The Ombudsman Foundation is a private not-for-profit organization providing training in dispute resolution and contlict management. The Foundation had the following preclosing trial balance at December 31, 2020, the end of its fiscal year: Required: a. Prepare closing entries for the year-end, using separate entries for each net asset classification. b. Prepare a Statement of Activities for the year ended December 31, 2020 . c. Prepare a Statement of Financial Position as of December 31,2020. Complete this question by entering your answers in the tabs below. Prepare closing entries for the year-end, using separate entries for each net asset classification. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the year-end closing entry for net assets without donor restrictions. Note: Enter debits before credits. Prepare closing entries for the year-end, using separate entries for each net asset classification. (If no entry is required for a iransaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the year-end closing entry for net assets with donor restrictions. Note: Enter debits before credits. Prepare a Statement of Activities for the year ended December 31, 2020. (Amounts to be deducted should be indicated by a minus sign.) Complete this question by entering your answers in the tabs below. Prepare a statement of Financial fosition as of December 31, 2020. The Ombudsman Foundation is a private not-for-profit organization providing training in dispute resolution and contlict management. The Foundation had the following preclosing trial balance at December 31, 2020, the end of its fiscal year: Required: a. Prepare closing entries for the year-end, using separate entries for each net asset classification. b. Prepare a Statement of Activities for the year ended December 31, 2020 . c. Prepare a Statement of Financial Position as of December 31,2020. Complete this question by entering your answers in the tabs below. Prepare closing entries for the year-end, using separate entries for each net asset classification. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the year-end closing entry for net assets without donor restrictions. Note: Enter debits before credits. Prepare closing entries for the year-end, using separate entries for each net asset classification. (If no entry is required for a iransaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the year-end closing entry for net assets with donor restrictions. Note: Enter debits before credits. Prepare a Statement of Activities for the year ended December 31, 2020. (Amounts to be deducted should be indicated by a minus sign.) Complete this question by entering your answers in the tabs below. Prepare a statement of Financial fosition as of December 31, 2020
