The following is an adjusted trial balance of the General Funds of Barnes Nursing Home (non-profit). Barnes
Question:
The following is an adjusted trial balance of the General Funds of Barnes Nursing Home (non-profit).
Barnes Nursing Home
Adjusted Current Funds Trial Balance
December 31, 2015
|
| Unrestricted | Restricted | |||
| Cash | 300,000 |
| 107,000 |
| |
| Pledges Receivable | 12,000 |
| 206,000 |
| |
| Accrued Interest Receivable. | 1,000 |
|
|
| |
| Inventory of Supplies | 120,000 |
|
|
| |
| Vouchers Payable |
| 50,000 |
| 10,000 | |
| Accrued Expenses |
| 25,000 |
|
| |
| Refundable Deposits |
| 2,000 |
|
| |
| Allowance for Uncollectible |
|
|
|
| |
| Pledges |
| 3,000 |
|
| |
| Net Assets, January 1, 2015 |
|
|
|
| |
| Designated--Unrestricted |
| 12,000 |
|
| |
| Undesignated--Unrestricted |
| 26,000 |
|
| |
| Temporarily Restricted |
|
|
| 3,000 | |
| Permanently Restricted |
|
|
| 250,000 | |
| Contributions |
| 200,000 |
| 50,000 | |
| Resident Service Revenue |
| 415,000 |
|
| |
| Other Operating Revenue |
| 20,000 |
| 5,000 | |
| Outreach Expenses | 20,000 |
|
|
| |
| Nursing Services Expenses | 100,000 |
|
|
| |
| Dietary Service Expense | 100,000 |
|
|
| |
| General Service Expense | 45,000 |
|
|
| |
| Financial Service Expense | 60,000 |
|
|
| |
| Reclassification In-- |
|
|
|
| |
| Satisfaction of Program |
|
|
|
| |
| Restriction |
| 5,000 |
|
| |
| Reclassification Out-- |
|
|
|
| |
| Satisfaction of Program |
|
|
|
| |
| Restrictions |
|
| 5,000 |
| |
|
| 758,000 | 758,000 | 318,000 | 318,000 | |
| | | | | | |
Required:
Prepare a statement of activities and a statement of financial position as of December 31, 2015.
Expert Answer:
The statement of activities is provided below Barnes Nursing Home Statement of Activities For the Ye... View the full answer
