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Posted: June 15th, 2022
Use the data and following the instructions contained on the "
Use the data and following the instructions contained on the "Data-Instructions" tabPrepare the Statement of Activities as directed on the "Statement of Activities" tabThe following information was taken from the accounts and records of the Community Society, a non-governmental not-for-proThe balances are as of December 31, 2011 (the end of the fiscal year) unless otherwise stated:Unretricted support – contributionsUnrestricted support – membership duesUnrestricted revenues – investment incomeTemporarily restricted gain on sale of investmentsExpenses – educationExpenses – researchExpenses – fund-raisingExpenses – management and generalRestricted support – contributionsRestricted revenues – investment incomePermanently restricted support – contributionsUnrestricted net assets, January 1, 2011Temporarily restricted net assets, January 1, 2011Permanently restricted net assets, January 1, 2011$3,000,00040000083000500030000023000002230001170004380002250037000435000500000040000The unrestricted support from contributions was all received in cash during the year. Additionally, the society received pledgesduring 2012, except for the estimated uncollectable portion of $16,000. The society spent $3,789,000 of restricted resources oexpenses 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 mn-governmental not-for-profit organization.he society received pledges totaling $425,000. The pledges should be collected00 of restricted resources on contruction of a major facility during 2011, and $500,000 of researchety for 2011 (use the tab maked "Statement of Activities")Statement of ActivitiesCommunity Societyfor the year ended December 31, 2011
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