Fund Accounting - Restricted Funds, One Trial
Fund Accounting - Restricted Funds, One Trial Balance
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 |