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Simulation Question [30 points] Following are the pre-closing trial balance of East Bay Senior Citizens Center as of 12/31/2019. Without Donor Restrictions Debit Credit With Donor Restrictions Debit Credit Cash $3,300 $1,600 Pledges receivable $1,000 $500 Allowance for uncollectible pledges $300 Investments $3,200 Accrued interest receivable $100 Net assets, January 1, 2019 $6,700 $2,000 Contributions $1,200 $500 Membership dues $1,300 Program service fees $3,200 Grant from county $2,000 Grant from State $3,500 Unrealized & realized gains on investment $200 Investment income $100 Luncheon program expenses $8,000 Recreation program expenses $3,000 Administration expenses $300 $400 Net assets with donor restrictions-reclassification out- satisfaction of program restrictions Net assets without donor restrictions-reclassification in-satisfaction of program restrictions $400 $18,900 $18,900 $2,500 $2,500 Prepare a statement of financial position and a statement of activities at and for the year ended December 31, 2019. Please write your answer in the paper sheets provided. 1

          Simulation Question [30 points]
Following are the pre-closing trial balance of East Bay Senior Citizens Center as of 12/31/2019.
Without Donor
Restrictions
Debit Credit
With Donor
Restrictions
Debit
Credit
Cash
$3,300
$1,600
Pledges receivable
$1,000
$500
Allowance for uncollectible pledges
$300
Investments
$3,200
Accrued interest receivable
$100
Net assets, January 1, 2019
$6,700
$2,000
Contributions
$1,200
$500
Membership dues
$1,300
Program service fees
$3,200
Grant from county
$2,000
Grant from State
$3,500
Unrealized & realized gains on investment
$200
Investment income
$100
Luncheon program expenses
$8,000
Recreation program expenses
$3,000
Administration expenses
$300
$400
Net assets with donor restrictions-reclassification out-
satisfaction of program restrictions
Net assets without donor restrictions-reclassification
in-satisfaction of program restrictions
$400
$18,900 $18,900 $2,500 $2,500
Prepare a statement of financial position and a statement of activities at and for the year
ended December 31, 2019. Please write your answer in the paper sheets provided.
1

Simulation Question [30 points]
Following are the pre-closing trial balance of East Bay Senior Citizens Center as of 12/31/2019.
Without Donor
Restrictions
Debit Credit
With Donor
Restrictions
Debit
Credit
Cash
3,3001,600
Pledges receivable
1,000500
Allowance for uncollectible pledges
300
Investments3,200
Accrued interest receivable
100
Net assets, January 1, 20196,700
2,000
Contributions1,200
500
Membership dues1,300
Program service fees
3,200
Grant from county2,000
Grant from State
3,500
Unrealized realized gains on investment200
Investment income
100
Luncheon program expenses8,000
Recreation program expenses
3,000
Administration expenses300
400
Net assets with donor restrictions-reclassification out-
satisfaction of program restrictions
Net assets without donor restrictions-reclassification
in-satisfaction of program restrictions400
18,90018,900 2,5002,500
Prepare a statement of financial position and a statement of activities at and for the year
ended December 31, 2019. Please write your answer in the paper sheets provided.
1

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