Cash
Prepaid
Expense
Property,
Plant and
Equipment
Deferred
Revenue
Notes
Payable
Beginnin
g
Balance
1 100,000 100,000
2(12,000) 12,000 Note: Allow 2 and 12 together
3(4,500) 4,500
4(50,000) 50,000
5(1,000) (1,000) Advertising Expense
Unrestricted
Transactions Worksheet
Assets
Liabilities
Net Assets
Temporarily Restricted
8
Ending
Assets 2011 Liabilities 2011
Current Assets Current Liabilities
Cash $67,500 Deferred Revenue $40,000
Prepaid Expense 0 Total Current Liabilities $40,000
Total Current Assets $67,500
TIC
Balance Sheet
As of Fiscal Year End 2011
Long-Term Assets Note Payable $100,000
PPE, net $3,000 Total Long-Term Liabilities $100,000
Total Long-Term Assets $3,000
Revenues and Support Unrestricted Temp Restricted Total
Tutoring Revenue $50,000 0 $50,000
Donations 0 25,000 25,000
Satisfaction of Restriction
10,000 (10,000) –
Total Revenue $60,000 15,000 75,000
TIC
Statement of Activities
For the Year Ending 2011
Tutor Compensation $125,000 125,000
Interest 5,000 5,000
Total Expenses $144,500 144,500
Cash from Operating Activities
Change in Net Assets ($69,500)
Depreciation 1,500
Changes in Current Assets
Prepaid Expenses 0
Changes in Current Liabilities
Deferred Revenue 40,000
Net Cash from Operations ($28,000)
TIC
Cash Flow Statement
For the Year Ending 2011
Cash from Investing Activities
Furniture purchase (4,500)
Net Cash from Investments ($4,500)
Cash from Financing Activities
Note Payable 100,000
Net Cash from Financing $100,000
Net Change in Cash $67,500
Cash, Beginning $0
Cash Inventory
Property,
Plant, and
Equipment
Restricted
Investment
Accounts
Payable
Wages
Payable
Advance
Mortgage
Payable
Beginning
Balance
$340,000 $0 $0 $0 $4,000 $36,000 $0 $120,000 $180,000 $0
1 150,000 150,000
2(9,000) 9,000
3(30,000) (30,000)
4(10,000) (5,000) (5,000) Interest Expense
5(6,000) 6,000
6a 80,000 80,000 Sales Revenue
Transactions Worksheet
Assets
Liabilities
Net Assets
Unrestricted
Permanently Restricted
8(10,000) 10,000
9(25,000) (25,000) Wage Expense
Assets 2011 2010 Liabilities 2011 2010
Current Assets Current Liabilities
Cash $483,000 $340,000 Accounts Payable $22,000 $4,000
Inventory $15,000 $0 Wages Payable $6,000 $36,000
Advance 150,000 $0
Total Current Assets $498,000 $340,000 Current Portion of Mortgage 6,000 5,000
Total Current Liabilities $184,000 $45,000
TOPP
Balance Sheet
As of Fiscal Year End 2011
Long-Term Assets Long-Term Liabilities
PPE, net $5,000 $0 Mortgage Payable $109,000 $115,000
Restricted Cash $50,000 $0 Total Long-Term Liabilities $109,000 $115,000
Total Long-Term Assets $55,000 $0
Permanently Restricted $50,000 0
Total Net Assets $260,000 $180,000
Revenues and Support Unrestricted Perm. Restricted Total
Sales Revenue $80,000 0 $80,000
Investment Income $3,000 $3,000
Donations 50,000 50,000
Total Revenue $83,000 50,000 133,000
TOPP
Statement of Activities
For the Year Ending 2011
Interest 5,000 5,000
Total Expenses $53,000 53,000
Cash from Operating Activities
Change in Net Assets $80,000
Depreciation 5,000
Changes in Current Assets
Inventory (15,000)
Changes in Current Liabilities
Accounts Payable 18,000
Wages Payable (30,000)
Advance 150,000
Net Cash from Operations $208,000
TOPP
Cash Flow Statement
For the Year Ending 2011
Cash from Investing Activities
Equipment Purchase (10,000)
Net Cash from Investments ($10,000)
Cash from Financing Activities
Mortgage Payable (5,000)
Endowment Investment (50,000)
Net Cash from Financing ($55,000)
Net Change in Cash $143,000
Cash, Beginning $340,000