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Following are the adjusted current funds trial balances of Community Association for Children With Disabilities, a voluntary health and welfare organization, on June 30, 20X4: COMMUNITY ASSOCIATION FOR CHILDREN WITH DISABILITIES Adjusted Current Funds Trial Balances June 30, 20X4 Without Donor With Donor Restrictions Restrictions Debit Credit Debit 9,000 5,000 Credit Cash 40,000 Bequest Receivable Pledges Receivable 12,000 1,000 100,000 Accrued Interest Receivable Investments (at market) Accounts Payable & Accrued Expenses Deferred Revenue 50,000 2,000 3,000 $ 1,000 Allowance for Uncollectible Pledges Fund Balances, July 1, 20X3: Designated Undesignated With Donor Restrictions 12,000 26,000 23,000 Transfers of Expired Endowment Fund Principal Contributions 20,000 20,000 300,000 25,000 15,000 Membership Dues Program Service Fees 30,000 10,000 Investment Income Deaf Children's Program Expenses Blind Children's Program Expenses Management and General Services Fund-raising Services 120,000 4,000 1,000 45,000 ৪, 000 2,000 $ 478,000 Provision for Uncollectible Pledges Total 478,000 $ 39,000 $ 39,000 a. Prepare a statement of activities for the year ended June 30, 20X4. (Amounts to be deducted should be indicated by a minus sign.) COMMUNITY ASSOCIATION FOR CHILDREN WITH DISABILITIES Statement of Activities Year Ended June 30, 20X4 Without Donor Restrictions With Donor Restrictions Public support and revenue: Public support: Revenue: Net assets released from: Total support and revenue 2$ O $ Expenses: Program services: Total program services Supporting services Total supporting services Total expenses $ Fund balances, July 1, 20X3 Fund balances, June 30, 20X4 $ O $

Following are the adjusted current funds trial balances of Community Association for Children With Disabilities, a voluntary health and welfare organization, on June 30, 20X4: COMMUNITY ASSOCIATION FOR CHILDREN WITH DISABILITIES Adjusted Current Funds Trial Balances June 30, 20X4 Without Donor With Donor Restrictions Restrictions Debit Credit Debit 9,000 5,000 Credit Cash 40,000 Bequest Receivable Pledges Receivable 12,000 1,000 100,000 Accrued Interest Receivable Investments (at market) Accounts Payable & Accrued Expenses Deferred Revenue 50,000 2,000 3,000 $ 1,000 Allowance for Uncollectible Pledges Fund Balances, July 1, 20X3: Designated Undesignated With Donor Restrictions 12,000 26,000 23,000 Transfers of Expired Endowment Fund Principal Contributions 20,000 20,000 300,000 25,000 15,000 Membership Dues Program Service Fees 30,000 10,000 Investment Income Deaf Children's Program Expenses Blind Children's Program Expenses Management and General Services Fund-raising Services 120,000 4,000 1,000 45,000 ৪, 000 2,000 $ 478,000 Provision for Uncollectible Pledges Total 478,000 $ 39,000 $ 39,000 a. Prepare a statement of activities for the year ended June 30, 20X4. (Amounts to be deducted should be indicated by a minus sign.) COMMUNITY ASSOCIATION FOR CHILDREN WITH DISABILITIES Statement of Activities Year Ended June 30, 20X4 Without Donor Restrictions With Donor Restrictions Public support and revenue: Public support: Revenue: Net assets released from: Total support and revenue 2$ O $ Expenses: Program services: Total program services Supporting services Total supporting services Total expenses $ Fund balances, July 1, 20X3 Fund balances, June 30, 20X4 $ O $

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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b. Prepare a statement of financial position as of June 30, 20X4. COMMUNITY ASSOCIATION FOR CHILDREN WITH DISABILITIES Statement of Financial Position June 30, 20X4 Assets Total assets Liabilities Total liabilities Net assets: $ Total net assets Total liabilities and net assets %24 %24 %24
Transcribed Image Text:b. Prepare a statement of financial position as of June 30, 20X4. COMMUNITY ASSOCIATION FOR CHILDREN WITH DISABILITIES Statement of Financial Position June 30, 20X4 Assets Total assets Liabilities Total liabilities Net assets: $ Total net assets Total liabilities and net assets %24 %24 %24
Following are the adjusted current funds trial balances of Community Association for Children With Disabilities, a voluntary health and welfare organization, on June 3O, 20X4: COMMUNITY ASSOCIATION FOR CHILDREN WITH DISABILITIES Adjusted Current Funds Trial Balances June 30, 20X4 Without Donor Restrictions With Donor Restrictions Debit Debit Credit Credit Cash 40,000 9,000 5,000 Bequest Receivable Pledges Receivable Accrued Interest Receivable 12,000 1,000 100,000 Investments (at market) Accounts Payable & Accrued Expenses Deferred Revenue 50,000 2,000 1,000 Allowance for Uncollectible Pledges Fund Balances, July 1, 20X3: 3,000 Designated Undesignated With Donor Restrictions Transfers of Expired Endowment Fund Principal Contributions 12,000 26,000 23,000 20,000 20,000 300,000 25,000 30,000 10,000 15,000 Membership Dues Program Service Fees Investment Income Deaf Children's Program Expenses Blind Children's Program Expenses Management and General Services Fund-raising Services Provision for Uncollectible Pledges 120,000 150,000 4,000 45,000 8,000 1,000 2,000 Total $ 478,000 478,000 $ 39,000 $ 39,000 a. Prepare a statement of activities for the year ended June 30, 20X4. (Amounts to be deducted should be indicated by a minus sign.) COMMUNITY ASSOCIATION FOR CHILDREN WITH DISABILITIES Statement of Activities Year Ended June 30, 20X4 Without Donor With Donor Restrictions Restrictions Public support and revenue: Public support: Revenue: Net assets released from: Total support and revenue $ O $ Expenses: Program services: Total program services Supporting services Total supporting services Total expenses $ Fund balances, July 1, 20X3 Fund balances, June 30, 20X4 $ wwwwwww
Transcribed Image Text:Following are the adjusted current funds trial balances of Community Association for Children With Disabilities, a voluntary health and welfare organization, on June 3O, 20X4: COMMUNITY ASSOCIATION FOR CHILDREN WITH DISABILITIES Adjusted Current Funds Trial Balances June 30, 20X4 Without Donor Restrictions With Donor Restrictions Debit Debit Credit Credit Cash 40,000 9,000 5,000 Bequest Receivable Pledges Receivable Accrued Interest Receivable 12,000 1,000 100,000 Investments (at market) Accounts Payable & Accrued Expenses Deferred Revenue 50,000 2,000 1,000 Allowance for Uncollectible Pledges Fund Balances, July 1, 20X3: 3,000 Designated Undesignated With Donor Restrictions Transfers of Expired Endowment Fund Principal Contributions 12,000 26,000 23,000 20,000 20,000 300,000 25,000 30,000 10,000 15,000 Membership Dues Program Service Fees Investment Income Deaf Children's Program Expenses Blind Children's Program Expenses Management and General Services Fund-raising Services Provision for Uncollectible Pledges 120,000 150,000 4,000 45,000 8,000 1,000 2,000 Total $ 478,000 478,000 $ 39,000 $ 39,000 a. Prepare a statement of activities for the year ended June 30, 20X4. (Amounts to be deducted should be indicated by a minus sign.) COMMUNITY ASSOCIATION FOR CHILDREN WITH DISABILITIES Statement of Activities Year Ended June 30, 20X4 Without Donor With Donor Restrictions Restrictions Public support and revenue: Public support: Revenue: Net assets released from: Total support and revenue $ O $ Expenses: Program services: Total program services Supporting services Total supporting services Total expenses $ Fund balances, July 1, 20X3 Fund balances, June 30, 20X4 $ wwwwwww
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