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Following are the preclosing fund trial balances as of December 31, for Oliver's Place, a nonprofit. Prepare a statement of activities for the year ended
Following are the preclosing fund trial balances as of December 31, for Oliver's Place, a nonprofit.
\begin{tabular}{|c|c|c|c|} \hline & \multicolumn{2}{|l|}{ Debit } & Credit \\ \hline Cash & \multicolumn{2}{|c|}{$9,900} & \\ \hline Contributions receivable & \multicolumn{2}{|c|}{18,000} & \\ \hline Investments & \multicolumn{2}{|c|}{19,800} & \\ \hline Allowance for uncollectible contributions & & $4,500 \\ \hline Contribution revenue-Support without donor restrictions & & 103,500 \\ \hline Contributed services-Support without donor restrictions & & & 9,000 \\ \hline Investment income, without donor restrictions & \multirow{2}{*}{\multicolumn{2}{|c|}{44}} & 900 \\ \hline Unrealized investment gains, without donor restrictions & & & 1,800 \\ \hline \multicolumn{3}{|l|}{ Net assets without donor restrictions - Reclassifications in - } & \\ \hline satisfaction of program restrictions & \multirow{2}{*}{\multicolumn{2}{|c|}{45,000}} & 2,700 \\ \hline Care of animals expenses & & & \\ \hline Special programs expenses & \multicolumn{2}{|c|}{2,700} & \\ \hline Administrative expenses & \multicolumn{2}{|c|}{27,000} & \\ \hline \multirow[t]{2}{*}{ Combined total } & \multicolumn{2}{|c|}{$122,400} & $122,400 \\ \hline & Debit & \multicolumn{2}{|c|}{ Credit } \\ \hline Cash & $12,600 & \multirow{2}{*}{\multicolumn{2}{|c|}{$15,300}} \\ \hline Contribution revenue-Support with donor restrictions & & & \\ \hline Net assets with donor restrictions - Reclassifications out- & \multirow[b]{2}{*}{2,700} & & \\ \hline satisfaction of program restrictions & & & \\ \hline \multirow[t]{2}{*}{ Combined total } & $15,300 & 00$15,3 & 300 \\ \hline & Debit c & Credit & \\ \hline Investments & $42,300 & & \\ \hline Contribution revenue-Support with donor restrictions & & $45,000 & \\ \hline Unrealized investment losses, with donor restrictions & 2,700 & & \\ \hline Combined total & $45,000 & $45,000 & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \begin{tabular}{r} Oliver's \\ Statement \\ For the Year Ende \end{tabular} & \begin{tabular}{l} Place \\ f Activities \\ ed December \\ Without \\ Donor \\ Restrictions \end{tabular} & \begin{tabular}{l} With Donor \\ Restrictions \end{tabular} & Total & \\ \hline Revenues, Gains and Other Support: & & & & \\ \hline Contributions & $ & 0 & $ & 0 \\ \hline Contributed services & 0 & 0 & & 0 \\ \hline Investment income & 0 & 0 & & 0 \\ \hline Realized/unrealized invest. gains (losses) & 0 & 0 & & 0 \\ \hline Net assets released from restrictions: & & & & \\ \hline satisfaction of program restrictions & 0 & 0 & & 0 \\ \hline Total revenues, gains and other support & 0 & 0 & & 0 \\ \hline Expenses: & +1 & & & \\ \hline Care of animals expense & 0 & 0 & & 0 \\ \hline Special programs expense & 0 & 0 & & 0 \\ \hline Administrative expenses & 0 & 0 & & 0 \\ \hline Total expenses & 0 & 0 & & 0 \\ \hline Change in net assets & 0 & 0 & & 0 \\ \hline Net assets, beginning of year & 0 & 0 & & 0 \\ \hline Net assets, end of year & $ & 0 & $ & 0 \\ \hline \end{tabular} Oliver's Place Statement of Financial Position December 31 \begin{tabular}{|c|c|c|} \hline Assets: & & \\ \hline Cash & $ & 0 \\ \hline Contributions receivable, net & & 0 \\ \hline Investments & & 0 \\ \hline Investments restricted for endowment & & 0 \\ \hline Total assets & $ & 0 \\ \hline Liabilities and Net Assets: & & \\ \hline Liabilities & $ & 0 \\ \hline Net assets: & & \\ \hline Without donor restrictions & & 0 \\ \hline With donor restrictions: & & 0 \\ \hline Time restricted only (for use in next fiscal year) & & 0 \\ \hline Purpose restricted & & 0 \\ \hline Perpetual in nature (net) & & 0 \\ \hline Total liabilities and net assets & $ & 0 \\ \hline \end{tabular} Prepare a statement of activities for the year ended December 31; also prepare a statement of financial position as of December 31.
Note: Contribution revenue - Support with donor restrictions includes: $1,800 classified as Purpose restricted and $10,800 that cannot be used until next fiscal year.
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