E13-24 Prepare Financial Statements [LO 13-4] [The following information applies to the questions displayed below.] The Kare Counseling Center was incorporated as a not-for-profit voluntary health and welfare organization 10 years ago. Its adjusted trial balance as of June 30, 2017, follows Credits Debits $ 116,600 Cash Pledges Receivable-Unrestricted Estimated Uncollectible Pledges Inventory Investments Furniture and Equipment Accumulated Depreciation-Furniture and Equipment Accounts Payable Unrestricted Net Assets Temporarily Restricted Net Assets Permanently Restricted Net Assets Contributions-Unrestricted Contributions-Temporarily Restricted Investment Income-Unrestricted Net Assets Released from Restrictions-Temporarily Restricted Net Assets Released from Restrictions-Unrestricted Salaries and Fringe Benefit Expense Occupancy and Utility Expense Supplies Expense Printing and Publishing Expense Telephone and Postage Expense Unrealized Gain on Investments Depreciation Expense 42,100 $ 5,200 3,900 189,000 221,000 125,500 21,620 197,600 51,600 151,000 349,920 39,200 10,300 33,000 33,000 289,510 39,500 8,040 5,290 4,600 3,100 35,500 Totals $988,040 $988,040 E13-24 Prepare Financial Statements [LO 13-4] [The following information applies to the questions displayed below.] The Kare Counseling Center was incorporated as a not-for-profit voluntary health and welfare organization 10 years ago. Its adjusted trial balance as of June 30, 2017, follows Credits Debits $ 116,600 Cash Pledges Receivable-Unrestricted Estimated Uncollectible Pledges Inventory Investments Furniture and Equipment Accumulated Depreciation-Furniture and Equipment Accounts Payable Unrestricted Net Assets Temporarily Restricted Net Assets Permanently Restricted Net Assets Contributions-Unrestricted Contributions-Temporarily Restricted Investment Income-Unrestricted Net Assets Released from Restrictions-Temporarily Restricted Net Assets Released from Restrictions-Unrestricted Salaries and Fringe Benefit Expense Occupancy and Utility Expense Supplies Expense Printing and Publishing Expense Telephone and Postage Expense Unrealized Gain on Investments Depreciation Expense 42,100 $ 5,200 3,900 189,000 221,000 125,500 21,620 197,600 51,600 151,000 349,920 39,200 10,300 33,000 33,000 289,510 39,500 8,040 5,290 4,600 3,100 35,500 Totals $988,040 $988,040