Complete the Excel Sheet based on the instruction attachment
Whenever you have the word “net” in front of something, think of it as what is left over after deducting expenses from revenue or deducting depreciation from equipment/property.
For Excess of revenues over expenses, subtract total expenses from total revenue.
For assets that have been released, they would be subtracted from net assets i.e. become a negative number, placed in parentheses.
Your increase in net assets is determined by using the excess revenue and then subtracting any transfers or releases.
For beginning balance, net assets – add both restricted and unrestricted net assets together.
There may be numbers in the sheets/statements that you do not use
I hope this helps!
