60.1K

Verified Solution

Link Copied!

Based on the attached trial balance, please prepare for the NFP the following: 1) Statement of Financial Postion; 2) Statement of Activities; and 3) Statement of Functional Expenses, consistent with the methodology reflected in the current course and required under Topic 958. Fair Housing and Medical Assistance, NFP Adjusted (pre-closing) Trial Balance As of December 31, 2017 Program/Supp Svc. Debit Credit Cash and cash equiv.; without donor rest. 86,416 Cash and cash equiv., with donor rest. 45,687 Contributions receivable, net, without donor rest. 166,298 Contributions receivable, net, with donor rest. 13,875 Grants receivable current, without donor rest. 8,125 Grants receivable current, with donor rest. 172,458 Inventory, supplies 916,181 Prepaid expenses 21,906 Capital assets, net of accumulated depreciation 3,044,737 Pledge receivable, noncurrent, without donor rest. 4,000 Pledge receivable, noncurrent, with donor rest. 10,000 Accounts payable 21,183 Accrued payroll and employee benefits 167,928 Deferred grant revenue, with donor rest. 172,458 Capital lease obligations 7,629 Net assets without donor rest. 3,572,196 Net assets with donor restrictions 366,755 Net assets released from restriction 325,867 325,867 Revenue Program A 1,095,172 Revenue Program B 181,433 Revenue Program C 8,096 Revenue Program D 173,686 Investment income 194,869 Contributions 1,310,597 Grants, with Donor Restrictions 28,674 Salaries and wages Program A 771,004 Salaries and wages Program B 164,131 Salaries and wages Program D 180,509 Volunteer services Program A 117,177 Facilities, Misc. Program B 8,856 Facilities, Misc. Program C 22,965 Facilities, Misc. Program D 242 Facilities, Misc. Administrative 165,967 Development Fundraising 151,257 Employee benefits, taxes and other Program A 205,773 Employee benefits, taxes and other Program B 36,999 Employee benefits, taxes and other Program C 7,403 Employee benefits, taxes and other Program D 43,566 Employee benefits, taxes and other Administrative 35,181 Employee benefits, taxes and other Fundraising 30,156 Consulting Expense Program A 78,683 Consulting Expense Program B 6,365 Consulting Expense Program C 1,806 Consulting Expense Program D 4,111 Consulting Expense Administrative 17,634 Consulting Expense Fundraising 2,263 Depreciation Program A 89,035 Depreciation Program B 1,472 Depreciation Program D 74 Depreciation Administrative 22,259 Rents and leases Program A 113,508 Rents and leases Progam B 8,197 Rents and leases Program C 56,028 Rents and leases Program D 30,057 Rents and leases Administrative 16,374 Rents and leases Fundraising 27,781 Utilities & supplies Program A 63,228 Utilities & supplies Progam B 83,627 Utilities & supplies Program C 57,951 Utilities & supplies Program D 11,048 Utilities & supplies Administrative 17,926 Utilities & supplies Fundraising 3,220 Events Fundraising 136,015 Grant-writing Fundraising 20,400 Loss on disposal of assets 745 Totals 7,626,543 7,626,543
				7,626,543 7,626,543

Answer & Explanation Solved by verified expert

See Answer