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 |