Question
The Kare Counseling Center was incorporated as a not-for-profit organization 10 years ago. Its adjusted trial balance as of June 30, 2023, follows. Debits Credits
The Kare Counseling Center was incorporated as a not-for-profit organization 10 years ago. Its adjusted trial balance as of June 30, 2023, follows. Debits Credits Cash $ 113,900 Pledges ReceivableWithout Donor Restrictions 42,400 Estimated Uncollectible Pledges $ 5,500 Inventory 4,200 Investments 192,000 Furniture and Equipment 224,000 Accumulated DepreciationFurniture and Equipment 127,000 Accounts Payable 21,920 Net Assets Without Donor Restrictions 197,900 Net Assets With Donor RestrictionsPrograms 51,900 Net Assets With Donor RestrictionsPermanent Endowment 154,000 ContributionsWithout Donor Restrictions 350,220 ContributionsWith Donor RestrictionsPrograms 39,500 Investment IncomeWithout Donor Restrictions 10,600 Net Assets Released from RestrictionsWith Donor Restrictions 36,000 Net
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