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Unformatted text preview: Debit Credit Cash 126,500 Pledges Receivable 41,000 4,100 Inventory 2,800 Investments (At Fair Value) 178,000 Furniture And Equipment 210,000 Accumulated Depreciation Furniture And Equipment 160,000 Accounts Payable 13,520 Unrestricted Net Assets 196,500 Temporarily Restricted Net Assets 50,500 Permanently Restricted Net Assets 100,000 Contributions Unrestricted 338,820 Contributions Temporarily Restricted 48,100 Investment income Unrestricted 9,200 Net Assets Released from restrictions-Temporarily Restricted 22,000 Net Assets Released from restrictions-Unrestricted 22,000 Salaries & Benefits 286,410 Occupancy and Utility 38,400 Supplies 6,940 Printing and Publishing 4,190 Telephone and Postage 3,500 Unrealized Loss 2,000 Depreciation 21,000 942,740 942,740 Est Uncollectible Pledges Receivable Problem 10-3 (a) CITY OF LYNN Airport (Enterprise) Fund Worksheet for the Year Ended December 31, 20X0 Problem 6-6 pages 250-51 Trial Balance Balance Sheet Revenues and Expenditures Beginning Reported Reported Accounts Dr. Cr. Unrestricted Temp Restr Perm Restr Total ASSETS - Cash 126,500 - Investments (At Fair Value) 178,000 - Pledges Receivable 41,000 - 4,100 - Inventory 2,800 - Furniture And Equipment 210,000 - Accumulated Depreciation Furniture And Equipment 160,000 - - LIABILITIES - Accounts Payable 13,520 - - EQUITY (FUND BALANCE, NET ASSETS) - Unrestricted Net Assets 196,500 - Temporarily Restricted Net Assets 50,500 - Permanently Restricted Net Assets 100,000 - - INFLOWS - Contributions Unrestricted 338,820 - Contributions Temporarily Restricted 48,100 - Investment income Unrestricted 9,200 - Net Assets Released from restrictions-Temporarily 22,000 - Net Assets Released from restrictions-Unrestricted 22,000 - - OUTFLOWS - Salaries & Benefits 286,410...
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This note was uploaded on 08/01/2011 for the course ACCT 434 taught by Professor Mcclellan during the Spring '11 term at National.
- Spring '11