-for-profit voluntary health and welfare organization 10 years ago. Its adjusted trial balance as of June 30, 2020, follows. DebitsCreditsCash$123,800Pledges Receivable—Without Donor Restrictions41,300Estimated Uncollectible Pledges$4,400Inventory3,100Investments181,000Furniture and Equipment213,000Accumulated Depreciation—Furniture and Equipment121,500Accounts Payable20,820Net Assets Without Donor Restrictions196,800Net Assets With Donor Restrictions—Programs50,800Net Assets With Donor Restrictions—Permanent Endowment143,000Contributions—Without Donor Restrictions349,120Contributions—With Donor Restrictions—Programs38,400Investment Income—Without Donor Restrictions9,500Net Assets Released from Restrictions—With Donor Restrictions25,000Net Assets Released from Restrictions—Without Donor Restrictions25,000Salaries and Fringe Benefit Expense288,710Occupancy and Utility Expense38,700Supplies Expense7,240Printing and Publishing...
9. The Kare Counseling Center was incorporated as a not-for-profit voluntary health and welfare organization 10...
9. The Kare Counseling Center was incorporated as a
not-for-profit voluntary health and welfare organization 10 years
ago. Its adjusted trial balance as of June 30, 2020, follows.
Debits $126,500 41,000 Cash Pledges Receivable-Without Donor Restrictions Estimated Uncollectible Pledges Inventory Investments Furniture and Equipment Accumulated Depreciation-Furniture and Equipment Accounts Payable Net Assets Without Donor Restrictions Net Assets With Donor Restrictions-Programs Net Assets With Donor Restrictions-Permanent Endowment Contributions-Without Donor Restrictions Contributions-With Donor Restrictions-Programs Investment Income-Without Donor Restrictions Net Assets Released from...
Required information The following information applies to the questions displayed below. INVOLVE was incorporated as a not-for-profit voluntary health and welfare organization on January 1, 202...
Required information The following information applies to the questions displayed below. INVOLVE was incorporated as a not-for-profit voluntary health and welfare organization on January 1, 2020. During the fiscal year ended December 31, 2020, the following transactions occurred. 1. A business donated rent-free office space to the organization that would normally rent for $35,300 a year 2. A fund drive raised $186,500 in cash and $103,000 in pledges that will be paid within one year. A state government grant of...
Hello. I need help with parts b) and c) below. Part b) is the "Statement of...
Hello. I need help with parts b) and c) below.
Part b) is the "Statement of Activities." Can you tell me what
the correct amount should go into the "red x" that appears (explain
please)? Also, can you tell me if I am missing any revenue accounts
or expense accounts?
Part c) is the "Statement of Financial Position". Can you tell
me what the correct amounts should go into the "red x" that appears
(explain please)? Also, can you tell...
In a nonprofit, nongovernmental hospital, courtesy allowances are charity care services. revenue deductions. expenses. revenues earned...
In a nonprofit, nongovernmental hospital, courtesy allowances are charity care services. revenue deductions. expenses. revenues earned even if the standard charge is above or below the allowance. 3.75 points QUESTION 3 The key focus of government fund accounting concerns the current ability to provide and fund services and goods. capital expenditures. income measurement. intergovernmental transfers from the general fund. 3.75 points QUESTION 4 Voluntary health and welfare organizations are supported by, and provide voluntary services to, the public....
Preparation of not-for-profit journal entries and financial statements Music and Math Camp, Inc. is a not-for-profit...
Preparation of not-for-profit journal entries and financial statements Music and Math Camp, Inc. is a not-for-profit organization dedicated to the development of music skills in kids through weekend and summer camp experiences. Research shows that learning to read music and play an instrument helps the brain work with the body leading to stronger memory and math skills. The organization reported the following post-closing trial balance at the end of last year: Beginning Balances: DR CR Cash $140,400 Investments 1,872,000 Contributions...
Solve the learning tree. Credit 5,000 115,000 10,000 1,000 2,000 3,000 Learning Tree Preclosing Trial Balance...
Solve the learning tree.
Credit 5,000 115,000 10,000 1,000 2,000 3,000 Learning Tree Preclosing Trial Balance December 31, 2015 Unrestricted Current Fund Account Title Debit Cash 11,000 Contributions receivable 20,000 Investments 22,000 Allowance for uncollectible contributions Unrestricted support-contributions Unrestricted support-donated services Unrestricted revenue-investment income Unrestricted gains-unrealized investment gains Unrestricted asset reclassifications in- satisfaction of program restrictions Care of animals expense 50,000 Special programs expense 3,000 Administrative expenses 30,000 136.000 Learning Tree Preclosing Trial Balance December 31,2015 Restricted Current Fund Account...
Statement of Activities: Debit Credit Cash $156,500 Pledges Receivable—Without Donor Restrictions 41,000 Estimated Uncollectible Pledges $4,100...
Statement of Activities: Debit Credit Cash $156,500 Pledges Receivable—Without Donor Restrictions 41,000 Estimated Uncollectible Pledges $4,100 Inventory 2,800 Investments 178,000 Furniture and Equipment 210,000 Accumulated Depreciation—Furniture and Equipment 120,000 Accounts Payable 20,520 Net Assets Without Donor Restrictions 196,500 Net Assets With Donor Restrictions—Programs 50,500 Net Assets With Donor Restrictions—Permanent Endowment 140,000 Contributions—Without Donor Restrictions 378,820 Contributions—With Donor Restrictions—Programs 38,100 Investment Income—Without Donor Restrictions 11,200 Depreciation Expense 30,000 Printing and Publishing Expense 4,190 Rent and Utility Expense 32,000 Salaries and Fringe...
INVOLVE was incorporated as a not-for-profit voluntary health and welfare organization on January 1, 2020. During the fi...
INVOLVE was incorporated as a not-for-profit voluntary health and welfare organization on January 1, 2020. During the fiscal year ended December 31, 2020, the following transactions occurred. A business donated rent-free office space to the organization that would normally rent for $35,600 a year. A fund drive raised $188,000 in cash and $106,000 in pledges that will be paid within one year. A state government grant of $156,000 was received for program operating costs related to public health education. Salaries...
Preparation of not-for-profit journal entries and financial statements Youth Camps, Inc. is a not-for-profit organization that...
Preparation of not-for-profit journal entries and financial statements Youth Camps, Inc. is a not-for-profit organization that owns a number of summer camps for inner-city children. At the end of last year, the organization reported the following trial balance: DR CR Cash Investments Contributions receivable Property, plant and equipment, net Payables Long-term liabilities Net assets—without donor restrictions Net assets with donor restrictions $333,000 4,440,000 962,000 2,220,000 $740,000 1,480,000 2,960,000 2,775,000 $7,955,000 $7,955,000 The investments are allocated as follows: 40% are unrestricted,...
9. The Kare Counseling Center was incorporated as a
not-for-profit voluntary health and welfare organization 10 years
ago. Its adjusted trial balance as of June 30, 2020, follows.
Debits $126,500 41,000 Cash Pledges Receivable-Without Donor Restrictions Estimated Uncollectible Pledges Inventory Investments Furniture and Equipment Accumulated Depreciation-Furniture and Equipment Accounts Payable Net Assets Without Donor Restrictions Net Assets With Donor Restrictions-Programs Net Assets With Donor Restrictions-Permanent Endowment Contributions-Without Donor Restrictions Contributions-With Donor Restrictions-Programs Investment Income-Without Donor Restrictions Net Assets Released from...
Required information The following information applies to the questions displayed below. INVOLVE was incorporated as a not-for-profit voluntary health and welfare organization on January 1, 2020. During the fiscal year ended December 31, 2020, the following transactions occurred. 1. A business donated rent-free office space to the organization that would normally rent for $35,300 a year 2. A fund drive raised $186,500 in cash and $103,000 in pledges that will be paid within one year. A state government grant of...
Hello. I need help with parts b) and c) below.
Part b) is the "Statement of Activities." Can you tell me what
the correct amount should go into the "red x" that appears (explain
please)? Also, can you tell me if I am missing any revenue accounts
or expense accounts?
Part c) is the "Statement of Financial Position". Can you tell
me what the correct amounts should go into the "red x" that appears
(explain please)? Also, can you tell...
Preparation of not-for-profit journal entries and financial statements Music and Math Camp, Inc. is a not-for-profit organization dedicated to the development of music skills in kids through weekend and summer camp experiences. Research shows that learning to read music and play an instrument helps the brain work with the body leading to stronger memory and math skills. The organization reported the following post-closing trial balance at the end of last year: Beginning Balances: DR CR Cash $140,400 Investments 1,872,000 Contributions...
Solve the learning tree.
Credit 5,000 115,000 10,000 1,000 2,000 3,000 Learning Tree Preclosing Trial Balance December 31, 2015 Unrestricted Current Fund Account Title Debit Cash 11,000 Contributions receivable 20,000 Investments 22,000 Allowance for uncollectible contributions Unrestricted support-contributions Unrestricted support-donated services Unrestricted revenue-investment income Unrestricted gains-unrealized investment gains Unrestricted asset reclassifications in- satisfaction of program restrictions Care of animals expense 50,000 Special programs expense 3,000 Administrative expenses 30,000 136.000 Learning Tree Preclosing Trial Balance December 31,2015 Restricted Current Fund Account...
Preparation of not-for-profit journal entries and financial statements Youth Camps, Inc. is a not-for-profit organization that owns a number of summer camps for inner-city children. At the end of last year, the organization reported the following trial balance: DR CR Cash Investments Contributions receivable Property, plant and equipment, net Payables Long-term liabilities Net assets—without donor restrictions Net assets with donor restrictions $333,000 4,440,000 962,000 2,220,000 $740,000 1,480,000 2,960,000 2,775,000 $7,955,000 $7,955,000 The investments are allocated as follows: 40% are unrestricted,...
Most questions answered within 3 hours.
-
Which of the following statements explains why the cost of
advertising might be relevant to a...
asked 2 minutes ago -
NO3- nitrate ion, what is the symmetry operationof rotation of
it?
asked 6 minutes ago -
Block A, with mass mA, is initially at rest on a frictionless
horizontal floor. Block B,...
asked 8 minutes ago -
Space shuttle astronauts each consume an average of 3000
calories per day. One meal normally consists...
asked 9 minutes ago -
A distribution center for a sporting goods retailer places
orders with manufacturers for a variety of...
asked 25 minutes ago -
Suppose you have a bag of Skittles with 27 blue Skittles, 18
green
Skittles, 32 red...
asked 27 minutes ago -
Sketch the circuit diagram for an inverting amplifier, and give
component values that will produce a...
asked 30 minutes ago -
Develop in C language the function whose prototype is described
below. Please, send the entire code,...
asked 48 minutes ago -
What single payment today would replace a payment stream of
$50,000 that will be paid today,...
asked 42 minutes ago -
please c++ with functions *Modify the Guessing Game Write the
secret number to a file. Then...
asked 42 minutes ago -
Question about ACID/BASE. Equal volumes of 0.230 M weak base (Kb
= 4.0× 10–9) and 0.230...
asked 47 minutes ago -
The charges and coordinates of two charged particles held fixed
in an xy plane are q1...
asked 50 minutes ago