517 Steiner College's statement of financial position for the year anded June 30, 2022. u presented hero. Steiner as a private college STENER COLLEGE Statement of Financial Position June 30, 2022 amounts in thousand Assets Cash and cath equivalent $ 738 Short-term investments 7.670 Tuition and fous receivable of course of 58) 235 Predges receivable (net of doubthat account of $284) Prepaid 1306 Property, plant and equipment net of accumulated depreciation of 104.280) 201.400 Investments (ut faire cost of 5184 700) 155.000 Total $450.00 Lisbies and Net Assets Accounts payable and accredibles $ 21.170 Deferred revenue Deposits held in custody for the 705 Bnh tay loi 1.000 Tolle $104040 With donor restriction 234276 Totalnut 30.316 Total abies and not assets 3456015 and done in The following transaction information (amounts in thousands pertains to the year ended June 30, 2023 During the year, charges for tution and foes were $244.550, scholarshipa were 16.260, and tuition waivers for scholastic achievement were $6.150. After payment was received, taltion refunds of 2 The college received cash contributions without donce restrictions of 82.140, pledges to be collected in 2004 of 5657, and cash contributions to the endowments of $338. It also collected $824 of Pledges $11.270 $for accrued Receivable that were restricted Collections on Tuition and Fees Receivable totaled $222,640 4. Net deposits returned to students tooled 517. 5. Expenses were incurred for Instruction $ 86.100 Academic support 23,40 Student AVC 37.770 Insonal support 28.550 Related to the expenses incurred prepaid assets of 5637 were used. 54,780 of the expenses were accrued and the remaining expenses were paid. Expenses incurred resulted in the release of $7,390 in 6 The ending balance in Accounts Payable and Accrued Liabilities was $1,985 Investment owning received for the period were $4,050, of which $2.000 was donor restricted for scholarships Adjusting entries for the period were made to increase Allowance for Doubtful Accounts by $15, to record depreciation expense of $26.440 (charged 70 percent to truction and 30 percent to scademic support to adjust tution revenue for an increase in deferred revenue of $12, and to recognize an increase in fair value of investments of $4.760 (5880 was related to investment restricted for scholarships $1.650 was related to the permanent endowment and the remainder was related to asses without donar restrictions) Nominal accounts were closed 1 Reg A1 Reg AZ Reg D Reac 35 points eBook Print References Prepare a statement of activities for the year ended June 30, 2023. (Enter your answers in thousands. Amounts to be deducted should be indicated with a minus sign.) STEINER COLLEGE Statement of Activities Year ended June 30, 2023 Without Donor With Donor Total Restrictions Restrictions Revenues and Gains: Student Tuition and Fous (net) $ 0 Contributions 2140 2.140 Investment Income 1.940 2,0901 4,030 Unrealized Gain on Investments 2.250 2.250 Net Assets-Released from Restrictions 0 0 Total Revenues and Gains 6,330 2,090 8,420 Expenses and Lasses Educational and General Expense Instruction 0 Academic Support 31,2721 31.272 Student Services 37.770 37,770 Institutional Support 0 0 Total Expenses and Losses 69,042 0 69,042 Total Change in Nel Assets (62.712) (60 622) Net Assets, Beginning of the Year 0 Net Assets, End of the Year 5 (62.712) S 2,0905 (60.822) 2 090 Reg AZ Reqc > 1 Reg Al Req A2 Reg B Regc 35 points Prepare a statement of financial position for the year ended June 30, 2023. (Enter your answers in thousands.) eBook Print STEINER COLLEGE Statement of Financial Position June 30, 2023 Assets Cash and Cash Equivalents Short-term Investments Tultion and Fees Receivable (Net) Pledges Receivable (Net) Prepaid Assets Property. Plant and Equipment (Net) Investments Reference 5 0 Total Assets Liabilities and NetAssets Liabilities Accounts Payable and Accrued Liabilities Deposits Held in Custody for Others Bonds Payable 0 Total Liabilities Net Assets With Donor Restrictions Without Donor Restrictions Total Net assets Total Liabilities and Net Assets 0 0 Po Steiner College's statement of financial position for the year anded June 30, 2022. is presented here. Steiner is a private college STEINER COLLEGE Statement of Financial Position June 30, 2002 (amounts in thousands Assets Cash and cash equivalent 5 738 Short-term investments 7,670 Tuition and fees receivable net of doute counts of 58) 235 Pledges receivable (ret of doubt accounts of 5384) 5,877 Prepaid 1,360 Property, plant, and equipment of coniulated depreciation of 104280) 281409 Investments (at far values, cost of $164.700) 150.000 Total $ 456,095 Liabilities and Net Assets Lii Accounts payable and sound obtie 5.21.170 Deposits held in cody for the 705 Duford revenue 904 Bonds payable 99.000 117.770 Wmoutdoor orico 5104040 Windonerosion 24.220 Tour 110 Totalbite and reset $450.00 The following transaction information (amounts in thousands) pertains to the year ended June 30, 2023 1. During the year, charges for tuition and foes were $244,550, scholarshipa were 516340, and tuition waivers for scholastic achievement were 55.150. her payment was received, tuition rounds of $11.270 were given. Tuition waivers of $17.360 for students serving as teaching assistants for instruction were accrued 2. The college received cash contributions without donor restrictions of $2.840. pledges to be collected in 2024 of 5567, and cash contributions to the endowments of $33. It also collected $824 of Pledges Receivable that were unrestricted Collections on Tuition and Fees Receivable totaled 5222,640 4. No deposits returned to students totaled 517 5 Expenses were incurred for Instruction 5 86.100 Academic support 23.340 Student Services 37.770 Institutional support 28.550 Related to the expenses incurred prepaid assets of $537 were used. 84.780 of the expenses were accrued, and the remaining expenses were paid. Expenses incurred resulted in the release of $7.390 in net assets with donor restrictions. 6. The ending balance in Accounts Payable and Accrued Liabilities was $1,985. 7. Investment earnings received for the period were $4.030, of which $2,090 was donor restricted for scholarships 8. Adjusting entries for the period were made to increase Allowance for Doubtful Accounts by $15.to record depreciation expense of $26.440 (charged 70 percent to instruction and 30 percent to academic O. Ne me persona were innet stets with donor restrictions Bor me gesondered Expenses or 6. The ending balance in Accounts Payable and Accrued Liabilities was 51.985 7. Investment entrings received for the period were $4.690, of which 2.090 was donor restricted for scholarships Adung entries for the period were made to incre Allowance for Double Accounts by 315, to record depreciation expense of 25.400 charged 70 percent to instruction and 30 percent academie support to revenues for inderdrevenue of 512. rende an increase in for value of nets of 34,780 (5860 was investments of scholarships $1,650 led to the permanent endowment and the remainder was relied ones without donar restrictional 9. Nominaccounts were closed 517 Steiner College's statement of financial position for the year anded June 30, 2022. u presented hero. Steiner as a private college STENER COLLEGE Statement of Financial Position June 30, 2022 amounts in thousand Assets Cash and cath equivalent $ 738 Short-term investments 7.670 Tuition and fous receivable of course of 58) 235 Predges receivable (net of doubthat account of $284) Prepaid 1306 Property, plant and equipment net of accumulated depreciation of 104.280) 201.400 Investments (ut faire cost of 5184 700) 155.000 Total $450.00 Lisbies and Net Assets Accounts payable and accredibles $ 21.170 Deferred revenue Deposits held in custody for the 705 Bnh tay loi 1.000 Tolle $104040 With donor restriction 234276 Totalnut 30.316 Total abies and not assets 3456015 and done in The following transaction information (amounts in thousands pertains to the year ended June 30, 2023 During the year, charges for tution and foes were $244.550, scholarshipa were 16.260, and tuition waivers for scholastic achievement were $6.150. After payment was received, taltion refunds of 2 The college received cash contributions without donce restrictions of 82.140, pledges to be collected in 2004 of 5657, and cash contributions to the endowments of $338. It also collected $824 of Pledges $11.270 $for accrued Receivable that were restricted Collections on Tuition and Fees Receivable totaled $222,640 4. Net deposits returned to students tooled 517. 5. Expenses were incurred for Instruction $ 86.100 Academic support 23,40 Student AVC 37.770 Insonal support 28.550 Related to the expenses incurred prepaid assets of 5637 were used. 54,780 of the expenses were accrued and the remaining expenses were paid. Expenses incurred resulted in the release of $7,390 in 6 The ending balance in Accounts Payable and Accrued Liabilities was $1,985 Investment owning received for the period were $4,050, of which $2.000 was donor restricted for scholarships Adjusting entries for the period were made to increase Allowance for Doubtful Accounts by $15, to record depreciation expense of $26.440 (charged 70 percent to truction and 30 percent to scademic support to adjust tution revenue for an increase in deferred revenue of $12, and to recognize an increase in fair value of investments of $4.760 (5880 was related to investment restricted for scholarships $1.650 was related to the permanent endowment and the remainder was related to asses without donar restrictions) Nominal accounts were closed 1 Reg A1 Reg AZ Reg D Reac 35 points eBook Print References Prepare a statement of activities for the year ended June 30, 2023. (Enter your answers in thousands. Amounts to be deducted should be indicated with a minus sign.) STEINER COLLEGE Statement of Activities Year ended June 30, 2023 Without Donor With Donor Total Restrictions Restrictions Revenues and Gains: Student Tuition and Fous (net) $ 0 Contributions 2140 2.140 Investment Income 1.940 2,0901 4,030 Unrealized Gain on Investments 2.250 2.250 Net Assets-Released from Restrictions 0 0 Total Revenues and Gains 6,330 2,090 8,420 Expenses and Lasses Educational and General Expense Instruction 0 Academic Support 31,2721 31.272 Student Services 37.770 37,770 Institutional Support 0 0 Total Expenses and Losses 69,042 0 69,042 Total Change in Nel Assets (62.712) (60 622) Net Assets, Beginning of the Year 0 Net Assets, End of the Year 5 (62.712) S 2,0905 (60.822) 2 090 Reg AZ Reqc > 1 Reg Al Req A2 Reg B Regc 35 points Prepare a statement of financial position for the year ended June 30, 2023. (Enter your answers in thousands.) eBook Print STEINER COLLEGE Statement of Financial Position June 30, 2023 Assets Cash and Cash Equivalents Short-term Investments Tultion and Fees Receivable (Net) Pledges Receivable (Net) Prepaid Assets Property. Plant and Equipment (Net) Investments Reference 5 0 Total Assets Liabilities and NetAssets Liabilities Accounts Payable and Accrued Liabilities Deposits Held in Custody for Others Bonds Payable 0 Total Liabilities Net Assets With Donor Restrictions Without Donor Restrictions Total Net assets Total Liabilities and Net Assets 0 0 Po Steiner College's statement of financial position for the year anded June 30, 2022. is presented here. Steiner is a private college STEINER COLLEGE Statement of Financial Position June 30, 2002 (amounts in thousands Assets Cash and cash equivalent 5 738 Short-term investments 7,670 Tuition and fees receivable net of doute counts of 58) 235 Pledges receivable (ret of doubt accounts of 5384) 5,877 Prepaid 1,360 Property, plant, and equipment of coniulated depreciation of 104280) 281409 Investments (at far values, cost of $164.700) 150.000 Total $ 456,095 Liabilities and Net Assets Lii Accounts payable and sound obtie 5.21.170 Deposits held in cody for the 705 Duford revenue 904 Bonds payable 99.000 117.770 Wmoutdoor orico 5104040 Windonerosion 24.220 Tour 110 Totalbite and reset $450.00 The following transaction information (amounts in thousands) pertains to the year ended June 30, 2023 1. During the year, charges for tuition and foes were $244,550, scholarshipa were 516340, and tuition waivers for scholastic achievement were 55.150. her payment was received, tuition rounds of $11.270 were given. Tuition waivers of $17.360 for students serving as teaching assistants for instruction were accrued 2. The college received cash contributions without donor restrictions of $2.840. pledges to be collected in 2024 of 5567, and cash contributions to the endowments of $33. It also collected $824 of Pledges Receivable that were unrestricted Collections on Tuition and Fees Receivable totaled 5222,640 4. No deposits returned to students totaled 517 5 Expenses were incurred for Instruction 5 86.100 Academic support 23.340 Student Services 37.770 Institutional support 28.550 Related to the expenses incurred prepaid assets of $537 were used. 84.780 of the expenses were accrued, and the remaining expenses were paid. Expenses incurred resulted in the release of $7.390 in net assets with donor restrictions. 6. The ending balance in Accounts Payable and Accrued Liabilities was $1,985. 7. Investment earnings received for the period were $4.030, of which $2,090 was donor restricted for scholarships 8. Adjusting entries for the period were made to increase Allowance for Doubtful Accounts by $15.to record depreciation expense of $26.440 (charged 70 percent to instruction and 30 percent to academic O. Ne me persona were innet stets with donor restrictions Bor me gesondered Expenses or 6. The ending balance in Accounts Payable and Accrued Liabilities was 51.985 7. Investment entrings received for the period were $4.690, of which 2.090 was donor restricted for scholarships Adung entries for the period were made to incre Allowance for Double Accounts by 315, to record depreciation expense of 25.400 charged 70 percent to instruction and 30 percent academie support to revenues for inderdrevenue of 512. rende an increase in for value of nets of 34,780 (5860 was investments of scholarships $1,650 led to the permanent endowment and the remainder was relied ones without donar restrictional 9. Nominaccounts were closed