Fund Accounting - Two Funds, One Trial

Fund Accounting - Two Funds, One Trial Balance

Here is the combined trial balance for SpringTime’s operating and capital funds. You’ll notice the only difference from the trial balance we presented without fund accounting is that we now have two fund balances shown as opposed to a single net asset balance.

SpringTime
Trial Balance (All Funds) - Deferral 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
Opening balance - Operating Fund		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
Deferred capital contributions		400
Opening balance - Capital Fund		435
Capital contributions recognized		50
Amortization	100
Interest expense	65
	3680	3680

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