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ACCOUNTING FOR GOVERNMENTAL AND NONPROFIT ORGANIZATIONS HANDOUT PROBLEM 5 Score Name Section Problem (10 points). Provided below is a trial balance for the Newcastle Marina

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ACCOUNTING FOR GOVERNMENTAL AND NONPROFIT ORGANIZATIONS HANDOUT PROBLEM 5 Score Name Section Problem (10 points). Provided below is a trial balance for the Newcastle Marina Capital Projects Fund. Attached are the transactions that relate to the 20X4-20X5 fiscal year. NEWCASTLE MARINA CAPITAL PROJECTS FUND TRIAL BALANCE AT JULY 1, 20x4 Debits Credits 30,000 Cash Investments Contracts Payable--Retained Percentage Fund Balance--Committed For Construction Fund Balance--Restricted For Construction 500,000 10,000 500,000 20,000 530,000 530,000 S Totals

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