Question: Journal entry worksheet Record the year-end closing entry for net assets without donor restrictions. Note: Enter debits before credits. Journal entry worksheet Record the year-end










Journal entry worksheet Record the year-end closing entry for net assets without donor restrictions. Note: Enter debits before credits. Journal entry worksheet Record the year-end closing entry for net assets without donor restrictions. Note: Enter debits before credits. Journal entry worksheet Record the year-end closing entry for net assets with donor restrictions. Notei Enter debits before credits. The Ombudsman Foundation is a private not-for-profit organization providing training in dispute resolution and conflict management The Foundation had the following preclosing trial balance at December 31,2020 , the end of its fiscai year: Required: a. Prepare closing entries for the year-end, using separate entries for each net asset classification. b. Prepare a Statement of Activities for the year ended December 31, 2020 c. Prepare a Statement of Financial Position as of December 31, 2020 Journal entry worksheet Record the year-end closing entry for net assets without donor restrictions. Note: Enter debits before credits: Journal entry worksheet Record the year-end closing entry for net assets without donor restrictions. Note: Enter debits before credits. Journal entry worksheet Record the year-end closing entry for net assets without donor restrictions. Note: Enter debits before credits: Prepare a Statement of Financial Position as of December 31,2020 . Tepare closing entries for the year-end, using separate entries for each net asset classification. (If no entry is required for a ransactionvevent, select "No Journal Entry Required" in the first account field.) Journal entry worksheet 2 Record the year-end closing entry for net assets without donor restrictions. Note: Enter debits before credits. Required B
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