HHS 265 week 1-7 Axia

Essay text:

In this scenario—you needed to add your credits and subtract your debits. Your balance to carry over here should have been $64,500.00. -2 pts. Cash (a) $ 15,000 (b) $ 9,000 (d) 3,000 (c) 3,000 (f) 40,000 (e) 5,000 (g) 1,750 (i) 1,500 (j) 7,500 (k) 55,000 (l) 750 Prepaid Insurance (b)$ 9,000 (m) $ 9,000 Arts and Crafts Supplies (c) $ 3,000 (n) $ 2,000 Accounts Receivable (h) $3,000 (g) $3,000 Revenue (a) $15,000 (f) 40,000 (h) 3,000 Net Assets Investments (d) $3,000 Accounts Payable (i) $ 1,500 Expense (e) $ 5,000 (j) 7,500 (k) 55,000 (l) 750 (m) 9,000 (n) 2,000 Portland after School Program General Ledger (Account Balances) Cash (a) $ 15,000 (b) $ 9,000 (d) 3,000 (c) 3,000 (f) 40,000 (e) 5,000 (g) 1,750 (i) 1,500 (j) 7,500 (k) 55,000 (l) 750 $59,750 $81,750 $59,750 $59,750 $22,000 Prepaid Insurance (b)$ 9,000 (m) $ 9,000 9,000 9,000 $0 Arts and Crafts Supplies (c) $ 3,000 (n) $ 2,000 2,000 2,000 $1,000 Accounts Receivable (h) $3,000 (g) $1,750 1,750 1,750 $1,350 Revenue (a) $15,000 (f) 40,000 (h) 3,000 $58,000 Net Assets Investments (d) $3,000 Accounts Payable (i) $1,500 Expense (e) $ 5,000 (j) 7,500 (k) 55,000 (l) 750 (m) 9,000 (n) 2,000 $79,250 Trial Balance December 31, 20XX Debits Credits Cash $22,000 Arts and Crafts Supplies 1,000 Accounts Receivable 1,350 Revenue $58,000 Investments 3,000 Accounts Payable 1,500 Expenses 79,250 $103,600 $61,000 Statement of Cash Flows July 1, 20XX-December 31, 20XX Cash on hand July 1 $0 Increases in Cash $81,750 Investing $0 Financing $10,000 Operating $71,750 $81,750 Decreases in Cash $59,750 Investing $10,000 Financing $0 Operating $49,750 $59,750 Net increase (decrease) in Cash $22,000 Cash on hand December 31 $22,000 Statement of Activities (Profit loss Summary) July 1, 20XX-December 31, 20XX Temporarily Permanently Total Unrestricted Restricted Restricted Revenues Operating revenues Parent fees $41,750 $41,750 Subtotal $41,750 $41,750 Other revenues Multnomah Cont...