Business, 22.04.2020 00:10 admierewebb

The not-for-profit organization Accountants Rule has a mission to promote the accounting profession in the local community.

It is heavily supported by local accounting firms and businesses seeking to increase the number of individuals entering the profession.

Following is the pre-closing trial balance for the organization:

Debit Credit
Cash and cash equivalents $985
Investments 2,605
Pledges receivable 830
Allowance for uncollectable pledges $35
Accounts payable and accrued liabilities 1,090
Unrestricted net assets 1,267
Temporary restricted net assets 2,148
Contributions unrestricted 3,460
Contributions temporarily restricted 1,720
Interest income-unrestricted 55
Net assets released-satisfaction of program restriction, unrestricted 1,850
Net assets released-satisfaction of program restriction, temporarily restricted 1,850
Outreach expenses 2,800
College recruitment expense 1,955
Management and general expenses 425
Fund raising expenses 175
Total $11,625 $11,625
Required:

In good form, prepare a Statement of Activities for the organization for the year ended December 31, 2017.

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The not-for-profit organization Accountants Rule has a mission to promote the accounting profession...

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