- Chapter 12 Accounting For Not For Profit Organizations 479 P12 6 Preparation Of Financial Statements For A Vhwo Foll 1 (40.68 KiB) Viewed 57 times
Chapter 12 • Accounting for Not-for-Profit Organizations 479 P12-6 (Preparation of financial statements for a VHWO) Following are the preclosing trial balances of Marilyn Township Senior Citizens Center as of December 31, 2013. Prepare a
statement of financial position and a
statement of activities at and for the year ended December 31, 2013. Temporarily Restricted Debit Credit $1,600 500 Unrestricted Debit Credit $3,000 1,000 $ 300 3,200 100 6,700 1,000 1,500 3,000 2,500 2,500 200 100 7,200 3,400 300 Cash Pledges receivable Allowance for uncollectible pledges Investments Accrued interest receivable Net assets, January 1, 2013 Contributions Membership dues Program service fees Grant from county Grant from state Unrealized and realized gains on investments Investment income Luncheon program expenses Recreation program expenses Administration expenses Temporarily restricted asset reclassifications out- satisfaction of program restrictions Unrestricted asset reclassifications in-satisfaction of program restrictions $2,000 500 400 400 $18,200 $18,200 $2,500 $2,500