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GAAP For Non-Profits › General Reporting Matters

Fund Accounting - Restricted Funds, One Trial Balance

Here is the combined trial balance for the SpringTime funds, under the restricted fund method.

SpringTime
Trial Balance - Restricted Fund method
December 31, 1999

  Dr Cr
Bank - operating account 350  
Contributions receivable 100  
Flower Pin inventory 300  
Accounts payable   100
Deferred contributions-Spring Fling   200
Operating fund - opening balance   15
Flower Pin revenue   450
Flower Pin cost of sales 150  
Spring Fling contributions recognized   500
Unrestricted contributions   100
Administration 65  
Spring Fling expenses 400  
Bank - capital account 150  
Capital assets 2000  
Accumulated amortization   800
Bank loan - current portion   130
Bank loan   500
Capital fund - opening balance   885
Capital contributions (received in the year)   -
Amortization 100  
Interest expense 65  
  3680 3680

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