Hi Shrugal,

I am having issues with question. Would you be able to help me?

Jefferson Animal Rescue - a private not-for-profit journal entries and General ledger Jefferson Animal Rescue bb CASH 25,000 bb PLEDGES RECEIVABLE 3,500 ESTIMATED UNCOLLECTIBLE PLEDGES - bb bb SUPPLIES 4,000 December 31, 2015 Account Title Debits Credits 1 3,500 - 4,000 25,000 bb LAND BUILDINGS & EQUIP 41,000 ACCUMULATED DEPRECIATION 19,300 41,000 bb ACCOUNTS PAYABLE 5,800 bb 19,300 BANK NOTE PAYABLE 25,000 bb 5,800 NET ASSETS TEMPORARILY NET ASSETS TEMPORARILY RESTRICTED - KDAC PRGM RESTRICTED - CAPT ASSETS 2,500 7,200 bb bb 25,000 WAGES PAYABLE 500 500 UNRESTRICTED NET ASSETS 13,200 TEMPORARILY RESTRICTED OTHER CHANGES REVENUE-CONTRIBUTIONS INTEREST EXPENSE ADMIN EXPENSE RECLASSIFICATION FROM TEMP RESTR. - bb 2,500 7,200 UNRESTRICTED REVENUE CONTRIBUTIONS bb FUND RAISING EXPENSE - RECLASSIFICATION TO UNRESTRICTED NET ASSETS - REVENUE: CHARGES FOR SERVICES - - PROGRAM EXPENSE ANIMAL CARE - 13,200 PROGRAM EXPENSE KDAV TV PROGRAM - Check that these equal after posting each journal entry Total Debit Balances 73,500 Total Credit Balances 73,500 Closing Entries Jefferson Animal Rescue a private not-for-profit December 31, 2015 Account Title Debits Credits UNRETRICTED NET ASSETS 13,200 Preclosing closing entry 13,200 NET ASSETS TEMPORARILY RESTRICTED - KDAC PRGM 2,500 Preclosing closing entry 2,500 NET ASSETS TEMPORARILY RESTRICTED - CAPT ASSETS 7,200 Preclosing closing entry 7,200 financial statements Jefferson Animal Rescue Statement of Activities For the year ended 12-31-2015 Temporarily Unrestricted Restricted Revenues Contributions Net assets released from restriction: Satisfaction of program restrictions Satisfaction of capital asset restrictions Total Revenues and Other Support Total $ - - - - Operating Expenses Animal Care KDAC TV program Administration Fundraising Total Operating Expenses - - - Change in net assets from operations - - - Other changes (expenses) Interest Expense Total nonoperating revenue (expense) - - - - - - $ - $ - Change in Net Assets Net Assets- Beginning of Year Net Assets - End of Year $ Jefferson Animal Rescue Statement of Cash Flows for the year ended 12-31-2015 Jefferson Animal Rescue Statement of Financial Position As of 12-31-2015 CASH FLOWS FROM OPERATING ACTIVITIES Change in Net Assets Depreciation expense Increase in pledges receivable (net) Decrease in supplies Decrease in accounts payable Increase in wages payable Other Net cash provided by operating activities Assets Cash Pledges receivable (net) Supplies Inventory total current assets - CASH FLOWS FROM FINANCING ACTIVITIES Borrowings this period Net cash provided by l financing activities - CASH FLOWS FROM INVESTING ACTIVITIES $ Liabilities Accounts payable Wages payable total current liabilities - - Bank note payable Purchase of land buildings and equipment Net cash provided from investing activities Increase in cash Cash and cash equivalents beginning of year Cash and cash equivalents end of year Land building and equipment Less: accumulated depreciation Total Assets - - $ - Total Liabilities Net assets Unrestricted Temporarily restricted for: KDAC TV program Purchase of capital assets Total Net Assets Total Liabilities and Net Assets - $