Jelly Rot

Phlebia tremellosa

Widespread in North America, and can be found on the dead wood of hardwoods or, occasionally, conifers. Its typical form is a classic example of what mycologists call an "effused-reflexed" fruiting body; it spreads its spore-bearing surface over the wood and musters up just enough cap-making umph to fold over its upper edge into a slight extension. Other distinguishing features include the translucent, orangish to pinkish spore-bearing surface, which develops deep folds and pockets; the whitish, hairy upper edge
Trembling Merulius (Phlebia tremellosa) Growing on a hardwood log in a dense mixed forest.
https://www.jungledragon.com/image/70631/trembling_merulius_phlebia_tremellosa.html
https://www.jungledragon.com/image/70630/trembling_merulius_phlebia_tremellosa.html
https://www.jungledragon.com/image/70629/trembling_merulius_phlebia_tremellosa.html Fall,Geotagged,Jelly Rot,Phlebia tremellosa,Trembling Phlebia,United States

Appearance

Fruiting Body: 3-10 cm across; irregularly shaped; resupinate except for a stubby upper edge; upper surface where developed woolly and whitish; without a stem; up to about 5 mm thick.

Undersurface: Translucent; often somewhat gelatinous; orangish to pinkish, or orange to red when mature; elaborately wrinkled and pocketed, giving the illusion of being irregularly poroid.

Flesh: Whitish; very thin.
Trembling Phlebia - Phlebia tremellosa 
Fruiting bodies: 3-7 cm wide; upper edges forming a woolly cap; flesh was gelatinous; undersurface wrinkled with no distinct pores; stem absent

Habitat: Growing on the cut end of logs in a mixed forest Fall,Geotagged,Jelly Rot,Phlebia tremellosa,United States,trembling phebia

Naming

Merulius tremellosus

References:

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http://www.mushroomexpert.com/phlebia_tremellosa.html
Taxonomy
KingdomFungi
DivisionBasidiomycota
ClassAgaricomycetes
OrderPolyporales
FamilyMeruliaceae
GenusPhlebia
SpeciesPhlebia tremellosa