Question

Question #1: Completion of Annual statement 13 (points for correct categorization of Revenue, Expenses and calculations) Complete an Annual statement of Revenue and Expenses with the following information: Office Supplies $1500,00 Rent S12,300.00 Payroll $153,984.00 Insurance $3,800.00 Donations $13,500.00 Internet $13,000.00 Phones $900.00 Bank charges 5673.00 Audit S12,000.00 Government funding $180,000.00 Book sales $550.00 Sponsorships $3,000.00 Travel $1,483.00 Membership fees $550.00 Professional development S3500.00 Workshop fees $9,500.00 Fundraising $16,450.00 Photocopier lease S1800.00 Postage $445.00 Computers/technology $5,380.00 Promotions S462.00 Board Committee Expenses $135.00 Miscellaneous Income $50.00 Resources S678.00 Contractors $8900.00 Revenue Total Income Expenses

Answer 1

Revenues:
Donations	$   13,500.00
Government Funding	$ 180,000.00
Book sales	$        550.00
Sponsorship	$     3,000.00
Membership fees	$        550.00
Workshop fees	$     9,500.00
Fund Raising	$   16,450.00
Miscellaneous Income	$          50.00
Total Revenue		$ 223,600.00
Expenses:
Office Supplies	$     1,500.00
Rent	$   12,300.00
Payroll	$ 153,984.00
Insurance	$     3,800.00
Internet	$   13,000.00
Phones	$        900.00
Bank charges	$        673.00
Audit	$   12,000.00
Travel	$     1,483.00
Professional development	$     3,500.00
Photocopier lease	$     1,800.00
Postage	$        445.00
Computers/Technology	$     5,380.00
Promotions	$        462.00
Board committeee Expenses	$        135.00
Resources	$        678.00
Contractors	$     8,900.00
Total Expenses		$ 220,940.00
Net Income		$     2,660.00