In: Accounting
Prepare a statement of account and balance sheet for Freedom Non-Profit Organization as well as Cash Flow Statement (year 1-3) Separately:
Freedom Non-Profit Organization | |
As of July 31, 2019 | |
Wages/Salaries | $340,597 |
Consultants | 20,362 |
Office Supplies & Expenses | 14,096 |
Rent (per year) | 116,223 |
Utilities | 16,305 |
Legal Fees | 21,400 |
Accounting Fees | 8,500 |
Telephone and Internet | 2,287 |
Insurance | 2,500 |
Bank Fees | 2,432 |
total earned revenue | 216,730 |
account receivable | 83,826 |
check/savings | 573,532 |
grants receivable | 23,500 |
prepaid expenses | 21,872 |
Capital Asset | 365,201 |
Account Payable | 35,764 |
Bank Loan | 736,000 |
Petty Cash | 23,100 |
Miscellaneous Expense | 12,330 |
Interest Expense | 840 |
Equipment | 43,400 |