From the expense accounts information and allocation schedule shown in Problem 18-8, prepare a statement of functional
Question:
Expense accounts from the pre-allocation trial balances as of December 31, 2019, are as follows:
In preparation for the allocation of expenses to programs and supporting services, a study was conducted to determine an equitable manner for assigning each expense. The study resulted in the following table for percentage allocations:
Transcribed Image Text:
Funded by Funded by Unrestricted Resources nor Restricte Resources 33,000 2,000 70,000 50,000 26,000 22,000 10,000 Total 106,000 22,000 140,000 96,000 156,000 87,000 10,000 8,000 40,000 26,000 691,000 73,000 20,000 70,000 46,000 130,000 65,000 Telephone and Miscellaneous Expenses . Nursing and Research Expense Interest Expense on Equipment Mortgage. Depreciation Expense.. Provision for Uncollectible Pledges . . 8,000 .. . 40,000 26,000 438,000 Totals . . . 253,000 Percentage of Allocations Supporting Services Fund Programs Alcohol and Drug Abuse Outreach to Teens Management Raising Expenses to Be Allocated All expenses (other than depreciation) financed by 60% 40% Expenses financed by unrestricted resources Salaries and payroll taxes Telephone and miscellaneous . . .. Nursing and medical fees . . . . .. . 30 20 20 20 30 60 40 10 30% 15 20% 45 30 60 90 10 Research . . Medical supplies . Equipmentrelated expenses 50 50 10 10 30 30 10 10 Interest...
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Related Book For
Advanced Accounting
ISBN: 978-0538480284
11th edition
Authors: Paul M. Fischer, William J. Tayler, Rita H. Cheng
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