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enter amounts directly into a table where accural accountiing roles for noonprofits work Suppose you are a financial manager in a nonprofit organization named Concern

enter amounts directly into a table where accural accountiing roles for noonprofits work Suppose you are a financial manager in a nonprofit organization named Concern for Animal Shelter and Habitats (CASH). The organization places homeless animals in permanent homes. You need to record financial transactions on the transaction worksheet during the fiscal year and then need to prepare (or generate) an Activity Statement (i.e., Income Statement) based on the transaction worksheet at the end of the fiscal year. To generate an Activity Statement, you need to select transaction records that have effects on the Activity Statement. Then, you need to generate an Activity Statement using these selected records.
Transactions during this fiscal year (January 1 to December 31,2024) of operations were as follows:
Transaction 1. January 1: CASH bought a car. The car cost was $100 and CASH paid for it when the car was received.
Transaction 2. January 22: CASH received a $300 payment from a pledge made last year.
Transaction 3. March 15: CASH paid out a $50 annual fee to the American Association of Animal Shelter and Habitats
Transaction 4. June 14: CASH collected $80 in new donations. CASH can use this $80 for any purpose because donors did not impose any restrictions on the donations.
Transaction 5. July 2: CASH received a letter from a donor. The letter said that the donor promises to make a gift of $120, which can be used for any purpose. Based on CASHs data on historical patterns of donors behavior, CASH expected that it could collect 100 percent of this pledge.
Transaction 6. September 5: CASH bought drugs, 60 pills ($2 per pill), for dog and cat. They paid half now, and still owe the other half, to be paid at the end of the year
Transaction 7. October 7: CASH used 35 pills to provide medical services for dogs and cats.
Transaction 8. November 14. CASH borrowed $75 from IU Credit Union on a note payable.
Transaction 9. December 6: CASH repaid $25 on the note payable, and also $3 in interest expenditures
Transaction 10. December 24: CASH paid its employees $95 of wages in cash.
Transaction 11. December 25: CASH expects that $5 of the pledge will not be corrected.
Transaction 12. December 31: CASH recognizes depreciation on the car that it purchased on January 1 this year. The car has a 10-year useful life and a $20 salvage value. CASH uses straight-line depreciation.
Transaction 13. December 31:While CASH received gift income, it also received earned income, which is fees for pet training services. CASH received $60 from customers in advance. While CASH has not provided any training services yet, it will provide the service to those customers next year enter amounts directly into a table where accural accountiing roles for noonprofits work Suppose you are a financial manager in a nonprofit organization named Concern for Animal Shelter and Habitats (CASH). The organization places homeless animals in permanent homes. You need to record financial transactions on the transaction worksheet during the fiscal year and then need to prepare (or generate) an Activity Statement (i.e., Income Statement) based on the transaction worksheet at the end of the fiscal year. To generate an Activity Statement, you need to select transaction records that have effects on the Activity Statement. Then, you need to generate an Activity Statement using these selected records.
Transactions during this fiscal year (January 1 to December 31,2024) of operations were as follows:
Transaction 1. January 1: CASH bought a car. The car cost was $100 and CASH paid for it when the car was received.
Transaction 2. January 22: CASH received a $300 payment from a pledge made last year.
Transaction 3. March 15: CASH paid out a $50 annual fee to the American Association of Animal Shelter and Habitats
Transaction 4. June 14: CASH collected $80 in new donations. CASH can use this $80 for any purpose because donors did not impose any restrictions on the donations.
Transaction 5. July 2: CASH received a letter from a donor. The letter said that the donor promises to make a gift of $120, which can be used for any purpose. Based on CASHs data on historical patterns of donors behavior, CASH expected that it could collect 100 percent of this pledge.
Transaction 6. September 5: CASH bought drugs, 60 pills ($2 per pill), for dog and cat. They paid half now, and still owe the other half, to be paid at the end of the year
Transaction 7. October 7: CASH used 35 pills to provide medical services for dogs and cats.
Transaction 8. November 14. CASH borrowed $75 from IU Credit Union on a note payable.
Transaction 9. December 6: CASH repaid $25 on the note payable, and also $3 in interest expenditures
Transaction 10. December 24: CASH paid its employees $95 of wages in cash.
Transaction 11. December 25: CASH expects that $5 of the pledge will not be coTransaction 12. Decem
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