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NFP Financial Reporting You will have 2 deliverables for this assignment: ( 1 ) Part A: Excel Spreadsheet Part A: Snowflake Community Symphony Orchestra had
NFP Financial Reporting
You will have deliverables for this assignment: Part A: Excel Spreadsheet
Part A:
Snowflake Community Symphony Orchestra had the following transactions for the year:
A fund drive raised $ cash and $ in pledges that will be paid within one year.
A business donated rentfree space for the organization that would typically rent for $ per year.
Volunteers contributed $ of their time to help with mailing materials, answering phones, and other clerical functions.
Salaries and fringe benefits of $ were paid during the year, and an additional $ of salaries and fringe benefits were accrued.
The Symphony incurred the following expenses during the year: Utilities $; Supplies $; and telephone $ There were no supplies at the end of the year, and accounts payable of $ remained on the books.
Part A Deliverable:
In an Excel Spreadsheet prepare journal entries to record the transactions. Label each entry clearly and use Excel formulas for all calculated numbers.
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