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The not-for-profit organization Accountants Ja Rule has a mission to promote the accounting profession in the local community. It is heavily supported by local accounting

The not-for-profit organization Accountants Ja Rule has a mission to promote the accounting profession in the local community. It is heavily supported by local accounting firms and businesses seeking to increase the number of individuals entering the profession. Following is the pre-closing trial balance for the organization.

Debit

Credit

Cash and cash equivalents

$

1,970

Investments

$

5,210

Pledges receivable

$

1,660

Allowance for uncollectible pledges

$

70

Accounts payable and accrued liabilities

$

2,180

Net assets without donor restrictions

$

2,534

Net assets with donor restrictions

$

4,296

Contributionswithout donor restrictions

$

6,920

Contributionswith donor restrictions

$

3,440

Interest incomewithout donor restrictions

$

110

Net assets releasedsatisfaction of program restrictionwithout donor restrictions

$

3,700

Net assets releasedsatisfaction of program restrictionwith donor restrictions

$

3,700

Outreach expenses

$

5,600

College recruitment expenses

$

3,910

Management and general expenses

$

850

Fund-raising expenses

$

350

Total

$

23,250

$

23,250

Prepare a statement of activities for the organization for the year ended December 31, 2020.

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