1. Statement of Financial Position

Use the data in the trial balance to complete this statement.

2. Statement of Activities

In addition to the information provided in the trial balance, use the following information about the nonprofit to prepare the Statement of Activities.

a. Salaries and Fringe Benefit Expenses were allocated to Program Services and Supporting Expenses in the following percentages:

I. Program 1: 40%

II. Program 2: 20%

III. Program 3: 10%

IV. Management and General: 20%

V. Fund-Raising: 10%

b. Rent and Utility, Supplies, Printing and Publishing, and Telephone and Postage Expenses were allocated in the same manner as Salaries and Fringe Benefit Expenses.

c. Depreciation Expense is divided equally to each functional expense category.

3. Statement of Cash Flows

In addition to the information in the trial balance and the information that was prepared in the Statement of Financial Position and Statement of Activities, use the following information to prepare the Statement of Cash Flows.

a. The organization had $163,314 of cash on hand at the beginning of the year.

b. During the year, the organization received cash from contributors: $340,800 that was unrestricted and $38,100 that was restricted for the purchase of equipment for the center.

c. It had $11,200 of income earned and received on long term investments.

d. The organization spent cash of $288,410 on salaries and fringe benefits, $22,000 on the purchase of equipment, and $86,504 for operating expenses.

e. Other pertinent information is as follows: net pledges receivable increased $6,000, inventory increased $1,000, accounts payable decreased $102,594, and there were no salaries payable at the beginning of the year.

Cash (debit) $156,500

Pledges Receivable-Without Donor Restrictions (debit) $41,000

Estimated Uncollectible Pledges (credit) $4,100

Inventory (debit) $2,800

Investments (debit) $178,000

Furniture and Equipment (debit) $210,000

Accumulated Depreciation-Furniture and Equipment (credit) $120,000

Accounts Payable (credit) $20,520

Net Assets Without Donor Restrictions (credit) $196,500

Net Assets With Donor Restrictions-Programs (credit) $50,500

Net Assets With Donor Restrictions-Permanent Endowment (credit) $140,000

Contributions-Without Donor Restrictions (credit) $378,820

Contributions-With Donor Restrictions-Programs (credit) $38,100

Investment Income-Without Donor Restrictions (credit) $11,200

Depreciation Expense (debit) $30,000

Printing and Publishing Expense (debit) $4,190

Rent and Utility Expense (debit) $32,000

Salaries and Fringe Benefit Expense (debit) $288,410

Supplies Expense (debit) $5,940

Telephone and Postage Expense (debit) $4,500

Utilities Expense (debit) $6,400

Totals $959,740 (debit) $959,740 (credit)