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I am seeking guidance and help for the following problem. Any help appreciated. Required information [The following information applies to the questions displayed below.] The

I am seeking guidance and help for the following problem. Any help appreciated.

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Required information [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, 2020, follows. Credits Debits $ 111,200 42,700 $ 5,800 4,500 195,00 227,000 Cash Pledges Receivable-Without Donor Restrictions Estimated Uncollectible Pledges Inventory Investments Furniture and Equipment Accumulated Depreciation-Furniture and Equipment Accounts Payable Net Assets Without Donor Restrictions Net Assets With Donor Restrictions-Programs Net Assets With Donor Restrictions-Permanent Endowment Contributions Without Donor Restrictions Contributions-With Donor Restrictions-Programs Investment Income-Without Donor Restrictions Net Assets Released from Restrictions with Donor Restrictions Net Assets Released from Restrictions-Without Donor Restrictions 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 Totals 128,500 22, 220 198,288 52,200 157,eee 350, 520 39,888 10,900 39, eee 39, eee 299, 110 40,100 8,648 5.890 5,200 3,700 38,580 $1,687,840 $1, e87,840 1. Salaries and fringe benefits were allocated to program services and supporting services in the following percentages: counseling services, 30 percent; professional training, 20 percent, community service, 10 percent, management and general, 20 percent, and fund-raising. 20 percent. Occupancy and utility, supplies. printing and publishing. and telephone and postage expenses were allocated to the programs in the same manner as salaries and fringe benefits. Depreciation expense was divided equally among all five functional expense categories. 2. The organization had $173.814 of cash on hand at the beginning of the year. During the year, the center received cash from contributors: $304.000 that was unrestricted and $39.800 that was restricted for the purchase of equipment for the center. It had $10.900 of Income earned and receved on long-term Investments. The center spent cash of $290,110 on salaries and fringe benefits, $39,000 on the purchase of equipment for the center, and $88,204 for operating expenses. Other pertinent Information follows: net pledges recevable Increased $4.100. Inventory Increased $2,700, accounts payable decreased $107.894, and there were no salaries payable at the beginning of the year. c. Prepare a statement of activities for the year ended June 30, 2020. (Amounts to be deducted should be Indicated with a minus sign.) KARE COUNSELING CENTER Statement of Activities Year Ended June 30, 2020 Without Donor Restrictions With Donor Restrictions Total Revenues, Gains, and Other Support: $ OOOOOO 0 0 Total Revenues, Gains, and Other Support Expenses and Losses Program Services: 0 0 0 0 0 0 Total Program Expenses Support Expenses: 0 0 0 0 0 0 0 0 Total Support Expenses Total Expenses and Losses Change in Net Assets Net Assets, July 1, 2019 Net Assets, June 30, 2020 0 0 0 0 0 $ $ 0 $ 0 Required information [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, 2020, follows. Credits Debits $ 111,200 42,700 $ 5,800 4,500 195,00 227,000 Cash Pledges Receivable-Without Donor Restrictions Estimated Uncollectible Pledges Inventory Investments Furniture and Equipment Accumulated Depreciation-Furniture and Equipment Accounts Payable Net Assets Without Donor Restrictions Net Assets With Donor Restrictions-Programs Net Assets With Donor Restrictions-Permanent Endowment Contributions Without Donor Restrictions Contributions-With Donor Restrictions-Programs Investment Income-Without Donor Restrictions Net Assets Released from Restrictions with Donor Restrictions Net Assets Released from Restrictions-Without Donor Restrictions 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 Totals 128,500 22, 220 198,288 52,200 157,eee 350, 520 39,888 10,900 39, eee 39, eee 299, 110 40,100 8,648 5.890 5,200 3,700 38,580 $1,687,840 $1, e87,840 1. Salaries and fringe benefits were allocated to program services and supporting services in the following percentages: counseling services, 30 percent; professional training, 20 percent, community service, 10 percent, management and general, 20 percent, and fund-raising. 20 percent. Occupancy and utility, supplies. printing and publishing. and telephone and postage expenses were allocated to the programs in the same manner as salaries and fringe benefits. Depreciation expense was divided equally among all five functional expense categories. 2. The organization had $173.814 of cash on hand at the beginning of the year. During the year, the center received cash from contributors: $304.000 that was unrestricted and $39.800 that was restricted for the purchase of equipment for the center. It had $10.900 of Income earned and receved on long-term Investments. The center spent cash of $290,110 on salaries and fringe benefits, $39,000 on the purchase of equipment for the center, and $88,204 for operating expenses. Other pertinent Information follows: net pledges recevable Increased $4.100. Inventory Increased $2,700, accounts payable decreased $107.894, and there were no salaries payable at the beginning of the year. c. Prepare a statement of activities for the year ended June 30, 2020. (Amounts to be deducted should be Indicated with a minus sign.) KARE COUNSELING CENTER Statement of Activities Year Ended June 30, 2020 Without Donor Restrictions With Donor Restrictions Total Revenues, Gains, and Other Support: $ OOOOOO 0 0 Total Revenues, Gains, and Other Support Expenses and Losses Program Services: 0 0 0 0 0 0 Total Program Expenses Support Expenses: 0 0 0 0 0 0 0 0 Total Support Expenses Total Expenses and Losses Change in Net Assets Net Assets, July 1, 2019 Net Assets, June 30, 2020 0 0 0 0 0 $ $ 0 $ 0

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