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Required information Skip to question [ The following information applies to the questions displayed below. ] The Kare Counseling Center was incorporated as a not
Required information Skip to question The following information applies to the questions displayed below. The Kare Counseling Center was incorporated as a notforprofit organization years ago. Its adjusted trial balance as of June follows. Debits Credits Cash $ Pledges ReceivableWithout Donor Restrictions Estimated Uncollectible Pledges $ Inventory Investments Furniture and Equipment Accumulated DepreciationFurniture and Equipment Accounts Payable Net Assets Without Donor Restrictions Net Assets With Donor RestrictionsPrograms Net Assets With Donor RestrictionsPermanent Endowment ContributionsWithout Donor Restrictions ContributionsWith Donor RestrictionsPrograms Investment IncomeWithout Donor Restrictions Net Assets Released from RestrictionsWith Donor Restrictions Net Assets Released from RestrictionsWithout 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 $ $ Salaries and fringe benefits were allocated to program services and supporting services in the following percentages: counseling services, percent; professional training, percent; community service, percent; management and general, percent; and fundraising, 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. The organization had $ of cash on hand at the beginning of the year. During the year, the center received cash from contributors: $ that was unrestricted and $ that was restricted for the purchase of equipment for the center. It had $ of income earned and received on longterm investments. The center spent cash of $ on salaries and fringe benefits, $ on the purchase of equipment for the center, and $ for operating expenses. Other pertinent information follows: net pledges receivable increased $ inventory increased $ accounts payable decreased $ and there were no salaries payable at the beginning of the year. Required Prepare a statement of expenses by nature and function for the year ended June KARE COUNSELING CENTER Statement of Expenses by Nature and Function Year Ended June tableProgram Services,Supporting Services,All ServicestableCounselingServicestableProfessionalTrainingtableCommunityServicesTotal,tableManagementand GeneralFundRaising,Total$$$$$$$$
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The following information applies to the questions displayed below.
The Kare Counseling Center was incorporated as a notforprofit organization years ago. Its adjusted trial balance as of June follows.
Debits Credits
Cash $
Pledges ReceivableWithout Donor Restrictions
Estimated Uncollectible Pledges $
Inventory
Investments
Furniture and Equipment
Accumulated DepreciationFurniture and Equipment
Accounts Payable
Net Assets Without Donor Restrictions
Net Assets With Donor RestrictionsPrograms
Net Assets With Donor RestrictionsPermanent Endowment
ContributionsWithout Donor Restrictions
ContributionsWith Donor RestrictionsPrograms
Investment IncomeWithout Donor Restrictions
Net Assets Released from RestrictionsWith Donor Restrictions
Net Assets Released from RestrictionsWithout 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 $ $
Salaries and fringe benefits were allocated to program services and supporting services in the following percentages: counseling services, percent; professional training, percent; community service, percent; management and general, percent; and fundraising, 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.
The organization had $ of cash on hand at the beginning of the year. During the year, the center received cash from contributors: $ that was unrestricted and $ that was restricted for the purchase of equipment for the center. It had $ of income earned and received on longterm investments. The center spent cash of $ on salaries and fringe benefits, $ on the purchase of equipment for the center, and $ for operating expenses. Other pertinent information follows: net pledges receivable increased $ inventory increased $ accounts payable decreased $ and there were no salaries payable at the beginning of the year.
Required
Prepare a statement of expenses by nature and function for the year ended June KARE COUNSELING CENTER
Statement of Expenses by Nature and Function
Year Ended June
tableProgram Services,Supporting Services,All ServicestableCounselingServicestableProfessionalTrainingtableCommunityServicesTotal,tableManagementand GeneralFundRaising,Total$$$$$$$$
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