Following are the preclosing trial balances of Marilyn Township Senior Citizens Center as of December 31, 2013.
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Following are the preclosing trial balances of Marilyn Township Senior Citizens Center as of December 31, 2013. Prepare a statement of financial position and a statement of activities at and for the year ended December 31,2013.
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Temporarily Debit Credit Debit Credit Cash Pledges receivable Allowance for uncollectible pledges 3,000 1,000 $1,600 $ 300 3,200 100 Accrued interest receivable Net assets, January 1, 2013 Contributions Membership dues Program service fees Grant from county Grant from state Unrealized and realized gains on investments Investment income Luncheon program expenses Recreation program expenses Administration expenses Temporarily restricted asset reclassifications out- 6,700 1,000 1,500 $2,000 2,500 2,500 100 7,200 3,400 300 400 satisfaction of program restrictions Unrestricted asset reclassifications in-satisfaction of program restrictions 400 $18,200 18,200 ,500 $2,500
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Related Book For
Introduction to Governmental and Not for Profit Accounting
ISBN: 978-0132776011
7th edition
Authors: Martin Ives, Terry K. Patton, Suesan R. Patton
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