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Jefferson Animal Rescue is a private not-for-profit clinic and shelter tor abandsned domesticiated animals, chiofly dogs and cats. At the end of 2016 , the organivation had the following account halances: The following took place during 2017 : 1. Additional supplics were purchased on account in the amount of $18.000 2. Unconditional (and mnrestricted) plcdges of support were received totaling $95,000. In light of a declining economy. 4 percent is expected to be uncollcetible. The remainder is expected to be collected in 2017. 3. Supplies used fox amimal care amounted to $16,700. 4. Payments made on accounts payable amounted to \$\$. $.800. 5. Cash collected from pledges totaled $90,500. 6. Salaries were paid in the arrount of $47.500. Tneluded in this amount is the acerued wages payable at the end of 2016 . (T7)e portion of wagcs expense atributable to administrarive expense is $15,000, and fundraising expense is $2,00O. The remainder is for animal care.) 7. Jefferson Animal Rescte entered an agreemont with KAR; (hammel 7 News, to find more homes for shalke pets. this special adoption program highlights a shclter aninal in need of a hone on the evoning nows the tirst Thursday of cach month. The program was inifially funded by a restricted gift. During 2017. Jefierson Animal Rescue paid $1,800 (\$150 per month) for the producion of the monihiy videos. Tn December 2017 , the original doncr unconditionally plelged to support the project for an additional 20 months by promising lo pay \$3,6OO in January 2018 (al1 of this is expected to be collectible). 8. The shelter's building was partially financed by a bank note with an anmal interest rate of 6 percont. Inturust toraling $1.500 was paid duxing 2017. Interost is displayed as orher Charnes in the Statement of Nctivilics. 9. Amimal medical equipment was purchnsed during the yeut in the smount ot $5,200. Funding carre from n special capital campaign conclucicict in 2010 Aciclitional information includes: 1O. Depreciation for the year amnumiced to $6,000. The portion of clepreciation expense ntributable to aclministrative is \$2,0OO, and the remainder is related 10 animal care.) 11. Unpaid wages relating to the final week of the ycar totaled \$GGO (all animal care). Using the information above and the Excel template provided: cr. Prepare journat entries and post entries to the T-aceounts. b. Prepare closing entrics. c. Prepare a Stalcment of Aerivilies, Statement of Finameinl Position. and Statement of Cash Flows For the year ending Decernber 31.2017

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