Reference no: EM132489930
Using a list of accounting transactions below, formulate a statement of financial position with the three net asset classes as of December 31, 2009 and a statement of activities for the period January 1, 2009 through December 31, 2009
Question 1: Show statement of financial position as of December 31, 2009, with the three net asset classes displayed. show a statement for activities for the period January 1, 2009, through December 31, 2009.
description, debit credit
cash operating $ 52,000
cash payroll $ 3,457
petty cash $ 50
cash-money market restricted $ 25,000
govt grants receivable $50,000
govt grants receivable restricted $ 10,000
foundation receivable $ 20,000
corporation receivable $ 5000
individual receivable $ 7500
facility $ 100,000
facility accum dep $ 80,000
equipment $ 10000
equipment accum dep $6000
long-term investment $ 250000
accounts payable $ 35175
accrued salary $ 2500
deffered revenue $ 5000
facility loan $ 20,000
fund balance unrestricted $149,332
fund balance temp rest $ 35,000
fund balance perm rest $ 200,000
federal grants (program inc) $ 400000
state grants (program inc) $ 300000
foundation contribution $ 720000
corporation contribution $ 125,000
individual contribution $ 185000
investment income-op $ 10000
salaries- management $300000
salaries-staff $ 700,000
salaries-other $ 100000
payroll-taxes $ 67000
health insurance $ 200,000
disability insurance $ 25000
program services $ 200000
depreciation-facility $ 10000
depreciation- equipment $ 1000
custodial cost $ 11000
interest $ 1000
supplies -admin $ 6500
legal fees $ 1500
accounting fees $ 4000
miscellaneous $ 14000
Total $ 2273007 $2273007