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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
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 |
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Corporate Finance Text And Cases
Authors: Vishwanath S. R.
3rd Edition
9353282896, 978-9353282899
