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Transaction 1: CGWO receives $1,500,000 in cash associated with a donor-restricted pledge made in the prior year. At this point, all restrictions have been deemed

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Transaction 1: CGWO receives $1,500,000 in cash associated with a donor-restricted pledge made in the prior year. At this point, all restrictions have been deemed to have been met. Therefore, in addition to the entry to record the cash, you should also recognize the net assets released from restriction. Transaction 2: CGWO receives $474,966.25 in cash related to grants receivable. Transaction 3: CGWO receives various cash contributions, pledges, and in-kind contributions. The following table presents these contributions: Contribution Type: Without restrictions donor With restrictions donor Cash $4,165,977.50 $650,000.00 Pledges receivable 0.00 694,786.25 In-kind contributions 122,641.25 0.00 Total $4,983,405.00 $1,344.786.25 The in-kind contributions represent donations of services by licensed professionals. These services would have otherwise been purchased and should therefore result in an expense for professional services related to management and general activities of the organization. Transaction 4: CGWO receives total grant revenues of $4,048,455a state grant of $195,000 and the balance from federal grants. There are no restrictions associated with the grants. Transaction 5: CGWO received cash payments of $82,057.50 for membership dues and $377,996.25 for program service fees. Transaction 6: CGWO has an unrealized gain of $866,673.75 on its main operating investment account, not the one associated with an endowment.

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Capitol Good Works Organization Chart of Accounts and Other Useful Reference Information \begin{tabular}{|c|c|c|c|} \hline \begin{tabular}{c} General \\ Ledger Code \end{tabular} & Account Description & \begin{tabular}{c} General \\ Ledger Code \end{tabular} & Account Description \\ \hline 11000 & Cash & 41001 & Contributions \\ \hline 12000 & Investments & 41002 & In kind contributions \\ \hline 13000 & Pledges receivable & 42000 & Net Assets released from restriction \\ \hline 14000 & Grants receivable & 43001 & State grant revenues \\ \hline 15000 & Other receivables & 43002 & Federal grant revenues \\ \hline 16000 & Prepaid expenses & 44001 & Membership dues \\ \hline 17001 & Land & 44002 & Program service fees \\ \hline 17002 & Buildings and improvements & 45000 & Investment earnings \\ \hline 17003 & Leasehold improvements & 51001 & Salaries \\ \hline 17004 & Equipment & 51002 & Payroll taxes \\ \hline 17500 & Accumulated depreciation & 51003 & Employee benefits \\ \hline 18000 & Investments endowment & 52001 & Professional Services \\ \hline 21000 & Line of credit & 52002 & Supplies \\ \hline 22000 & Accounts payable & 52003 & Telephone \\ \hline 24000 & Lease incentive liability & 52004 & Postage and shipping \\ \hline 25000 & Notes payable & 52005 & Rent \\ \hline \multirow[t]{8}{*}{31000} & Net Assets & 52006 & Printing and artwork \\ \hline & & 52007 & Local transportation \\ \hline & & 52008 & Conferences, Meeting and Conventions \\ \hline & & 52009 & Scholarships, assistance to individuals \\ \hline & & 52011 & Depreciation expense \\ \hline & & 52012 & Interest expense \\ \hline & & 52013 & Other expense \\ \hline & & 60000 & Gain or Loss \\ \hline \end{tabular} \begin{tabular}{|r|l|} \hline \multicolumn{2}{|l|}{ Program Codes } \\ \hline 100 & Physical and Social Development \\ \hline 200 & Supplementary Education \\ \hline 300 & Community Development and Organization \\ \hline 400 & Scholarships \\ \hline 500 & Management and General \\ \hline 600 & Fundraising \\ \hline \end{tabular} \begin{tabular}{|r|l|} \hline \multicolumn{2}{|l|}{ Restriction Codes } \\ \hline 1 & Without donor restrictions \\ \hline 2 & With donor restrictions \\ \hline \end{tabular} Transactions for the Fiscal Year Ended 12/31/2021 Transaction 1 Transaction 2 Transaction 3 Transaction 4 Transaction 5 Transaction 6

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