WardleNPO - NPO Financial Statement Assignment ACC 308 Fall...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
NPO Financial Statement Assignment ACC 308 Fall 2011 Required: Music for the Development of Math Skills, Inc. Adjusted Trial Balance as of December 31, 2011 Debit Credit Cash and cash equivalents $64,263 Contributions receivable, net of uncollectible accounts 41,293 Notes receivable - from music providers 36,741 Other receivables, net 1,829 Inventory - music equipment 1,476 Prepaid expenses 2,459 Long-term investments, at fair value 70,943 Capital assets, net of accumulated depreciation 10,291 Accounts payable $19,230 Capital lease obligations payable 1,417 Due to city government 6,669 Notes payable 11,211 Unrestricted net assets 11,012 Temporarily restricted net assets 191,506 Permanently restricted net assets 10,000 Contributions - unrestricted 101,442 Contributions - temporarily restricted 77,148 Contributions - permanently restricted 318 In-kind contributions - unrestricted 23,447 In-kind donations - temporarily restricted 27,422 Government grants - unrestricted 20,903 Interest and dividend income 1,741 Realized and unrealized loss on investments 205 Net assets released from restrictions 91,422 91,422 Program service expenses* 218,909 Supporting service expenses* 55,057 - Totals $594,888 $594,888 CHECK FIGURE:
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

Page1 / 3

WardleNPO - NPO Financial Statement Assignment ACC 308 Fall...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online