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Attached are the preclosing trial balances of Marks Community Center. Prepare 1. a statement of financial position and 2. a statement of activities for the
Attached are the preclosing trial balances of Marks Community Center. Prepare 1. a statement of financial position and 2. a statement of activities for the Month ended December 31, 2018.
Marks Community Center | ||||
Trial Balance | ||||
December 31, 2018 | ||||
Without Donor Restrictions | With Donor Restrictions | |||
Account Title | Debit | Credit | Debit | Credit |
Cash | 3,000 | 1,600 | ||
Pledges receivable | 1,000 | 500 | ||
Allowance for uncollectible pledges | 300 | |||
Investments | 3,200 | |||
Accrued interest receivable | 100 | |||
Net assets, January 1 2018 | 6,700 | 2,000 | ||
Contributions | 1,000 | 500 | ||
Membership Dues | 1,500 | |||
Program service fees | 3,000 | |||
Grant from county | 2,500 | |||
Grant from state | 2,500 | |||
Unrealized and realized gains on investments | 200 | |||
Investment income | 100 | |||
luncheon Program Expense | 7,200 | |||
Recreation program expense | 3,400 | |||
Administration expenses | 300 | |||
Net assets with donor-reclassifications out-satisfaction of program restrictions | 400 | |||
Net assets with donor-reclassifications in-satisfaction of program restrictions | 400 | |||
18,200 | 18,200 | 2,500 | 2,500 |
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