You are to use this information to prepare the statement of


Question Description:

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You are to use this information to prepare the statement of activities for the Community Society for 2011 (use the tab marked “Statement of Activities”) Unit 7 Assign. File (1).xlsx Use the data and following the instructions contained on the "Data-Instructions" tab Prepare the Statement of Activities as directed on the "Statement of Activities" tab The following information was taken from the accounts and records of the Community Society, a non-governmental not-for-pro The balances are as of December 31, 2011 (the end of the fiscal year) unless otherwise stated: Unretricted support – contributions Unrestricted support – membership dues Unrestricted revenues – investment income Temporarily restricted gain on sale of investments Expenses – education Expenses – research Expenses – fund-raising Expenses – management and general Restricted support – contributions Restricted revenues – investment income Permanently restricted support – contributions Unrestricted net assets, January 1, 2011 Temporarily restricted net assets, January 1, 2011 Permanently restricted net assets, January 1, 2011 $3,000,000 400000 83000 5000 300000 2300000 223000 117000 438000 22500 37000 435000 5000000 40000 The unrestricted support from contributions was all received in cash during the year. Additionally, the society received pledges during 2012, except for the estimated uncollectable portion of $16,000. The society spent $3,789,000 of restricted resources o expenses were for research financed from restricted donations. You are to use this above information to prepare the statement of activities for the Community Society for 2011 (use the tab m n-governmental not-for-profit organization. he society received pledges totaling $425,000. The pledges should be collected 00 of restricted resources on contruction of a major facility during 2011, and $500,000 of research ety for 2011 (use the tab maked "Statement of Activities") Statement of Activities Community Society for the year ended December 31, 2011

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