1 2,000 Following is a pre-closing trial balance for Mitchell County Services at 12/31/20. Assume amounts are without donor restriction unless indicated otherwise. Debit Credit Cash 7,000 Cash - With Donor Restriction 4,200 Contributions receivable (restricted for specific program) Allowance for uncollectible pledges 600 Investments (principal held in perpetuity per donor) 6,400 Furniture and Equipment (no restrictions) 20,000 Accumulated depreciation, furniture & equipment (no restrictions) 12,000 Accounts payable 800 Net assets Without Donor Restriction (1/1/20) 17,800 Net assets With Donor Restriction-Programs (1/1/20) 1 400 Net assets With Donor Restriction-Permanent Endowment (1/1/20) 6,400 Contributions 3,000 Contributions With Donor Restriction 5,400 Program service fees-Without Donor Restriction 6,000 State grants With Donor Restriction 8,600 Investment income 400 Net Assets Released from Restriction - With Donor Restriction 8,800 Net assets Released from Restriction Without Donor Restriction 8,800 Salaries and related expenses 15,000 Occupancy expenses 2,400 Printing and communications 1,400 Depreciation expense 2,000 Other expenses 1,000 70,200 70,200 Instruction. From the trial balance please conto the following in this MacBook Air FS-15 1 125% fx .. View Zoom Formula Table Chart FS-Func1b Instructions: From the trial balance, please complete the following in this order: 1st. Statement of Expenses by Nature and Function for the year ended December 31, 2020. 2nd. Statement of Activities for the year ended December 31, 2020. 3rd. Statement of Financial Postion at December 31, 2020. 4th. Prepare closing entries, including any applicable reclassifications of the net asset accounts Counseling Domestic Management & Details about functional expenses: Fundraising Salaries and related expenses 5.000 6.000 1.000 3.000 Occupancy expenses 1.200 400 200 600 Printing and communications 400 600 Depreciation expense 1,000 400 100 Other expenses 200 200 200 Worksheet for Statement of Expenses by Nature and Function is in separate worksheet tab in the Excel file. Mitchell County Services Statement of Activities Year ended December 31, 2020 200 200 500 Without Donor With Donor Restriction Restriction Revenues, Gains and Other Support: Contributions Program Service fees State Grants Investment income Net assets released from restriction Total revenues, gains and other support Expenses a losses: Program services: Counseling Program MacBook Air > rogram Service fees tate Grants nvestment income Het assets released from restriction Total revenues, gains and other support Expenses & losses: Program services: Counseling Program Domestic program Total program expenses Support expenses: Management & General Fundraising Total support expenses Total expenses & losses Change in Net assets Net assets, January 1, 2020 (from TB) Net assets, December 31, 2020 (to SFP) Mitchell County Services Statement of Financial Position MacBook Air O 125% Shape Media Comment FS-1a FS-Func 1b Mitchell County Services Statement of Financial Position As of December 31, 2020 Assets Liabilities & Net Assets Prepare these closing entries last. Mitchell County MacBook Air D View 125% Zoom fxTM Formula Table Chart Text Shape FS-Fune 16 + ES.la Media Comment Prepare these closing entries last. Mitchell County Services General Journal - Closing Entries Year ended December 31, 2020 (0-Close Revenues Without Donor Restriction (2) - Close Revenues With Donor Restriction (3) - Close NA Released accounts (4)-Close Expenses (natural classification) MacBook Air