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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 ie 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 to December of operations were as follows:
Transaction January : CASH bought a car. The car cost was $ and CASH paid for it when the car was received.
Transaction January : CASH received a $ payment from a pledge made last year.
Transaction March : CASH paid out a $ annual fee to the American Association of Animal Shelter and Habitats
Transaction June : CASH collected $ in new donations. CASH can use this $ for any purpose because donors did not impose any restrictions on the donations.
Transaction July : CASH received a letter from a donor. The letter said that the donor promises to make a gift of $ which can be used for any purpose. Based on CASHs data on historical patterns of donors behavior, CASH expected that it could collect percent of this pledge.
Transaction September : CASH bought drugs, pills $ 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 October : CASH used pills to provide medical services for dogs and cats.
Transaction November CASH borrowed $ from IU Credit Union on a note payable.
Transaction December : CASH repaid $ on the note payable, and also $ in interest expenditures
Transaction December : CASH paid its employees $ of wages in cash.
Transaction December : CASH expects that $ of the pledge will not be corrected.
Transaction December : CASH recognizes depreciation on the car that it purchased on January this year. The car has a year useful life and a $ salvage value. CASH uses straightline depreciation.
Transaction December :While CASH received gift income, it also received earned income, which is fees for pet training services. CASH received $ 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 ie 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 to December of operations were as follows:
Transaction January : CASH bought a car. The car cost was $ and CASH paid for it when the car was received.
Transaction January : CASH received a $ payment from a pledge made last year.
Transaction March : CASH paid out a $ annual fee to the American Association of Animal Shelter and Habitats
Transaction June : CASH collected $ in new donations. CASH can use this $ for any purpose because donors did not impose any restrictions on the donations.
Transaction July : CASH received a letter from a donor. The letter said that the donor promises to make a gift of $ which can be used for any purpose. Based on CASHs data on historical patterns of donors behavior, CASH expected that it could collect percent of this pledge.
Transaction September : CASH bought drugs, pills $ 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 October : CASH used pills to provide medical services for dogs and cats.
Transaction November CASH borrowed $ from IU Credit Union on a note payable.
Transaction December : CASH repaid $ on the note payable, and also $ in interest expenditures
Transaction December : CASH paid its employees $ of wages in cash.
Transaction December : CASH expects that $ of the pledge will not be coTransaction Decem
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