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.
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