Dao Mhing Shu Co. was incorporated in January 2019.

The following
transactions occurred during a three-month period.

On Jan.31, a donor contributes 10,000 without restriction, for the operation of

Dao Co.

Cash 10,000.00
Revenue: Contributions- Without Restriction 10,000.00

On Feb.1, Dao rents office space. A check is written for 2,000. This covers a
one-time security deposit of 1,000 plus the February office rent of 1,000.

Security Deposit 1,000.00

Rent Expense 1,000.00
Cash 2,000.00

On Feb.2, Dao received contribution of 8,000 that the donor specifies must be
used for the purchase of furniture.

Cash 8,000.00
Revenue: Contributions- With Restriction 8,000.00

At the end of February, the electricity and heating invoice has not arrived. It is
estimated that the amount for February's usage was 350.

Utilties Expense 350

Accrued Expense 350

During March, Dao paid 8,300 to purchase furniture using donor restricted
donation of 8,000.

Furniture 8,300.00
Cash 8,300.00

Revenue: Contributions- With Restriction 8,000.00

Revenue: Contributions- Without Restriction 8,000.00
 Statement of Financial Position Statement o
Jan. 31, 2019 For the month ende
Assets Liabilities and Net Assets
Cash 10,000.00 Liabilities -
Net Assets Revenues
Without Donor Restriction 10,000.00 Contributions
Total Assets 10,000.00 Total Liabilities and Net Assets 10,000.00 Expenses
Program
Gen and Admin
Fundraising
Change in Net Assets
+Net Assets- beginning
=Net Assets-ending*

Statement of Financial Position Statement o

Feb. 28, 2019 For the month ended
Assets Liabilities and Net Assets
Cash 16,000.00 Accrued Expense 350.00
Security Deposit 1,000.00 Net Assets
Without Donor Restriction 8,650.00 Revenues
With Donor Restriction 8,000.00 Contributions
Total Assets 17,000.00 Total Liabilities and Net Assets 17,000.00 Expenses
Program
Gen and Admin
Fundraising
Change in Net Assets
+Net Assets- beginning
Statement of Financial Position =Net Assets-ending*
Feb. 28, 2019
Assets Liabilities and Net Assets
Cash 7,700.00 Accrued Expense 350.00 Statement o
Security Deposit 1,000.00 Net Assets For the month ende

Furniture 8,300.00 Without Donor Restriction 16,650.00

With Donor Restriction - Revenues
Total Assets 17,000.00 Total Liabilities and Net Assets 17,000.00 Contributions
Release from Restriction
Expenses
Program
Gen and Admin
Fundraising
Change in Net Assets
+Net Assets- beginning
=Net Assets-ending*
 Statement of Activities
For the month ended January 31, 2019
Without Donor With Donor
Total
Restrictions Restrictions

10,000.00 10,000.00

10,000.00 10,000.00

Statement of Activities
For the month ended February 28, 2019
Without Donor With Donor
Total
Restrictions Restrictions

10,000.00 8,000.00 18,000.00

-
(1,350.00) (1,350.00)
-
8,650.00 8,000.00 16,650.00

8,650.00 8,000.00 16,650.00

Statement of Activities
For the month ended March 31, 2019
Without Donor With Donor
Total
Restrictions Restrictions

10,000.00 8,000.00 18,000.00

8,000.00 (8,000.00)

-
(1,350.00) (1,350.00)
-
16,650.00 - 16,650.00

16,650.00 - 16,650.00
Shan Cai Co. was incorporated in January 2019. The following transactions
occurred during the year.

Received cash arising from: Cash

Tuition Fee 100,000.00 Equipment
Contribution Total
Unrestricted 30,000.00
Temporary restricted- time 20,000.00
Temporary restricted- purpose 40,000.00
Permanently restricted 10,000.00 Revenue- TF
Contribution
Cash 200,000.00 Total
Revenue- Tuition Fee 100,000.00 Release
Contribution- UR 30,000.00
Contribution- TR 60,000.00 Total
Contribution- PR 10,000.00 Expenses
Increase in NA
Payment of expenses of 35,000 of which 7,000 is from restricted (purpose) NA Beg
NA End
Expenses 35,000.00
Cash 35,000.00

Contribution- TR 7,000.00
Contribution- UR 7,000.00

Purchase equipment amounting to 25,000 and is financed with donor restricted cash

Equipment 25,000.00
Cash 25,000.00

Contribution- TR 25,000.00
Contribution- UR 25,000.00
 140,000.00 Net Assets 165,000.00
25,000.00
165,000.00 165,000.00

UR TR P Total
Revenue- TF 100,000.00 100,000.00
Contribution 30,000.00 60,000.00 10,000.00 100,000.00
130,000.00 60,000.00 10,000.00 200,000.00
7,000.00 (7,000.00) -
25,000.00 (25,000.00) -
162,000.00 28,000.00 10,000.00 200,000.00
(35,000.00) (35,000.00)
Increase in NA 127,000.00 28,000.00 10,000.00 165,000.00
- - - -
127,000.00 28,000.00 10,000.00 165,000.00