Exercise_10_13_solution - Jefferson Animal Rescue a private not-for-profit journal entries and General ledger Jefferson Animal Rescue bb 5 1 2 3 Account

Exercise_10_13_solution - Jefferson Animal Rescue a private...

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Jefferson Animal Rescue - a private not-for-profit journal entries and General ledger PLEDGES ESTIMATED CASH RECEIVABLE UNCOLLECTIBLE PLEDGES SUPPLIES Jefferson Animal Rescue bb 25,000 bb 3,500 - bb bb 4,000 5 94,500 17,725 4 2 95,000 2,850 2 1 17,020 December 31, 2015 47,000 6 94,500 5 16,700 3 1,800 7 7 3,000 Account Title Debits Credits 1,500 8 1 Supplies 17,020 5,550 9 7,000 2,850 4,320 Accounts payable 17,020 2 Pledges Receivable 95,000 Estimated uncollectible pledges 2,850 45,925 Contribution revenue - unrestricted 92,150 ACCUMULATED 3 Program expense - animal care 16,700 LAND BUILDINGS & EQUIP DEPRECIATION ACCOUNTS PAYABLE WAGES PAYABLE Supplies 16,700 bb 41,000 19,300 bb 5,800 bb 500 bb 9 5,550 6,000 10 17,020 1 6 500 4 Accounts payable 17,725 4 17,725 686 11 Cash 17,725 5 Cash 94,500 46,550 25,300 5,095 686 Pledges Receivable 94,500 NET ASSETS TEMPORARILY NET ASSETS TEMPORARILY UNRESTRICTED 6 Fund-raising expense 2,000 BANK NOTE PAYABLE RESTRICTED - KDAC PRGM RESTRICTED - CAPT ASSETS NET ASSETS Administrative expense 15,000 25,000 bb 2,500 bb 7,200 bb 13,200 bb Program expense - animal care 29,500 Wages payable 500 Cash 47,000 25,000 2,500 7 Program expense - KDAC program 1,800 7,200 13,200 Cash 1,800 UNRESTRICTED REVENUE TEMPORARILY RESTRICTED OTHER CHANGES REVENUE: Reclassification from temp. restricted net assets 1,800 CONTRIBUTIONS REVENUE-CONTRIBUTIONS INTEREST EXPENSE CHARGES FOR SERVICE

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