P12 - 5 ( Preparation of financial Statements for a VHWO ) Following are the preclosing trial balances of Marilyn Township Senior Citizens Center at December 31 , 20.04 . Temporarily Unrestricted Restricted Debit Credit Debit Credit Cash $ 3,000 $ 1, 60.0 Pledges receivable* 1, 000 500 Allowance for uncollectible pledges 300 Investments* 3, 200 Accrued interest receivable 100 Net assets , January 1 , 20:04 6, 700 $ 2, 000 Contributions* 1, 000 5.010 Membership dues 1, 50.0 Program service fees 3, 000 Grant from county* 2.5010 Grant from state* 2, 500 Unrealized and realized gains on investments* 200 Investment income* 100 Luncheon program expenses 7, 200 Recreation program expenses 3, 400 Administration expenses 3.00 Temporarily restricted asset reclassifications out - satisfaction of program restrictions Unrestricted asset reclassifications in - satisfaction of program restrictions* 4010 $18, 200 $ 18, 2010 $ 2. 50 0 $ 2. 5010