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The town established a Central printing fund for the purpose of printing items for the entire government.  The General Fund made an initial capital contribution of $120,000 to the fund.  What account(s) should you DEBIT in the General Fund?

The following expenditures were made by Green Services, a society for the protection of the environment:Printing of the annual report                                                    $12,000Unsolicited merchandise sent to encourage contributions       25,000Cost of an audit performed by a CPA firm                                  3,000 What amount should be classified as fundraising costs in the society’s statement of activities?

Home Care, Inc., a nongovernmental voluntary health and welfare entity, received two contributions in Year 4. One contribution of $250,000 was restricted for use as general support in Year 5. The other contribution of $200,000 carried no donor restrictions. What amount should Home Care report as donor-restricted support in its Year 4 statement of activities?

Birdlovers, a nongovernmental not-for-profit entity, incurred $5,000 inmanagement and general expenses during the year. In Birdlovers’ statement ofactivities for the year ended December 31, the $5,000 should be reported as

A labor union had the following receipts and expenses for the currentyear ended December 31:  Receipt Descriptions: Amounts    Per capita dues  680,000    Initiation fees    90,000  Gift restricted by donor for loan purposes for 10 years  30,000  Gift restricted by donor for loan purposes in perpetuity    25,000   Expense Descriptions: Amount Labor negotiations  500,000 Fundraising                                                                                     100,000 Membership development 50,000 Administrative and general  200,000  Management sales of organizational supplies   60,000 Additional information: The union’s constitution provides that 10% of the per capitadues are designated for the Strike Insurance Fund to be distributed for strike reliefat the discretion of the union’s executive board. In the statement of activities for the year ended December 31, what amountshould be reported as donor-restricted support?

During the current year, a voluntary health and welfare entity received $300,000 in pledges. Of this amount, $100,000 has been designated by donors for use next year to support operations. If 15% of the pledges without donor-imposed restrictions are expected to be uncollectible, what amount of support that increases net assets without donor restrictions should the entity recognize in its current-year financial statements?

Functional expenses recorded in the general ledger of ABC, a nongovernmentalnot-for-profit entity, are as follows: Description Amount Soliciting prospective members 45,000 Printing membership benefits brochures 30,000 Soliciting membership dues 25,000 Maintaining donor list 10,000 What amount should ABC report as fundraising expenses?

When an Internal Service Fund sends a bill to the General Fund, which account should the Internal Service Fund debit?

Daisy runs her own flower shop called “Daisy’s Floral Arrangements”. Daisy has the following transactions that have taken place during the month:  Date Transaction 2-Apr Daisy’s Floral Arrangements sells $5,000 in floral arrangements for the Hill wedding. The customers paid cash at pick up.  3-Apr Daisy’s Floral Arrangements pays $400 cash for new supplies.  5-Apr The company takes a loan from the bank to purchase a new delivery vehicle for $12,000 8-Apr Daisy paid employee salaries of $1,400 Match the correct Account Title with the Account Balance as of April 10th.

A nonprofit organization’s assets that have been designated by its board of directors for a new project, should be reported as “net assets __________ donor restrictions”.