The Chicago History Museum is a privately funded institution that promotes the history of Chicago and Illinois. It receives support from member ships, fees, grants and investment income. Suppose that the Museum s unadjusted trial balance at June 30, 2013, is as follows: Additional Information: 1. At the end of fiscal 2013, documented pledges were received in the amount of $5,000,000 per year for the next 10 years. These pledges have not been recorded. The appropriate discount rate is 4%, and no amounts are estimated to be uncollectible. 2. In fiscal 2012, the Museum received and properly recorded as restricted contributions a documented pledge in the amount of $10,000,000 per year for five years, to cover operating expenses. In fiscal 2013, the Museum recorded receipt of the first $10,000,000 installment as an unrestricted contribution. The appropriate discount rate is 4%. 3. The Museum recorded a $2,500,000 conditional contribution received in 2013 as an unrestricted contribution. The condition has not been met as of the fiscal year-end. 4. The Museum used $27,500,000 in donations restricted to the building fund for construction activities. This was recorded as an increase in land, buildings and equipment. The Museum also spent $4,000,000 in donations restricted to specific program activities, recorded as an increase in expenses for exhibitions and programs. Both expenditures reduced cash. 5. The following donated services were not recorded. Estimated fair values

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