2nd time posting, Please help!! q2

Prepare journal entries to record the transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entriec I Program Services Circulating Library Expenses Research Library Expenses Exhibits Expenses Community Services Expenses Total Program Services Support Services General and Administrative Expenses Fund Raising Expenses Total Support Services Total Expenses Increase (decrease) in Net Assets Fund Balances - Beginning of Year Fund Balances - End of Year $ 4. Cash 75830 Investment Income 75830 5. Circulating Library Expenses 171150 Research Library Expenses 68690 Exhibits Expenses 13700 Community Services Expenses 11500 General and Administrative Expenses 180260 Fund Raising Expenses 97100 Accounts Payable and Accrued Expenses 6. Accounts Payable and Accrued Expenses 539200 Cash 7. Research Library Expenses 5420 General and Administrative Expenses 2760 Accounts Payable and Accrued Expenses Accounts Payable and Accrued Expenses Crane Library, a nonprofit organization, presented the following statement of financial position and statement of activities for its fiscal year ended February 28,2024. Crane Library Statement of Financial Position February 28, 2024 \begin{tabular}{|c|c|c|} \hline Assets & Unrestricted & TemporarilyRestricted \\ \hline \multicolumn{3}{|l|}{ Current Assets } \\ \hline Cash & $298,000 & $77,000 \\ \hline Grants Receivable & 82,000 & \\ \hline Prepaid Expenses & 64,000 & \\ \hline Total & 444,000 & \\ \hline Investments (at market) & 1,015,000 & \\ \hline Land,Building,andEquipment(lessaccumulateddepreciationof$58,776) & 487,000 & \\ \hline Total Assets & $1,946,000 & $77,000 \\ \hline \end{tabular} Liabilities and Fund Balances Current Liabilities \begin{tabular}{lr} Accounts Payable and Accrued Expenses & $163,000 \\ \cline { 2 - 2 } Total & 163,000 \\ Long-Term Debt & 184,000 \end{tabular} Liabilities and Fund Balances Current Liabilities Accounts Payable and Accrued Expenses Total Liabilities Long-term Debt Fund Balance Total Liabilities and Fund Balances $ CRANE LIBRARY Statement of Activities For Year Ended February 28, 2025 WithoutDonorRestrictionsWithdonorRestrictions Support \& Revenue Support Support Revenue - Grants Support Revenue - Gifts Total Support Revenue Service Fees Revenue Book Rentals and Fines Revenue Investment Income Total Revenue Realized Gains on Investments Total Revenue, Gains and Other Support $ $ $ $ 6. During the year, $539,200 worth of vouchers were paid. Adjustment Data 7. Accounts Payable and Accrued Expenses at February 28, 2025, should be $174,380. The difference should be allocated to the following expenses: 9. The current market value of the investments is $1,028,880 (no investment transactions occurred). 10. Depreciation amounted to $8,776 for the year. It should be allocated as follows: 11. Prepaid Expenses should be $58,809. The difference should be allocated to: \begin{tabular}{|c|c|c|} \hline CranStatemenforYearEnded & arytivities28,2024 & \\ \hline Support and Revenue & Unrestricted & TemporarilyRestricted \\ \hline Support & & \\ \hline Grants & $67,000 & $0 \\ \hline Gifts & 273,000 & 77,000 \\ \hline Total & 340,000 & 77,000 \\ \hline Revenue & & \\ \hline Service Fees & 23,000 & \\ \hline Book Rentals and Fines & 104,000 & \\ \hline Investment Income & 75,000 & \\ \hline Total & 202,000 & 0 \\ \hline Total Support and Revenue & $542,000 & $77,000 \\ \hline Expenses & & \\ \hline Program Services & & \\ \hline Circulating library & $206,000 & \\ \hline Research library & 88,000 & \\ \hline Exhibits & 19,000 & \\ \hline Community services & 10,000 & \\ \hline Total & 323,000 & 0 \\ \hline Supporting Services & & \\ \hline General and administrative & 172,000 & \\ \hline Fund raising & 111,000 & \\ \hline \end{tabular} Prepare the statement of financial position and the statement of activities for the year ended February 28, 2025. (Enter negative amounts using either a negative sign preceding the number, e.g. -45 or parentheses, e.g. (45).) 8. Net Assets Released from Restrictions (To release funds from restricted into unrestricted assets) Cash - Unrestricted (To receive funds into unrestricted from restricted assets) 9. Investments Realized Gains on Investments 10. Circulating Library Expenses Research Library Expenses General and Administrative Expenses Accumulated Depreciation 11. Exhibits Expenses General and Administrative Expenses 64310 13880 3300 3063 2413 1228 64310