Following are the adjusted current funds trial balances of Community Association for Children With Disabilities, a voluntary
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a. Prepare a statement of activities for the year ended June 30, 20X4.
b. Prepare a statement of financial position as of June 30,20X4.
Transcribed Image Text:
COMMUNITY ASSOCIATION FOR CHILDREN WITH DISABILITIES Adjusted Current Funds Trial Balances June 30, 20X4 Unrestricted Restricted Debit Credit Debit Credit Cash Bequest Receivable Pledges Receivable Accrued Interest Receivable Investments (at market Accounts Payable & Accrued Expenses Deferred Revenue Allowance for Uncollectible Pledges Fund Balances, July 1, 20x3: S 9,000 5,000 S 40,000 12,000 1,000 100,000 50,000 2,000 3,000 S 1,000 Designated 12,000 26,000 Undesignated Restricted Transfers of Expired Endowment Fund Principal Contributions 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 Total 23,000 20,000 20,000 15,000 300,000 25,000 30,000 10,000 120,000 150,000 45,000 8,000 2,000 4,000 1,000 $478,000 $478,000 $39,000 $39,000
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Related Book For
Advanced Financial Accounting
ISBN: 978-0078025624
10th edition
Authors: Theodore E. Christensen, David M. Cottrell, Richard E. Baker
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