Following are the preclosing trial balances of Marilyn Township Senior Citizens Center as of December 31, 2013.
Question:
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.
Transcribed Image Text:
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
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 88% (9 reviews)
Marilyn Township Senior Citizens Center Statement of Activities Year Ended December 31 2013 Temporar...View the full answer
Answered By
Somshukla Chakraborty
I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal.
I have completed my graduation and master's in history from Jadavpur University Kolkata,India in 2012 and I have completed my B.Ed from the same University in 2013. I have taught in a reputed school of Kolkata (subjects-History,Geography,Civics,Political Science) from 2014-2016.I worked as a guest lecturer of history in a college of Kolkata for 2 years teaching students of 1st ,2nd and 3rd year. I taught Ancient and Modern Indian history there.I have taught in another school in Mohali,Punjab teaching students from classes 9-12.Presently I am working as an online tutor with concept tutors,Bangalore,India(Carve Niche Pvt.Ltd.) for the last 1year and also have been appointed as an online history tutor by Course Hero(California,U.S) and Vidyalai.com(Chennai,India).
4.00+
2+ Reviews
10+ Question Solved
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
Question Posted:
Students also viewed these Accounting questions
-
Prepare a statement of financial position and a statement of income for CS Co. as of, and for the year ended, December 31, 2020. You may combine accounts as appropriate (your judgment). Note that...
-
An air parcel starting at the surface (0 km) is lifted up a 3 km high mountain over to the surface (0 km) on the other side. The initial temperature is 20C and initially e is 6 mb. How does the...
-
A comparative statement of financial position and a statement of earnings for Standard Card Company follow: STANDARD CARD COMPANY Statement of Financial Position STANDARD CARD COMPANY Statement of...
-
Define a passive portfolio construction strategy and briefly discuss how reasonable it might be for an investor to pursue a passive strategy. Explain the role of risk aversion in the construction of...
-
Find the future value of an annuity due of $7,800 annually for two years at 8.1% annual interest. Find the total amount invested. Find the interest.
-
John eats rice that costs $5 per pound and pasta that costs $10 per pound. The relative price of 1 pound of pasta is 2 pounds of rice. At their current prices, John consumes 1 pound of pasta and 2...
-
A composite shaft is fabricated by bonding an isotropic solid shaft having shear modulus \(G_{1}\), and outside radius \(r_{1}\), inside a hollow isotropic shaft having shear modulus \(G_{2}\) and...
-
On July 1, 2015, Flanagin Corporation issued $2,000,000, 10%, 10-year bonds at $2,271,813. This price resulted in an effective-interest rate of 8% on the bonds. Flanagin uses the effective-interest...
-
I deposit money into an ordinary annuity that earns 4.8% interest, compounded monthly. How much money do I need to deposit into the annuity every month to have a final value of 73,000 in 16 years?
-
Name the following carboxylic acid derivatives, giving both a common name and an IUPAC name where possible. (a) PhCOOCH2CH(CH3)2 (b) PhOCHO (c) PhCH(CH3) COOCH3 (d) PhNHCOCH2CH(CH3)2 (e) CH3CONHCH2Ph...
-
Youth Services Agency (YSA) is a VHWO that provides counseling and recreation programs for youthful offenders. YSAs programs are financed through a contract with the county in which the agency is...
-
For each of the following transactions, discuss the issues, and state the appropriate accounting solution: 1. The Society to Eliminate Hunger spent $ 8,000 to prepare and mail a two- page brochure to...
-
Plastic Recycling Company is just starting operations with new equipment costing $30,000 and a useful life of five years. At the end of five years the equipment probably can be sold for $5,000. The...
-
Miguel's bank is offering savings accounts with 4% interest compounded continuously. If Miguel invests $500, how much will he have in the account after 2 years?
-
p=17 q=13 e=7 d=55 If the plaintext is m=7, then what is the ciphertext c ?
-
Given the function f(x)=x^(3), write a function g(x) that is: f(x) reflected across the y-axis and then stretched vertically by 8 .
-
Cultural diversity is about many different groups with different interests, skills, talents, and needs. Demonstrate THREE (3) key factors of cultural diversity which impact on consumer behavior.
-
A certain forest covers an area of 3200km^(2). Suppose that each year this area decreases by 6%. What will the area be after 15 years? Use the calculator provided and round your answer to the nearest...
-
Find the min and max of (x) = x p (1 x) q on [0, 1] where p, q > 0.
-
Perform the indicated operations. In designing a cam for a fire engine pump, the expression is used. Simplify this expression. (3) (3 4 32
-
Show the details of going from (49.19) to (49.20). Data From Equation 49.19 and 49.20:- 2mik Ri(k;r) ji(kr) - So dr'r' ji(kr
-
For an asset that fits into the MACRS "All property not assigned to another class" designation, show in a table the depreciation and book value over the asset's l0-year life of use. The cost basis of...
-
A company that manufactures food and beverages in the vending industry has purchased some handling equipment that cost $75,000 and will be depreciated using MACRS GDS. The class life of the asset is...
-
Consider five depreciation schedules: They are based on the same initial cost, useful life, and salvage value . Identify each schedule as one of the following Straight-line depreciation ....
-
An air stripping tower is being designed to treat carbon tetrachloride from 500 to 5 g/L at a temperature of 25 C with a stripping factor of 8. Determine the operating airtowater ratio
-
If the wind force has a magnitude of 65 N , with what tension must the worker pull in order to move the box at a constant velocity? Express your answer with the appropriate units
-
1. Write sonic anemometer, thermal (hot wire) anemometer, cup anemometer, or pitot tube after the statement that best describes its basic principle of operation. [4 points] a. Infers wind speed from...
Study smarter with the SolutionInn App