The Animal Rights Society is a non-governmental not-for-prof…

The Animal Rights Society is a non-governmental not-for-profit organization organized under IRC Section 501(c)(3). In 2022 it had the following sources of support: (15 points) Which of the above qualify as public support? Show any calculations. (15 points) Is the Animal Rights Society a public charity or private foundation? Explain briefly.

During 2022 the City of Pleasant Grove’s Water Utility Fund…

During 2022 the City of Pleasant Grove’s Water Utility Fund (an enterprise fund) recorded the following transactions: $900,000 was billed to customers for sales of water and collected in cash Operating expenses were: administrative expenses $550,000 and depreciation expense $150,000 During the year $200,000 of revenue bond principal and $35,000 of bond interest expense were paid At the end of the year, $27,000 was invested and is restricted for future debt service payments Provide the necessary year-end journal entries to: (16 points) Close all temporary accounts: (12 points)After closing, reclassify the net position accounts to their correct balances: provide a separate journal entry for each transaction above that requires an adjustment to the net position accounts (8 points) Assuming that beginning balances were zero in all net position accounts, what are the ending balances? (2 points) What is the total Net Position for the year?