ACCOUNTING FOR GOVERNMENTAL AND NONPROFIT ORGANIZATIONS

The Thermopolis Senior Citizens Center had the attached preclosing trial balances at December 31, 20X6 REQUIRED: Prepare a Statement of Activities, in proper form, for the year ending December 31, 20X6 Prepare a Statement of Financial Position, in proper form, at December 31, (2) THERMOPOLIS SENIOR CITIZENS CENTER TRIAL BALANCE AT DECEMBER 31, 20X6 Unrestricted Temporarily Restricted Debits Credits Debits Credits Cash Pledges Receivable Allowance For Uncollectible Pledges 3,000 1,600 1,000 500 300 3,200 Accrued Interest Receivable Net Assets, January 1, 20X6 Contributions Membership Dues Program Service Fees Grant From County Grant From State Unrealized and Realized Gains on Investments Investment Income 100 6,700 1,000 1,500 3,000 2,500 2,500 200 100 2,000 500 THERMOPOLIS SENIOR CITIZENS CENTER TRIAL BALANCE (CONTINUED) AT DECEMBER 31. 20X6 Unrestricted Temporarily Restricted Debits Debits Credits Credits Luncheon Program Expenses Recreation Program Expenses Administration Expenses Net Assets Released--Satisfaction of Program 7,200 3,400 300 Restrictions-Temporarily Restricted Net Assets Released--Satisfaction of Program 400 Restrictions-Unrestricted 400 Totals 18,200 S 18,200 S 2,500 S 2,500