Business, 07.07.2020 04:01 Lovebamagirl12

The following information was excerpted from the records of a nonprofit. All account balances are as of the fiscal year ended June 30, 2019, except for the net asset balances at the beginning of the year. Prepare a statement of activities for the nonprofit. Contribution revenue (without donor restrictions) $86,000
Contribution revenue (with donor restrictions) 80,000
Investment return, net (without donor restrictions) 5,000
Investment return, net (with donor restrictions) 15,000
Expenses—Program A 23,000
Expenses—Program B 26,000
Expenses—Management and general 4,000
Expenses—Fundraising 2,000
Net assets with donor restrictions—Reclassifications out— Satisfaction of program restrictions 17,000
Net assets without donor restrictions—Reclassifications in— Satisfaction of program restrictions 17,000
Net assets at beginning of year—without donor restrictions 80,000
Net assets at beginning of year—with donor restrictions 180,000

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