Creating A Statement Of Financial Position
Create a statement of financial position as of Decemeber 31, 2009, with three net assets classes displayed.
TABLE 8.17 A Nonprofits Accounting Transactions Account # Description unt# Debit $52,000 $3,457 $50 $25,000 $50,000 $10,000 $20,000 $5,000 $7,500 $100,000 $80,000 $10,000 38. $250,000 1 - 11110 1 - 11111 1 - 11112 1 - 11113 1 - 11200 1 - 11201 1 - 11310 1 - 11320 1 - 11330 1 - 12110 1 - 12111 1 - 12210 1 - 12211 1 - 13110 1 - 21110 1 - 21111 1 - 21210 1 - 21410 1 - 31110 1 - 31112 1 - 31113 1 - 41110 1 - 41111 1-41210 1 - 41211 1 - 41210 1 - 41510 1 - 51110 1 - 51111 1 - 51112 1 - 51210 1 - 51310 1 - 51311 Cash-Operating Cash-Payroll Petty Cash Cash-Money Market-Restricted Govt. Grants Receivable Govt. Grants Receivable-Restricted Foundations Receivable Corporations Receivable Individuals Receivable Facility Facility-Accum. Dep. Equipment Equipment-Accum. Dep. Long-Term Investments Accounts Payable Accrued Salary Deferred Revenue Facility Loan Fund Balance-Unrestricted Fund Balance-Temp. Rest. Fund Balance-Perm. Rest. Federal Grants (Program Inc.) State Grants (Program Inc.) Foundation Contributions Corporation Contributions Individual Contributions Investment Income-Op. Salaries-Management Salaries-Staff Salaries Other Payroll Taxes Health Insurance Disability Insurance $35,175 $2.500 $5.000 $20,000 $149,32 $35.000 $200,000 $400,000 $300,000 $729,00 $125,000 $185,000 $10.00 $300,000 $700,000 $100,000 $67,000 $200,000 $25,000 Financial Tools for Informed Decision Making Account ! Credit 1-51410 1-51411 1-51412 1-51413 1-51414 1-51417 1-51420 Description Program Services Depreciation Facility Depreciation Equipment Custodial Costs Interest Supplies-Admin. Legal Fees Accounting Fees Miscellaneous Total Debit $200,000 $10,000 $1,000 $110,000 $1,000 $6,500 $1,500 $4,000 $14,000 $2,273,007 1-51421 1-51422 $2,273,007 HSSIGNMENTS all three of the following assignments, use the accounting transactions pro- vided in Table 8.17. CMENT 8.1. CREATING A STATEMENT FINANCIAL POSITION Weate a statement of financial asset classes displayed. of financial position as of December 31, 2009, with the three 38* 8oU NAMENT 8.2. CREAT Ce a stale a statement of activities for 31,2009. Use major te - CREATING A STATEMENT OF ACTIVITIES mes for the period January 1, 2009, through Decem- ajor revenue and expense categories only. TABLE 8.17 A Nonprofits Accounting Transactions Account # Description unt# Debit $52,000 $3,457 $50 $25,000 $50,000 $10,000 $20,000 $5,000 $7,500 $100,000 $80,000 $10,000 38. $250,000 1 - 11110 1 - 11111 1 - 11112 1 - 11113 1 - 11200 1 - 11201 1 - 11310 1 - 11320 1 - 11330 1 - 12110 1 - 12111 1 - 12210 1 - 12211 1 - 13110 1 - 21110 1 - 21111 1 - 21210 1 - 21410 1 - 31110 1 - 31112 1 - 31113 1 - 41110 1 - 41111 1-41210 1 - 41211 1 - 41210 1 - 41510 1 - 51110 1 - 51111 1 - 51112 1 - 51210 1 - 51310 1 - 51311 Cash-Operating Cash-Payroll Petty Cash Cash-Money Market-Restricted Govt. Grants Receivable Govt. Grants Receivable-Restricted Foundations Receivable Corporations Receivable Individuals Receivable Facility Facility-Accum. Dep. Equipment Equipment-Accum. Dep. Long-Term Investments Accounts Payable Accrued Salary Deferred Revenue Facility Loan Fund Balance-Unrestricted Fund Balance-Temp. Rest. Fund Balance-Perm. Rest. Federal Grants (Program Inc.) State Grants (Program Inc.) Foundation Contributions Corporation Contributions Individual Contributions Investment Income-Op. Salaries-Management Salaries-Staff Salaries Other Payroll Taxes Health Insurance Disability Insurance $35,175 $2.500 $5.000 $20,000 $149,32 $35.000 $200,000 $400,000 $300,000 $729,00 $125,000 $185,000 $10.00 $300,000 $700,000 $100,000 $67,000 $200,000 $25,000 Financial Tools for Informed Decision Making Account ! Credit 1-51410 1-51411 1-51412 1-51413 1-51414 1-51417 1-51420 Description Program Services Depreciation Facility Depreciation Equipment Custodial Costs Interest Supplies-Admin. Legal Fees Accounting Fees Miscellaneous Total Debit $200,000 $10,000 $1,000 $110,000 $1,000 $6,500 $1,500 $4,000 $14,000 $2,273,007 1-51421 1-51422 $2,273,007 HSSIGNMENTS all three of the following assignments, use the accounting transactions pro- vided in Table 8.17. CMENT 8.1. CREATING A STATEMENT FINANCIAL POSITION Weate a statement of financial asset classes displayed. of financial position as of December 31, 2009, with the three 38* 8oU NAMENT 8.2. CREAT Ce a stale a statement of activities for 31,2009. Use major te - CREATING A STATEMENT OF ACTIVITIES mes for the period January 1, 2009, through Decem- ajor revenue and expense categories only
