Prepare a statement of account and balance sheet for Freedom Non-Profit Organization as well as Cash...

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

Expert Solution

ekkarill92 answered 2 years ago

Prepare a balance sheet for Freedom Non-Profit Organization as follows: Freedom Non-Profit Organization Balance Sheet As...

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