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The Ombudsman Foundation Is a private not-for-profit organization providing traIning In dispute resolution and ...

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Accounting

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The Ombudsman Foundation Is a private not-for-profit organization providing traIning In dispute resolution and
conflict management. The Foundation had the following preclosing trlal balance at December 31,2020, the end of
Its fiscal year:
Requlred:
a. Prepare closing entrles for the year-end, using separate entrles for each net asset classification.
b. Prepare a Statement of Actlvitles for the year ended December 31,2020.
c. Prepare a Statement of Financial Position as of December 31,2020.
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