Purpose the statement of activity for the society

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Reference no: EM132753

Question :

Selected accounts of the Weinstein Musical Society, a nongovernment, not-for-profit organization for the year ended December 31, 20X5 is shown 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:    Purpose the Statement of Activity for the Society

Reference no: EM132753

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