Advantage Counseling Center is a Not-for-Profit Organization, which you have been entrusted to prepare the financial statements for. Given the following list of accounts and their balances, prepare the appropriate financial statement as of June 30, 2018. 

Cash $200,000 

Total Assets 460,000 

Accounts Payable 25,000 

Investments (at fair value) 130,000 

Temporarily Restricted Net Assets 70,000 

Accumulated Depreciation 120,000 

Pledges Receivable ($50,000 less uncollectible pledges of $???) 

Inventory 5,000 

Permanently Restricted Net Assets 165,000 

Unrestricted Net Assets 200,000 

Furniture and Equipment Cost 200,000 

Please show work and use excel. 

Answer rating: 100% (QA)

Statement of Financial Positions As on 3062018 Assets Notes Amounts Cur... View the full answer