Case3: Al-Aqsa charity is a Non-profit organization to improve quality of life for others at a...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Case3: Al-Aqsa charity is a Non-profit organization to improve quality of life for others at a community. Use the below Adjusted Trial Balance on .December 31-2022 to prepare the financial statement 3: . 31 . Al-Aqsa charity Adjusted Trial Balance December 31.2022 Account name Dr. Cash 14650 | Accounts receivable - subscriptions | 23650 Short term investment 3500 2500 28800 Prepaid insurance |Equipment (Net) Accounts Payable Unearned - subscriptions Beginning Net assets Affiliation fees Subscription Grants and donations Medical expenses Expenses for charitable events Administrative expenses Total Cr. 12000 13380 16000 17450 38100 13700 7000 16000 14530 110630 110630 Case3: Al-Aqsa charity is a Non-profit organization to improve quality of life for others at a community. Use the below Adjusted Trial Balance on .December 31-2022 to prepare the financial statement 3: . 31 . Al-Aqsa charity Adjusted Trial Balance December 31.2022 Account name Dr. Cash 14650 | Accounts receivable - subscriptions | 23650 Short term investment 3500 2500 28800 Prepaid insurance |Equipment (Net) Accounts Payable Unearned - subscriptions Beginning Net assets Affiliation fees Subscription Grants and donations Medical expenses Expenses for charitable events Administrative expenses Total Cr. 12000 13380 16000 17450 38100 13700 7000 16000 14530 110630 110630
Expert Answer:
Answer rating: 100% (QA)
To prepare the financial statements for AlAqsa Charity based on the provided adjusted trial balance ... View the full answer
Related Book For
Intermediate Accounting Reporting and Analysis
ISBN: 978-1285453828
2nd edition
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
Posted Date:
Students also viewed these accounting questions
-
The Nealy Company has prepared the following alphabetical adjusted trial balance on December 31, 2010: Required Prepare the following 2010 items in proper form for the Nealy Company: (1) The income...
-
Suppose that, in a Brazilian municipality, theprobability that a randomly selected resident likessoccer is 1/4, while the probability that he likes soap operas is1/2. Determine the probability that 1...
-
For each of the following approaches that an economist might follow in examining a decision- making process, identify whether the approach relies on the rationality assumption or on the assumption of...
-
Consider the potential system shown in Figure. (a) Set the initial values at the free nodes equal to zero and calculate the potential at the free nodes for five iterations,(b) Solve the problem by...
-
The lithosphere includes the crust and the top part of the (a) asthenosphere. (b) mantle. (c) core. (d) lower mantle.
-
The monthly demand for the latest computer at Newland Computers follows a normal distribution with a mean of 350 and standard deviation of 75. Newland purchases these computers for $1,200 and sells...
-
Analyse the licensee-in-charge legislative responsibilities, under the Property and Stock Agent Act 2002 (NSW) , regarding trust account audits in the following table. (URL:...
-
WW Development Inc. (WW), a real estate developer, was incorporated in Canada in 1975 by two brothers, Peter and David Wang. In the 1980s and 1990s, WW was quite successful. In early 2002, Peter and...
-
Consider the following diagram of communication between three processes, in accordance with indication of their local clocks: a pl local time p2 + local time p3 local time Draw a diagram of this...
-
Mass media is essentially a product of thought that is used to convey information various information, one of which is about the use of friendly shopping bags environment. This information is...
-
The industrial relations process Instructions Read, study, and analyze Chapter 14 , "Dynamics of Labor Relations" in the following resource: Snell, S. A., & Morris, S. S. (2020). Human resources...
-
A small nation of 10 people idolizes the TV show The Voice . All they produce and consume are karaoke machines and CDs, in the following amounts: Karaoke Machines CDs Quantity Price Quantity Price...
-
i need help about Media / Social media i need to give the example how his affecting now with the teenagers, how todays day people depends to the social media act Media/Social Media Not to be...
-
All submissions to be graded for this assignment must be made using the Submit Assignment button at this posting Do not post any files in comments Seven points will be deducted from your grade if you...
-
Determine the polarity and molecular geometry of the following compounds based on electronegativity differences. Molecular Polarity Geometry 1. HBr 2. PH 3. Sis2 4. O2 5. i
-
Assessing simultaneous changes in CVP relationships Braun Corporation sells hammocks; variable costs are $75 each, and the hammocks are sold for $125 each. Braun incurs $240,000 of fixed operating...
-
Multiple Choice Questions 1. A company should recognize revenue when: a. The revenue is earned b. The contract is signed c. The seller satisfies the performance obligation d. The consideration is...
-
How are changes in stock prices associated with changes in earnings? What does research evidence indicate about the economic consequences of earnings information?
-
Several years ago, Lewad Company established a defined benefit pension plan for its employees. The following information is available for 2016 in regard to its pension plan: (1) Discount rate, 10%;...
-
Which of these changes would allow you to get closer to the mirage before it vanishes? A. Making the pocket of hot air nearer in temperature to the air above it B. Looking for the mirage on a windy...
-
A converging lens creates a real, inverted image. For this to occur, the object must be A. Closer to the lens than the focal point. B. Farther from the lens than the focal point. C. At the focal...
-
A student tries to use a diverging lens as a magnifier. She observes a coin placed at the focal point of the lens. She sees A. An upright image, smaller than the object. B. An upright image, larger...
Study smarter with the SolutionInn App