Ledger Entries

EXERCISE 4 .1 (a ) July 1 , 20XX Dr . change 15 ,000Cr . tax enhancement 15 ,000 (b ) July 19 , 20XX Dr . pay Insurance 9 ,000Cr . specie 9 ,000 (c ) July 15 , 20XX Dr . Arts and Crafts Supplies 3 ,000Cr . notes 3 ,000 (d ) July 15 , 20XX Dr . hard cash 3 ,000Cr . Investments 3 ,000 (e ) July 30 , 20XX Dr . put overmatch 5 ,000Cr . funds 5 ,000 (f ) declination 31 , 20XX Dr . Cash 40 ,000Cr . Revenue 40 ,000 (g ) celestial latitude 31 , 20XX Dr . Cash 1 ,750Cr . Accounts receivable 1 ,750 (h ) celestial latitude 31 , 20XX Dr . Accounts Receivable 3 ,000Cr . Revenue 3 ,000 (i ) celestial latitude 31 , 20XX Dr . Accounts payable 1 , viosterolCr . Cash 1 , viosterol (j ) declination 31 , 20XX Dr . disbursal 7 ,500Cr . Cash 7 ,500 (k ) celestial latitude 31 , 20XX Dr . set down 55 ,000Cr . Cash 55 ,000 (l ) celestial latitude 31 , 20XX Dr . disbursal 750Cr . Cash 750 (m ) December 31 , 20XX Dr . Expense 9 ,000Cr . prepay Insurance 9 ,000 (n ) December 31 , 20XX Dr . Expense 2 ,000Cr . Arts and Crafts Supplies 2 ,000EXERCISE 4 .2EXERCISE 4 .3Portland afterward pushchair ProgramTrial BalanceDecember 31 , 20XXDebits CreditsCash 42 ,500Arts Crafts Supplies 1 ,500Accounts Receivable 3 ,000Revenue 58 ,000Investments 7 ,000Expenses 79 ,250Net Assets 75 ,250 133 ,250 133 ,250EXERCISE 4 .

4Portland aft(prenominal) discipline ProgramStatement of Cash FlowsJuly 1 , 20XX-December 31 , 20XXCash on Hand-July 1 64 ,500Increases in Cash 59 ,750Investing 0Financing 3 ,000Operating 56 ,75059 ,750Decreases in Cash 81 ,750Investing 0Financing 0Operating 81 ,75081 ,750Net Increase (Decrease ) in Cash _ ( 22 ,000Cash on Hand-December 31 42 ,500Portland After give instruction ProgramStatement of Activities (Profit and Loss SummaryJuly 1 , 20XX-December 31 , 20XXbr Restricted RestrictedRevenuesOperating RevenuesParent Fees 43 ,000 43 ,000Sub Other RevenuesDonations 15 ,000 15 ,000Sub br Expensesbr Excess of RevenueOver Expenses (21 ,250Net Assets , July 1 75 ,250 65 ,250 10 ,000Changes in Assets (21 ,250 (18 ,250 ( 3 ,000Net Assets , cobblers put out of December 54 ,000 47 ,000 7 ,000Portland After shoal ProgramStatement of Financial PositionDecember 31 , 20XXASSETSCurrent AssetsCash (Unrestricted 42 ,500Accounts Receivable 3 ,000Arts and Crafts Supplies 1 ,50047 ,000Noncurrent AssetsCash (Temporarily Restricted ) 7 ,000 LIABILITIES AND earn ASSETSNet AssetsUnrestricted 47 ,000Restricted 7 ,000 Portland After School Program summon 5Cash 64 ,500 9 ,00015 ,000 3 ,0003 ,000 5 ,00040 ,000 1 ,5001 ,750 7 ,50055 ,000750124 ,250 81 ,75081 ,750 81 ,75042 ,500Arts Crafts Supplies 500 2 ,0003 ,0003 ,500 2 ,0002 ,000 2 ,0001 ,500Prepaid Insurance 9 ,000 9 ,0009 ,000 9 ,0000 Accounts Receivable 1 ,750 1 ,7503 ,0004 ,750 1 ,7501 ,750 1 ,7503...If you want to get a full essay, order it on our website: Ordercustompaper.com

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