Question: Please help me with this, there were a few I couldn't get correct Preparation Of HOL-TOT-Port Thanical Statements for a HOL-Tor-prorit Organization Following is financial


Please help me with this, there were a few I couldn't get correct
Preparation Of HOL-TOT-Port Thanical Statements for a HOL-Tor-prorit Organization Following is financial data for Cool School, Inc., a not-for profit organization providing preschool care and education for children. Given this information, prepare the statement of activities and the statement of financial position. Long term liabilities $547,600 Plant, property and equipment, net 867,560 Expenses support 198,640 Payables 367,440 Depreciation expense of which 89% relates to program expenses and 11% relates to support expenses) 67.520 Investments 1,025,100 Net assets released from restrictions 124.260 Expenses-program 1,587,720 Cash 167.780 Contributions receivable 487,580 Without Donor With Donor Restrictions Restrictions Support-contributions $1,657,580 $198,220 Revenues-investment 79.700 77,840 Net assets, beginning of year 746,560 726,960 Instructions: Round answers to the nearest whole number, when applicable. Use a negative sign to show a decrease in net assets or a release of net assets. Support contributions Revenues-investment Net assets released from restrictions Total support and revenue Expenses program Expenses-support Total expenses Change in net assets Net assets beginning of year Net assets end of year Statement of Activities Without With Donor Restrictions Donor Restrictions 1,657,580 S 198,220 $ 79,700 77,840 1,578,150 X 120,380 x 1.737,280 X 276,060 X 1,647,813 2,016,067 x 1,853,880 (116,600) X 276,060 X 746,560 726,960 629,960 XS 1,003,020 x $ Total 1,855,800 157.540 1.698,260 x 2,013,340 1,647,813 206,067 1.853,880 159,460 1.473,520 1,632.930 0 Statement of Financial Position Cash 167,780 V Investments 1,025,100 ~ Contributions receivable 487,580 ~ Total current assets 1,680,460 ~ Property plant and equipment net 867,560 ~ Total assets 2,548,020 ~ Payables $ 367,440 V Total current liabilities 367,440 ~ Long-term Liabilities 547,600 Total liabilities 915,040 Net assetswithout donor restrictions 629,960 x Net assetswith donor restrictions 1,003,020 X Total net assets 1,632,980 V Total net assets 2,548,020 Preparation Of HOL-TOT-Port Thanical Statements for a HOL-Tor-prorit Organization Following is financial data for Cool School, Inc., a not-for profit organization providing preschool care and education for children. Given this information, prepare the statement of activities and the statement of financial position. Long term liabilities $547,600 Plant, property and equipment, net 867,560 Expenses support 198,640 Payables 367,440 Depreciation expense of which 89% relates to program expenses and 11% relates to support expenses) 67.520 Investments 1,025,100 Net assets released from restrictions 124.260 Expenses-program 1,587,720 Cash 167.780 Contributions receivable 487,580 Without Donor With Donor Restrictions Restrictions Support-contributions $1,657,580 $198,220 Revenues-investment 79.700 77,840 Net assets, beginning of year 746,560 726,960 Instructions: Round answers to the nearest whole number, when applicable. Use a negative sign to show a decrease in net assets or a release of net assets. Support contributions Revenues-investment Net assets released from restrictions Total support and revenue Expenses program Expenses-support Total expenses Change in net assets Net assets beginning of year Net assets end of year Statement of Activities Without With Donor Restrictions Donor Restrictions 1,657,580 S 198,220 $ 79,700 77,840 1,578,150 X 120,380 x 1.737,280 X 276,060 X 1,647,813 2,016,067 x 1,853,880 (116,600) X 276,060 X 746,560 726,960 629,960 XS 1,003,020 x $ Total 1,855,800 157.540 1.698,260 x 2,013,340 1,647,813 206,067 1.853,880 159,460 1.473,520 1,632.930 0 Statement of Financial Position Cash 167,780 V Investments 1,025,100 ~ Contributions receivable 487,580 ~ Total current assets 1,680,460 ~ Property plant and equipment net 867,560 ~ Total assets 2,548,020 ~ Payables $ 367,440 V Total current liabilities 367,440 ~ Long-term Liabilities 547,600 Total liabilities 915,040 Net assetswithout donor restrictions 629,960 x Net assetswith donor restrictions 1,003,020 X Total net assets 1,632,980 V Total net assets 2,548,020
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
