Presented below is a partially completed Statement of Activities for a homeless shelter. Complete the Statement of
Question:
CENTERVILLE AREA HOMELESS SHELTER
Statement of Activities
For the Year Ended December 31, 2017
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Temporarily Permanently Unrestricted Restricted Restricted Total Revenues $1,560,810 0 1,560,810 Net assets released from restriction $(27,000) Total Revenues Expenses Temporary shelter program Self-sufficiency program 1053,600 312,000 7,000 78,900 1451,500 109,310 31,850 $18,900 S 141,160 Total Expenses Increase in net assets Net assets January 1 Net assets December 31 90,000 18,000 $108,000 13,060 1,200 $ 14,260 6,250 $12,650
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Related Book For
Essentials of Accounting for Governmental and Not for Profit Organizations
ISBN: 978-1259741012
13th edition
Authors: Paul A. Copley
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