According to the trial balance below: Unrestricted Current Fund Account Title Debit Credit Cash 11,000...
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 of program restrictions | 3,000 | |
| 17,000 | 17,000 | |
| Endowment Fund | ||
| Account Title | Debit | Credit |
| Investments | 47,000 | |
| Permanently restricted support-contributions | 50,000 | |
| Permanently restricted losses-unrealized investment losses | 3,000 | |
| 50,000 | 50,000 | |
Complete the following template :
| With Donor Restrictions | |
| Revenues, Gains and Other Support: | |
| Contributions | |
| Donated services | |
| Investment income | |
| Realized/Unrealized investment gains(losses) | |
| Net assets released from restrictions: satisfaction of program restrictions | |
| Total Revenues, Gains and Other Support: | |
| Expenses: | |
| Care of animals expense | |
| Special programs expense | |
| Administrative expenses | |
| Total expenses | |
| Changes in net assets | |
| Net assets, beginning of year | |
| Net assets, end of year |
Homework Answers
| Revenues, Gains and Other Support: | |
| Contributions | 1,15,000 |
| Donated services | 10,000 |
| Investment income | 1,000 |
| Realized/Unrealized investment gains(losses)* | -1,000 |
| Net assets released from restrictions: satisfaction of program restrictions | -3,000 |
| Total Revenues, Gains and Other Support: | 1,22,000 |
| Expenses: | |
| Care of animals expense | 50,000 |
| Special programs expense | 3,000 |
| Administrative expenses | 30,000 |
| Total expenses | 83,000 |
| Changes in net assets | 39,000 |
| Net assets, beginning of year *** | 1,09,000 |
Net Assets end of the Year 1,48,000
Note
* Realized/ Unrealized Investment Gain Or Loss = Unrestricted Unrealized Investment Gain 2000
Restricted realized Investment Loss -3000 -1000
** Net assets released from restrictions: satisfaction of program restrictions
*** Net Assets equal to Unrestricted Current Fund
Cash 11,000
Contribution Receiable 20,000
Less: Allowance 5,000 15,000
Investment 22,000 48,000
Restricted Current Fund
Cash 14,000
Investment 47,000
Net Assets beginning of the Year 1,09,000
Add Answer to:
According to the trial balance below: Unrestricted Current Fund Account Title Debit Credit Cash 11,000...
Solve the learning tree. Credit 5,000 115,000 10,000 1,000 2,000 3,000 Learning Tree Preclosing Trial Balance...
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can u do the statement of activities and balance sheet Gixser Pet Rescue Center Trial Balance...
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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...
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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...
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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...
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
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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...
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