furniture has an estimated useful life Equipment and Cash

Furniture has an estimated useful life equipment and

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furniture has an estimated useful life Equipment and furniture 21, 600 Cash 12,000 Contributions- unrestricted 9,600
Chapter 13: Accounting for Not-For-Profit Organizations *Entries* of 10 years. Furniture and equipment are considered unrestricted net assets by INVOLVE. 6. Telephone expense for the year was $5,200, printing and postage expense was $12,000 for the year, utilities for the year were $8,300, and supplies expense was $4,300 for the year. At year-end, an immaterial amount of supplies remained on hand and the balance in accounts payable was $3,600. Telephone expense 5200 Printing and Postage expense 12,000 Utilities expense 8,300 Supplies expense 4,300 Cash 26,000 Accounts Payable 3,600 7. Volunteers contributed $15,000 of time to help with answering the phones, mailing materials, and various other clerical activities. NO TRANS ACTION REQUIRED--No specialized skill is required 8. It is estimated that 90 percent of the pledges made for the 2018 year will be collected. Depreciation expense is recorded for the full year on the assets recorded in item 5. Provision for uncollectable pledges 10,000 Allowance for uncollectable pledges-Unrestricted 10,000 Depreciation Expense 3,360 Allowance for depreciation-Equipment and Furniture 3,360 9. Salaries and wages were allocated to program services and support services in the following percentages: public health education, 35 percent; community service, 30 percent; management and general, 20 percent; and fund-raising, 15 percent. All other expenses were allocated in the following percentages: public health education, 35 percent; community service, 20 percent; management and general, Public Health education program 105,952 Community Service Program 90,816

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