part a journal entriesSPARKGeneral Journal Entries Jul-05
DateAccountsDebitCredit1Rent Expenses16,000Contributions
Unrestricted 16,000
2Cash170,000Constributions Unrestricted120,000Contributions Temp
Restricted50,000
3Salaries & Wages Expense118,000Cash100,000Salaries &
Wages Payable18,000
4Contributions Receivable100,000Contributions -Temp.
Restricted93,400Discount on Contributions Receivable6,600
5Equip & Furniture12,600Cash5,000Contributions
Unrestricted7,600
6Telephone Expenses5,600Printing & Postage
Expenses10,000Supplies Expense2,100Cash13,900Accounts
Payable3,800
7
8Depreciation Expense1,760Depreciation Equip. & Furniture
Allowance1,760
9Public Health Education 35%53,711Community Service
25%38,365Management & General 20%30,692Funding
20%30,692Salaries & Wages Expense118,000Rent
Expense16,000Telephone Expense5,600Printing & Postage
Expense10,000Supplies Expense2,100Depreciation Expense1,760
10Net Assets Released Restriction50,000Net Assets Released
Unrestricted50,000
11Contributions Unrestricted Unrestricted Net Assets9,860Public
Health Education53,711Community Service38,365Management &
General30,692Fund Raising30,692Contributions
Restricted143,000Temporarily Restricted Net Assets143,000
worksheet for entry 9ALLOCATION OF NATURAL EXPENSES TO
FUNCTIONS
Public Health EducationCommunity ServiceManagement &
GeneralFund-raisingTotalSalary & Wages
Expense$41,300$29,500$23,600$23,600$118,000Rent
Expense5,6004,0003,2003,20016,000Telephone
Expense1,9601,4001,1201,1205,600Printing & Postage
Expense3,5002,5002,0002,00010,000Supplies
Expense7355254204202,100Depreciation
Expense6164403523521,760Total$53,711$38,365$30,692$30,692$153,460
part b statement of activities SPARKSTATEMENT OF ACTIVITIESFOR
THE YEAR ENDED DECEMBER 31, 2015
TEMPORARILYUNRESTRICTEDRESTRICTEDTOTAL
REVENUE & OTHERSUPPORT: CONTRIBUTIONS143,600143,400$287,000
NET ASSETS RELEASED FROM RESTRICTION SATISFACTION OF PURPOSE
50,000-50,0000TOTAL REVENUE & OTHER
SUPPORT193,60093,400287,000
EXPENSES: PUBLIC HEALTH EDUCATION53,71153,711 COMMUNITY
SERVICES38,36538,365 MANAGEMENT & GENERAL30,69230,692
FUND-RAISING30,69230,692TOTAL EXPENSES153,460153,460INCREASE IN NET
ASSETS40,14093,400133,540BEGINNING NET ASSETSENDING NET
ASSETS$40,140$93,400$133,540
part c Financial Position SPARKSTATEMENT OF FINANCIAL
POSITION31-Dec-15
ASSETS:CASH51,100CONTRIBUTIONS RECEIVABLE (less93,400discount on
contributions receivable)EQUIPMENT & FURNITURE (less
allowance10,840for accumulated depreciation )155,340TOTAL
ASSETS
LIABILITIES:ACCOUNTS PAYABLE3,800SALARIES PAYABLE18,000TOTAL
LIABILITIES21,800
NET ASSETS:UNRESTRICTED40,140TEMPORARILY RESTRICTED93,400TOTAL
NET ASSETS133,540TOTAL LIABILITIES AND NET ASSETS155,340
part d statement of cashs flows SPARKSTATEMENT OF CASH FLOWSFOR
THE YEAR ENDED DECEMBER 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:CASH RECEIVED FROM
CONTRIBUTIONS170,000CASH PAID TO EMPLOYEES-100,000CASH PAID TO
SUPPLIERS-13,900NET CASH PROVIDED BY OPERATING ACTIVITIES56,100CASH
FLOWS FROM INVESTING ACTIVITIES:PURCHASE OF EQUIPMENT-5,000NET
INCREASE IN CASH51,100BEGINNING CASH0ENDING CASH51,000
RECONCILIATION OF CHANGES IN NET ASSETS TO NET CASH PROVIDED BY
OPERATING ACTIVITIES:CHANGE IN NET ASSETS133,540ADJUSTMENTS TO
RECONCILE CHANGES IN NET ASSETS TO NET CASH PROVIDED BY OPERATING
ACTIVITIES:DEPRECIATION1,700INCREASE IN NET CONTRIBUTIONS
RECEIVABLE-93,400INCREASE IN ACCOUNTS PAYABLE3,800INCREASE IN
SALARIES & WAGES PAYABLE18,000GIFT OF FURNITURE-7,000CASH
PROVIDED BY OPERATING ACTIVITIES 56,640
part e statement of functional SPARKSTATEMENT OF FUNCTIONAL
EXPENSESFOR THE YEAR ENDED DECEMBER 31, 2015
PROGRAM SERVICESSUPPORT SERVICESPublic Health EducationCommunity
ServiceManagement & GeneralFund-raisingTOTALSALARY &
WAGES$41,300$29,500$23,600$23,600$118,000 EXPENSERENT
EXPENSE5,6004,0003,2003,20016,000TELEPHONE
EXPENSE1,9601,4001,1201,1205,600PRINTING &
POSTAGE3,5002,5002,0002,00010,000 EXPENSESUPPLIES
EXPENSE7355254204202,100DEPRECIATION6164403523521,760
EXPENSETOTAL$53,711$38,365$30,692$30,692$153,460
