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Presented below is a partially completed Statement of Activities for a homeless shelter. Complete the Statement of Activities by filling in any missing amounts as needed. CENTERVILLE AREA HOMELESS SHELTER

Presented below is a partially completed Statement of Activities for a homeless shelter. Complete the Statement of Activities by filling in any missing amounts as needed. CENTERVILLE AREA HOMELESS SHELTER

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Subject : Accounting

 

 

5 Presented below is a partially completed Statement of Activities for a homeless shelter. Complete the Statement of Activities by filling in any missing amounts as needed. CENTERVILLE AREA HOMELESS SHELTER Statement of Activities For the Year Ended December 31, 2020 Net Assets Revenues Contribution revenues Net assets released from restrictions Total revenues Expenses Temporary shelter program Self-sufficiency program Fund raising Administration. Total expenses Increase in net assets. Net assets January 1 Net assets December 31 without Donor Restrictions 0 Net Assets with Donor Restrictions Total $ 1,593,360 (29,500) (29,500) 1,593,360 0 1,035,850 371,000 8,125 61,475 0 0 1,476,450 89,000 27,910 116,910 20,250 14,600 34,850 $ 109,250 $ 42,510 $ 151,760
Transcribed Image Text:5 Presented below is a partially completed Statement of Activities for a homeless shelter. Complete the Statement of Activities by filling in any missing amounts as needed. CENTERVILLE AREA HOMELESS SHELTER Statement of Activities For the Year Ended December 31, 2020 Net Assets Revenues Contribution revenues Net assets released from restrictions Total revenues Expenses Temporary shelter program Self-sufficiency program Fund raising Administration. Total expenses Increase in net assets. Net assets January 1 Net assets December 31 without Donor Restrictions 0 Net Assets with Donor Restrictions Total $ 1,593,360 (29,500) (29,500) 1,593,360 0 1,035,850 371,000 8,125 61,475 0 0 1,476,450 89,000 27,910 116,910 20,250 14,600 34,850 $ 109,250 $ 42,510 $ 151,760
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