A . Make all necessary journal entries to record these transactions . Expense transactions should be initially recorded by object classification ; in entry 10 , expenses will be allocated to functions .
B . Prepare a statement of activities for the year ended December 31 , 2014 .
C . Prepare a statement of financial position for the year ended December 31 , 2014 .
D . Prepare a statement of cash flows for the year ended December 31 , 2014 .
E . Prepare a statement of functional expenses for the year ended December 31 , 2014 .
This case study is adapted from Problem 13-8 in Reck , J ., Lowensohn , S ., & Wilson , E . ( 2013 ). Accounting for governmental and nonprofit entities ( 16th ed .). New York , NY : McGraw-Hill / Irwin