Reference no: EM13569478
Selected accounts of the Weinstein Musical Society, a nongovernment, not-for-profit organization for the year ended December 31, 20X5 is presented below in alphabetical order (all amounts are in thousands of dollars and all accounts have a normal balance):
Administrative salaries..................................................................................................... $45
Cash contributions restricted for Classical Music Appreciation Program....................... 250
Collections of unrestricted pledges from prior year........................................................ 300
Depreciation-Office Equipment.................................................................................... 2
Depreciation-Equipment-Classical Music Appreciation Program.............................. 12
Depreciation-Maestro Program..................................................................................... 5
Fundraising expenses....................................................................................................... 75
Investment Income.......................................................................................................... 100
Materials and supplies used-Maestro Program.............................................................. 330
Payment of interest on note............................................................................................. 22
Payment to retire long-term note that matured during the year...................................... 250
Pledges during year (and outstanding at year end) to support Maestro Program........... 1,200
Rent-Performance Halls-Professional Program.......................................................... 500
Salaries-Professional Program....................................................................................... 379
Teacher salaries-Classical Music Appreciation Program............................................... 23
Teacher salaries-Maestro Program................................................................................. 77
Temporarily restricted net assets, January 1, 20X5......................................................... 1,100
Ticket sales-Performances of Musicians in the Professional Program.......................... 150
Unrestricted cash contributions....................................................................................... 800
Unrestricted net assets, January 1, 20X5......................................................................... 320
Unrestricted pledges during year (and outstanding at year end).................................... 540
Unrestricted earnings on investments of temporarily restricted investments.................. 58
All expenses of the Maestro and the Classical Music Appreciation Programs are payable from donor restricted resources.
Requirement: Prepare the Statement of Activity for the Society