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 Revenues Net Assets without Donor Restrictions Net Assets with Donor Restrictions Total 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 $ 1,604,210 (32,000) 0 0 (32,000) 1,604,210 1,043,600 377,000 8,500 52,000 0 0 1,481,100 94,000 29,110 123,110 19,500 14,850 34,350 Net assets December 31 $ 113,500 $ 43,960 $ 157,460
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 Revenues Net Assets without Donor Restrictions Net Assets with Donor Restrictions Total 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 $ 1,604,210 (32,000) 0 0 (32,000) 1,604,210 1,043,600 377,000 8,500 52,000 0 0 1,481,100 94,000 29,110 123,110 19,500 14,850 34,350 Net assets December 31 $ 113,500 $ 43,960 $ 157,460
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text: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
without Donor
Restrictions
Net Assets
with Donor
Restrictions
Total
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
$
1,604,210
(32,000)
0
0
(32,000)
1,604,210
1,043,600
377,000
8,500
52,000
0
0
1,481,100
94,000
29,110
123,110
19,500
14,850
34,350
Net assets December 31
$
113,500 S
43,960
$
157,460
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